PO Matching
Eliminate overspending and strengthen financial controls
- 2-way and 3-way matching
- Fully configurable purchase order policies
- Highly visual exception and reconciliation
Jason Chen | Vice President of Finance & Operations at Exxact
GET FREE PRODUCT TOUR NOWTipalti PO Matching is the most modern and intuitive solution I have seen and will help our financial operation gain even more efficiencies, while eliminating costs.
Configure Personalised PO Policies
Purchase order processes that work for you and save time. Ensure greater compliance with your company’s purchasing policies. All invoices go through the standard OCR, advanced data extraction, and approval workflows before payment is processed.
- Set up rules to determine if an invoice is PO-backed and if it should go through the matching process
- Base rules on supplier or bill amount
- If an invoice has a purchase order, the PO bill coding data pre-populates the invoice, including VAT coding
Cut the Manual Work with Tipalti’s Matching Engine
Built for 2-way and 3-way matching, Tipalti provides the flexibility you need to eliminate overspending. Even if an invoice is auto-matched, you can still require additional approvals before payment is processed.
- Matches headers and line levels with or without VAT amount
- Aligns currencies, units of measure, VAT coding and more
- Supports multiple POs against one invoice and vice versa
Set Tolerance Ranges that Work for Your Business
Want even more flexibility? Rather than manually reviewing all mismatches between invoices, purchase orders, and receiving reports, you can create tolerance thresholds based on amounts or percentages, so an invoice is still considered “matched” if it falls within the threshold.
- Design rules for freight, delivery, taxes, and discounts
- Reduce the amount of exceptions that require further investigation
- Improve first-time match rates to cut costs
Easily Manage & Reconcile Exceptions
Exception reconciliation has never been easier or more intuitive. Tipalti shortens cycle time from invoice receipt to payment and maximising discount opportunities.
- Clear highlights of exceptions, where they occur, and steps to resolve them
- Configure exception approval rules, so the buyer can approve or reject directly via email without logging in to Tipalti
- If the exception exceeds the threshold, AP can dispute the bill or the PO can be updated in the ERP system
Frictionless Approval Cycle
Exception approvals on purchase orders are easy. Any exceptions that exceed established thresholds can be sent for immediate approval through email and approved or contested with a single click.
Sync with ERP for Automatic Updates
With pre-built integrations to ERP systems such as NetSuite, Tipalti syncs POs and GRNs. Integrations are bi-directional, so PO statuses are automatically updated in ERP too, such as the amount billed and if it’s complete or partial payment. Tipalti processes operating expenses and fixed assets the same way for matching, so there’s no change to the workflow. You get automated syncing and matching that works for your business.
Innovation and efficiency come built-in
Tipalti offers the most comprehensive payables technology to help your business streamline, simplify, and evolve.
Invoice Management
Eliminate the busy work with touchless invoice processing with smart OCR. Advanced approvals with AI streamlines the approval process and minimises delays.
Supplier Management
Effortlessly onboard vendors with a multilingual, self-service portal that’s brandable. Plus, give suppliers a real-time view of payment and invoice status.
PO Management
Manage spend all in one place. Streamline purchase requests, PO’s, approvals, and vendors with budget visibility to make informed decisions.
PO Matching
Eliminate overspending and strengthen financial controls with automated 2-way and 3-way matching and enjoy a frictionless approval cycle.
Global Payments
Send payments in 120 currencies in 196 countries through six unique payment methods.
Multi-Entity
Manage unique payables workflows and centralise AP for subsidiaries and entities within a single instance.
Currency Management
Save time and money on FX conversion payouts with highly competitive exchange rates.
Tax Compliance
Take the headaches out of collecting and validating VAT tax information.
Payment Reconciliation
Speed up financial close by 25%+ by synching and reconciling multi-entity payables data with ERP and Accounting systems.
Financial Controls
Enterprise-grade financial controls: Fraud, tax, regulatory, audit, spend and cash flow.
Self-Billing Module
Simplify self-billing processes with automated invoice creation and submission while ensuring global regulatory compliance.
Fraud Detection
Tipaliti Detect lets you proactively identify payee fraud risk and maintain a full audit trail.
Secure Cloud
Rest assured that data is collected, stored, and transmitted securely in the cloud. Tipalti is SSAE 18 and ISAE 3402 SOC 1 Type II and, SOC 2 Type I certified, and GDPR Compliant.
ERP Integration
Best-in-class integration with your existing ERP and accounting systems and sync invoices, suppliers, payments and purchase orders.
Simplify Performance-to-Pay
Easily sync data from marketplace platforms and tie performance analytics to pay partners.
Payments API
Integrate any system through our highly secure API that offers full-featured interfaces.
Artificial Intelligence/Tipalti Pi
Take advantage of proactive, smarter processes for the entire payables operation as well as greater efficiency and risk mitigation.
