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3WM

Three-Way Matching

3WM is the IV practice of matching three documents prior to approving payment of a supplier invoice:

Generally data elements include: Volume (quantities), Price, Condition and other terms such as penalties for late delivery, discounts for early delivery or payment.

See also: 2WM, 4WM

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Hierarchy

IDNameLevelx
IVInvoice Verification1IV
3WMThree-Way Matching23WM

Process(es)

IDNameLevelx
S107Approve Payment3S107
S208Approve Payment3S208
S309Approve Payment3S309
Three-Way Matching Invoice Verification 3 2 {{{keywords}}} {{{description}}}