The 3 Way Match Vendor Bill Approval Workflow checks the vendor bill for discrepancies before it is processed for payment. It validates the details of a vendor bill against the details of its corresponding purchase order and item receipt. Bills with identified discrepancies are automatically routed to the assigned supervisor for review and approval.
The 3 Way Match Vendor Bill Approval Workflow provides the following benefits:
- Identifies issues by highlighting specific variances between the transactions, allowing the approvers or buyers to quickly address the issues
- By finding the variances, inventory levels are accurately maintained
- Eliminates cost variances to ensure that there is no overpayment for items that have not been received
The 3 Way Match Vendor Bill Approval workflow performs more validations than the regular Vendor Bill Approval workflow.
The 3 Way Match Vendor Bill Approval Workflow is included in the NetSuite Approvals Workflow SuiteApp that must be installed in your account.