Cash & Logistics

MatchPoint

VERIFY INVOICES WITH AUTOMATED PRECISION

Many businesses spend millions of dollars annually on goods and services, with little to no assurance that invoiced amounts accurately reflect negotiated prices. MatchPoint delivers a practical, easily implemented solution to ensure both vendor accountability and invoice accuracy. Through the rapid matching and reconciliation of vendor invoices with actual goods and services orders, the system helps eliminate overpayment to vendors, improve audit trails, and safeguard against fraudulent billing schemes.

IMPROVED ENTERPRISE EFFICIENCY

MatchPoint automatically calculates exact costs based on each vendor's pricing rules, regardless of complexity. The system also offers a flexible workflow that enables an Invoice to Pay process in which positive invoices can be used to initiate payments to vendors. Vendors may send invoice information data electronically, in multiple formats, or manually key the data into MatchPoint via the Internet. Your organization can further optimize efficiency by customizing the system for suggested matching, using designated thresholds for manual exception review.

Finally, MatchPoint creates complete audit trails of activity relating to matched and unmatched invoice items. This information is readily available for easy production of detailed reports.

BENEFITS

• Helps eliminate overpayments to vendors
  
• Reduces losses by identifying unmatched invoice items
  
• Increases internal and external accountability
  
• Handles complex pricing agreements
  
• Creates audit trails for goods and services payments
  
• Provides a stand-alone or integrated solution
  
• Offers centralized invoice reconciliation
  
• Meets the needs of many businesses and industries
  
• Integration with TrackPoint™ system provides a comprehensive solution for delivery management and invoice validation
  

MatchPoint matches and reconciles approved service requests with actual services and calculates exact costs based on vendor pricing rules, to eliminate overpayment to service providers.

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