When approving a supplier’s invoice for payment, a three-way match reconciles the purchase order; the goods receipt note and the supplier’s invoice, in order to determine whether the invoice should be paid in its entirety. See also Invoice, Receipt, and Two Way Match.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
