article thumbnail

What is 3-way matching and why is it important?

Airbase

It’s particularly important for controlling spend and preventing unauthorized or fraudulent payments in cases where goods and services are received before payment is made. This more time-consuming process is most often used in industries where quality and compliance are critical, such as manufacturing or healthcare.

article thumbnail

Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

For decades, the many steps and stakeholders in large enterprise purchasing meant procurement teams had to rely on heavyweight, expensive solutions, while mid-market companies either had to adopt one of those overly cumbersome solutions or throw some ad-hoc procedures together to try to control spend.

article thumbnail

Streamlining procurement processes: A case study with Airbase and Doximity.

Airbase

Doximity faced significant challenges around company spending before implementing Airbase’s corporate card program nearly five years ago. As the most extensive network for healthcare professionals in the U.S., Doximity has complex spending requirements that presented several challenges. “We

NetSuite 130