Imagine a world where your supplier invoices all arrive in electronic format, float seamlessly through your AP workflow system, get automatically matched against purchase orders, contracts and receipts, then go straight through to your ERP for final posting and payment.

Within many retail and manufacturing organisations, this is still a dream scenario and in most cases invoices require a manual and time consuming review to be matched to a purchase order, goods receipt or contract. But the dream can come true: best practices show that organisations who focus on improving the level of automation can achieve up to 95% straight through processing of vendor invoices.

I just wanted to share this whitepaper from Medius on how to achieve true matching of invoicing.