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

Airbase

Three-way match should be incorporated into accounts payable processes whenever you need to ensure the accuracy and validity of invoices — in other words, whenever possible. In accounts payable, the primary benefits are: Catch fraudulent invoices. When should you use a 3-way match?

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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.

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How The Corporate Card Recharted Its Adoption Course

PYMNTS

Amid shutdowns and travel restrictions, a dramatic decline in business trips had some in the industry wondering what the future of card spend would look like. After all, the corporate card is traditionally the payment method of choice for traveling employees, yet it had historically lacked a presence in the accounts payable (AP) department.

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Embracing The Long Road Ahead For Commercial Card Innovation

PYMNTS

Plus, a commercial card linked to a mobile app supports corporates’ need to become more flexible, whether it be to generate an expense report while in a taxi or for accounts payable professionals to review and approve transactions while away from their desks.

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How Spend Management Beefs Up Bottom Lines

PYMNTS

In a live discussion with Karen Webster, Duvedi outlined the essentials that any good spend management approach should deliver and how businesses can measure the success of such programs. Controlling spend doesn’t have to mean giving employees less capital to work with, said Duvedi. Found Money. The Bottom Line on Benefits.

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Spend Management is the Next Focus for Client Accounting Services

CPA Practice

By comparison, modern spend & expense management solutions can provide proactive insights based on real-time data. Modern spend & expense management solutions allow companies to take advantage of all the rewards and services they are used to with personal credit cards in their business transactions.