The invoice matching process is typically associated with accuracy. A supply chain business partner performs a service, and the invoice they submit should correctly reflect what was delivered in that agreed upon service.
While it sounds simple enough, times have changed. In today’s complex, global supply chain, operations don’t always go as planned. Logistics service providers frequently encounter delays and unforeseen events that incur charges and ultimately alter the scope of the original estimate of costs.
Current technology enables supply chain software to move beyond simpler paradigms, helping shippers save precious time and already thinning margins.
Let’s take a look at the difference between static and dynamic invoice matching, which can offer shippers a 10 – 15% improvement in operating revenues.