SourceDay started out trying to help organize the chaos that you may have experienced around managing POs. From there, we created our Invoice Automation product that helps with another pain point, yours. See how SourceDay grew our roots!
Invoice Automation with SourceDay allows you to manage all purchase order invoices from one platform. SourceDay automates the process for you by processing invoices that already match. It utilizes an automated 3-way matching system between the invoice, receipt, and purchase order. SourceDay offers a way to give suppliers and accountants the ability to review the status of their invoices. Only suppliers whose customers use SourceDay's Account Payable platform will be able to review their invoices.
We will take you from beginner to expert and help you get started with SourceDay's Invoice Automation.
How Does it Work?
SourceDay compares 3 of the common items to match:
Our Invoice Automation will match the Unit Cost on the PO to the Unit Cost on the Invoice, and then the extended line amount (line total) on the Invoice to the extended line amount (line total) on the PO that will be vouchered. Once matched, the invoice can be vouchered and paid out quickly and efficiently.
Why Compare Invoices, Receipts, and Purchase Orders?
SourceDay compares multiple systems in order to avoid the common pitfalls of the more traditional method of comparing the packing slip, invoice and PO.
This means you are looking at documents created by three distinct systems, versus two systems.
Interested in Invoice Automation for Non-PO Invoices? Click here.
- What to Expect
- Who's Doing What
- Picking the Right Invoices
- So Many Tabs, So Little Time
- How to Load Invoices into SourceDay
- Matching and Non Matching
- Vouchering, Posted and Paid Invoices