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Resolving match exceptions
Resolving match exceptions
is one of the vital aspects of account payables department. A Match exception is a warning indicator that occurs during the daily matching process that identifies when the voucher and the purchase order are in conflict with each other, thus preventing payments to the suppliers (until resolved). A match exception normally occurs if the suppliers' ID does not match, insufficient funds on PO, unit price exceeds and PO is an invalid status. At AO2I
, we offer cost effective match exceptions resolving services to clients across the globe. Our team of accountants can correctly identify the discrepancies in the voucher and the purchase order and can effectively resolve it. Outsourcing match exceptions resolving can help you maintain the business relationship with vendors smoothly. Besides that it also helps you to minimize the operational cost incurred.
We ensure the following while match processing
- Payment is made on the quoted price for what has been supplied
- Making payment for the quantity of goods that has been delivered
- Only paying for goods received in good working order
- Stopping payments being made if the price or quantity are outside the allowable matching 'tolerances'
- Maintaining controls via manual intervention to verify and approve any discrepancies before paying Vendors.
Benefits of outsourcing match exceptions resolving services
- Helps to make payment based on the quoted price
- Limits payment to the quantity ordered
- Helps to control and verify before approving the payments to the vendors
Some of the benefits of outsourcing accounting services to us are
- Outsourcing helps you to reduce operational cost up to 60 per cent
- Gives you access to professional accountants and bookkeepers
- Over five years of experience in the accounting industry
- Dedicated accountants to handle your accounting
- Dedicated project managers to effectively manage your accounting projects
- World class infrastructure to perform the accounting task
- Advanced technology to work faster
- Access to expertise
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