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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. For over-taxed AP departments, it’s often the amount of time spent doing tedious work when they could be doing something that adds more value to the company.

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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.

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

Airbase

Fortunately, they already used Airbase for their AP Automation — and the promise of a procurement module was a big draw. Alex named several other benefits of Airbase and Guided Procurement: More spend under management : This is big for the cost-conscious Doximity team, as they’re always looking for ways to control spending.

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