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4WM

Four-Way Matching

4WM is the IV practice of matching four documents prior to approving payment of a supplier invoice:

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

See also: 2WM, 3WM

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Hierarchy

IDNameLevelx
IVInvoice Verification1IV
4WMFour-Way Matching24WM

Process(es)

IDNameLevelx
S107Approve Payment3S107
S208Approve Payment3S208
S309Approve Payment3S309
Four-Way Matching Invoice Verification 4 2 {{{keywords}}} {{{description}}}