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3-WAY DOCUMENT MATCHING

A SMART SOLUTION FOR DOCUMENT RECONCILIATION

We developed a 3-way document matching solution using Artificial Intelligence for fast and efficient processing of accounts payables and more

KEY BENEFITS OF THE 3-WAY MATCHING SOLUTION

Three-way matching is a process of matching three key documents: purchase orders (PO), goods receipt note or delivery receipt, and the supplier’s invoice. This is done to prevent fraud & double payments, save money, as well as have adequate records for the audit trail. Three-way matching is usually done before paying a supplier.

ELIMINATE FRAUD

By doing 3-way matching you  easily determine whether an invoice correctly represents the actual good/services received

MAINTAIN
RECORDS

Keep a record of your transactions with suppliers which can be used for both litigation and audit purposes

INCREASE
PROFITS

Doing away with unnecessary expenses leads to higher profitability because these costs add up if they go unnoticed

ARTIFICIAL INTELLIGENCE CAPABILITIES

This smart 3-way matching solution is a testament to BlastAsia’s expertise in building Artificial Intelligence-enabled web and mobile applications using Microsoft’s Azure Cognitive Services and Azure Applied AI Services

Microsoft Cognitive Services

HOW THE 3-WAY MATCHING SOLUTION WORKS

Our solution’s AI feature was built on top of Microsoft Azure’s Applied AI Service called Form Recognizer, which has an invoice model to identify, extract, and analyze data coming from image or PDF files of invoices, delivery receipts or goods receipt note, and the corresponding purchase order

1
DATA EXTRACTION

After uploading an invoice via taking a photo/scanning, the data will be extracted using Azure Form Recognizer 

2
MATCHING

Based on invoice data the corresponding PO and DR data will be searched and subjected to matching 

3
RECONCILIATION

Notifications/reports can show invoices with inconsistencies or non-matches that will be subject for review by your team

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LET’S CO-CREATE YOUR NEXT BIG SOFTWARE PRODUCT

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WAYS WE CO-CREATE VALUE

Harnessing over two decades of experience in software product engineering, business & technology consulting, and startup development, BlastAsia has curated digital transformation services that will deliver digital solutions to bring out the best in your company.

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CONSULTING

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PLATFORMS

Have digital solutions built easily and quickly using our own platforms

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SERVICES

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LEVERAGING ON TECHNOLOGY
TO BRING POSITIVE EXPERIENCES

Digital has always been in our DNA, and we have worked on countless digital transformation, software engineering, and startup projects to help you go digital - the right way