Eliminate overspending and strengthen financial controls
- 2-way and 3-way matching
- Fully configurable purchase order policies
- Highly visual exception and reconciliation
Configure Personalized 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
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 still have the option to require additional approvals before payment is processed.
- Matches headers and line levels
- Aligns currencies, units of measure, landed cost, 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 and on the bill or line level, so an invoice is still considered “matched” if it’s within the threshold.
- Improve first-time match rates to cut costs
- Gain insights into exceptions with a color-coded and intuitive interface
- Reduce the number of exceptions requiring further investigation
Easily Manage & Reconcile Exceptions
Exception reconciliation has never been easier or more intuitive. Tipalti shortens cycle time from invoice receipt to payment and maximizing 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.
JASON CHEN | VICE PRESIDENT OF FINANCE & OPERATIONS AT EXXACT
“Tipalti 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.”
Innovation and efficiency
Tipalti offers the most comprehensive payables technology to help your
business streamline, simplify, and evolve.
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