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3 Way Match

What is 3 Way Match?

The ‘3 way match’ is a term commonly used in accounting and procurement processes, especially in the context of accounts payable. It refers to a three-step process of matching three key documents before processing a payment to a supplier. 

‍NetSuite 3 way match is a feature that allows businesses to verify that purchase orders, delivery receipts, and supplier invoices all have the same information. ZoneCapture’s 3-way matching was developed based on real NetSuite user requests and uses an intuitive traffic-light interface, which makes it easy for users to see which transactions match perfectly, vary slightly, or do not match at all.

Related terms

3 Way Match
3-way matching refers to a three-step process of matching three key documents before processing a payment to a supplier.
Accounts Payable Automation
Accounts payable automation (AP Automation) refers to the use of technology and software solutions to streamline and optimize the accounts payable process within an organization.
Accounts Payable Days
Accounts Payable Days (AP Days), also referred to as Days Payable Outstanding (DPO), is a financial ratio that measures the average time a company takes to pay its suppliers or vendors for credit purchases.
Accounts Payable Turnover
Accounts payable turnover explains how many times a business pays its creditors in a set timespan. Companies can use this metric to measure their short-term liquidity.
Advanced Electronic Bank Payments
Advanced electronic bank payments typically refer to sophisticated electronic payment methods and systems that enable businesses to execute various types of transactions with their banks electronically, often leveraging advanced technologies and automation capabilities.
Advanced Inventory
Advanced inventory refers to a comprehensive and feature-rich inventory management system or module within an enterprise resource planning (ERP) software or inventory management software.