In short

Every invoice checked against the paper behind it

Procure-to-pay reconciliation in CFO 360 reads every purchase order, goods receipt, bill of lading, proof of delivery and supplier invoice, then runs 2-, 3- or 4-way matching against tolerances you set. Clean invoices clear untouched. Anything outside tolerance becomes an exception with its evidence, value and deadline, and approval is withheld until it is resolved.

Matching

2-way, 3-way and 4-way

2-way

Purchase order against invoice.

3-way

Adds the goods receipt, so you pay only for what arrived.

4-way

Adds the bill of lading or proof of delivery.

Field by field

Price, quantity, amount, vendor, terms, dates and currency, each against its own tolerance.

Expected documents

When a purchase order lands, the receipt it should produce is expected; if it never arrives, that becomes an exception on its own schedule.

Versioned policy

Match profiles by vendor, commodity, entity or value band are versioned and frozen per purchase order, so a tolerance change in March cannot rewrite what February's auditor saw.

Exceptions

Resolved with the evidence in front of you

Exception queue

Cards with evidence, value, owner and a deadline timer.

Side by side

Purchase order, invoice and receipt compared with the variance highlighted.

Act from the card

Approve, reject or question with a reason, or email the vendor with the evidence attached.

Self-healing

An exception closes itself when the missing receipt or credit note arrives.

Questions

Common questions

Does CFO 360 pay invoices?

No. It withholds approval on invoices outside tolerance. Payment runs in your ERP or AP system.

Which systems does it read from?

Manual upload, an email listener, Oracle, NetSuite, SAP and cloud drives such as SharePoint, Google Drive, OneDrive and Box.

Can we set different tolerances for different suppliers?

Yes. Match profiles can be scoped by vendor, commodity, entity or value band.

What happens when the receipt arrives late?

The exception closes itself when the resolving document arrives, and the decision log records it.

Related

Keep reading

CFO 360 overview

One view of the money, from sourcing to cash, reconciled to the source document.

Three-way match

Invoice, purchase order and receipt matched at the line level.

Strategic sourcing and supplier scoring

Contract price compliance and one consolidated score per supplier, built from every invoice and delivery.

How much did you pay above contract last quarter?

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