Amazon Business launches new “3-Way Match” software solution to save customers time and money

Amazon Business customers can use 3-Way Match to streamline the purchasing process across product receiving, order reconciliation, and invoice payment. Manually managing, tracking, and reconciling a 3-way match can be time consuming, prone to mistakes, and can result in either late invoice payments or potential account suspensions. With 3-Way Match, customers can automatically coordinate the purchase order (PO) against the product information from the receiving and confirmation feature, as well as the product’s invoice details, such as price and quantity—driving each PO to a close quickly.

Doug Gray, Vice President of Technology, Amazon Business said, “For a long time, customers have spent hours manually managing, tracking, and reconciling purchases. With the new launch of 3-Way Match, we’re looking forward to helping more organizations automate, simplify, and save time. Innovating industry-leading procurement solutions on behalf of our customers is our North Star vision and 3-Way Match is a key step on that journey.” 

Set up 3-Way Match

1. Sign in to your Amazon Business account and go to Business Settings.
2. Under Billing & shipping, select Receiving, and then choose the appropriate group or subgroup.
3. Select Receiving Settings, and then choose Yes, track receiving to allow the designated receivers to mark items as received or not received.
4. Select Save to save your changes and enable receiving. 
   
   

Update receiving confirmation

• Mark orders as Received directly on the Your Orders page. Finance users, group administrators, requisitioners, and the designated receivers can view the orders and update the receiving confirmation for their assigned group and subgroup. Requisitioners can view and confirm the receiving status only for the orders they placed. If there are multiple groups, administrators can add multiple people as receivers for each group.
• Pay by Invoice customers can view the receiving status on the Your Invoices page. The information is available to administrators and finance users only.
• For orders paid by a credit card, designated receivers can track receiving on the Receiving page. Administrators and Finance users can also use Business Analytics reports.