What is Three Way Match?

A three-way match is the process of comparing the purchase order; the goods receipt note and the supplier's invoice before approving a supplier's invoice for payment. A 3-way match helps in determining whether the invoice should be paid partly or in its entirety.

Related Terms

What is Tail Spend?What is Taxonomy?What is Third-Party Logistics (3PL)?What is Third-Party Risk Management (TPRM)?What is Transaction Costs?