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

Airbase

In the world of finance and procurement, accuracy and accountability are paramount. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned. Table of contents What is 3-way matching? How 3-way matching works.

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

Airbase

The biggest thing for me is I need to have controls, but I also want employees to have an enjoyable experience,” Doximity’s Senior Director of Accounting, Alexander Schlick, told Airbase’s VP of Marketing, Michael Freeman. As the most extensive network for healthcare professionals in the U.S., Benefits and results.

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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. Accounts payable and procurement.

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Spend under management: The procurement KPI you should be tracking at any stage.

Airbase

This is referred to as spend under management (SUM), and is an extremely useful KPI at any stage Centralizing a decentralized world. SUM is a basic procurement metric that measures the proportion of an organization’s total managed and controlled spend through procurement processes.