Explore.3WM
Gain trust over invoice payments through an effective three-way match
What can Explore.3WM mean for your business?
Explore.3WM is a smart analytics dashboard that helps you assess the reliability of your invoice management process by evaluating the effectiveness of three-way match controls.
While SAP systems embed these controls, manual overrides and process deviations often go unnoticed. Explore.3WM analyses transactional purchase data to uncover whether invoices are paid at the correct price and quantity, and whether they follow the intended, controlled process.
The solution provides the insights you need to detect unmitigated risks, improve compliance, and reinforce trust in supplier payments. It’s a fast-to-deploy tool that delivers immediate value by enhancing control and transparency in procure-to-pay.
Key benefits of Explore.3WM
Detect invoices bypassing the controlled process
Explore.3WM identifies invoices that don’t follow the intended three-way match process, such as those missing a matching purchase order (PO) or goods receipt. This helps you uncover process deviations and reduce the risk of unauthorised or erroneous payments.
Validate invoice accuracy against PO and good receipt (GR) data
The dashboard compares invoice amounts and quantities with corresponding purchase orders and goods receipts. This ensures that payments are made only for what was actually ordered and received, reducing overpayments and disputes with suppliers.
Assess the effectiveness of automated controls
Explore.3WM evaluates how well embedded three-way match controls are functioning within the ERP system. It highlights where manual overrides occur and where controls may be circumvented, enabling targeted improvements in system configuration and process discipline.