Three-way invoice match
An accounts payable control that reconciles three documents (the purchase order, the goods receipt, and the vendor invoice) before the invoice posts for payment.
In more detail
The match compares quantity, price, and line item across the three documents. A clean match means the bill posts. A mismatch means the AP team escalates to find the source of the variance. The control is the standard defense against fraud, double-billing, and pricing drift.
The control gets skipped roughly half the time in mid-market AP teams because chasing missing receipts costs more than the average exception saves. That is rational on a per-invoice basis and irrational at the portfolio level. The aggregate overbilling and fraud add up.
Where this shows up at Ceven
The agent runs the chase for free, which inverts the per-invoice math. Missing receipt? The agent emails the requester. Quantity discrepancy? The agent emails or calls the vendor. Price variance? The agent drafts the credit memo. Three-way match runs on every invoice rather than the half that get matched today by hand.