2 way match p2p process

Question

Accepted Answer

2 way match p2p process is a method of matching purchase orders and invoices to ensure accuracy and prevent fraud.

The process involves comparing the purchase order to the invoice to ensure that the correct items were received and billed for.
This helps to prevent overbilling or underbilling, as well as catching any discrepancies or errors.
For example, if a purchase order was made for 100 units of a product, but the invoice only shows 90 units, the discrepancy can be investigated and resolved.
The 2 way match process is a standard practice in accounts payable to ensure accuracy and prevent fraud.

Accepted Answer

P2P is a processor of purchasing and payment process for goods and services from vendors

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