Process 95% of Invoices Touchlessly
The only AP solution for businesses that manufacture, distribute, or package physical products.
A First for Direct Spend
Manufacturers, distributors, and CPG companies know how difficult it is to match and voucher invoices. One invoice may include parts from several POs. Each PO could be dozens of lines long.
Before you fire up the printer and break out the highlighter, meet the solution that’s changing everything.
How It Works
Get to know our four-step process for digitizing and matching invoices.
Step 1: Read Invoice
SourceDay’s technology reads and digitizes supplier invoices, whether they’re sent as Word docs, PDFs, or other formats.
Step 2: Smart Validation
SourceDay reviews past purchase orders to match the invoice lines with the corresponding PO lines—even if they come from multiple POs.
Step 3: 3-Way Matching
Using your chosen matching rules, SourceDay automatically compares line items from the order, invoice, and receipt of goods.
Step 4: Voucher & Pay
Matched invoices can be vouchered with the click of a button. Any mismatches might mean there’s a mistake or miscommunication. Luckily, this only happens about 5% of the time.
Laser Focused on Line Items
Most “automated” payables solutions compare the total cost on the purchase order to the total invoiced amount. But that’s not enough. SourceDay zooms in to compare each invoice line item to the corresponding purchase order line.
This allows for multiple releases, quantity variances, and price tolerances.
Business as Usual for Suppliers
Suppliers can still send invoices via email. You can opt to have them sent to a unique email address to auto-upload new invoices or drag and drop invoices as you receive them.
SourceDay will process the file, whether it’s a PDF or Word doc.
95% of Invoices Automatically Matched
Don’t waste time on lines that match anymore. Focus instead on getting to the bottom of mismatches.
When SourceDay identifies mismatches, you can correct the PO, request that the vendor update the invoice, or voucher the payment anyway. Give these situations the special attention they deserve.
AP Automation + PO Collaboration = The Perfect Combo
Set Your Own Matching Rules
Set tolerances for cost, quantity, total line amount, or total invoice amount and customize your choices by supplier.
As long as invoices are in the ranges you specify, we can match them.
Don’t Overpay, Underpay, or Forget to Pay
We believe you should pay your suppliers what you owe—no more, no less. SourceDay’s line-level matching protects your business against accidental overpayments and helps you take advantage of early payment discounts.
Close the Books in Record Time
When 95% of invoices are matched automatically, closing the books takes a lot less time. It’s a win-win. Executives can review finalized numbers sooner. And accountants have enough on their plates already.
Stop chasing POs. Standardize communication between buyers and suppliers to reduce delays, errors and frustrations.
Ditch the spreadsheets. Manually managing RFQs puts you at risk for errors or a quote getting lost in your inbox.
Have a question?
Fill out this brief form and we’ll get back to you within one business day.