{"id":25980,"date":"2025-05-16T06:28:15","date_gmt":"2025-05-16T06:28:15","guid":{"rendered":"https:\/\/www.hashmicro.com\/ph\/blog\/?p=25980"},"modified":"2025-09-18T07:25:44","modified_gmt":"2025-09-18T07:25:44","slug":"three-way-matching","status":"publish","type":"post","link":"https:\/\/www.hashmicro.com\/ph\/blog\/three-way-matching\/","title":{"rendered":"What Is Three-Way Matching and Why Does Your Business Need It"},"content":{"rendered":"

Imagine if each department in your company purchases separately without clear coordination. As a result, the budget is wasted, procurement is duplicated, and it is difficult to track overall spending. This situation not only increases financial risk but also hampers operational efficiency.<\/span><\/p>\n

This problem is not unique to the private sector. In the Philippines, a <\/span>GPPB<\/span><\/a> report revealed procurement challenges in government agencies due to weak controls and contract non-conformities. This shows the importance of centralized oversight to prevent inefficiencies and risks.<\/span><\/p>\n

One effective solution to overcome this problem is to implement a three-way matching process, which matches purchase orders (POs), proof of receipt, and invoices before making payments. With this approach, companies can ensure that payments are only made for goods or services that are actually ordered and received, reducing the risk of fraud and payment errors.<\/span><\/p>\n

In this article, we will discuss the concept of three-way matching in depth, how it can benefit your business, and how solutions like <\/span>HashMicro Accounting Software <\/span><\/a>ay maaaring makatulong sa iyo na ipatupad ang diskarte na ito epektibo sa iyong kumpanya.\u00a0<\/span><\/p>\n\n\n\n
\n

Key Takeaways<\/b><\/span><\/h3>\n