GA
Controls Agent
Tests each transaction for duplicates, anomalies, and policy breaches.
$283K1 (modeled outcome) per year in duplicate payments avoided at one design partner
Glossary
Three-way match
Definition
A three-way match is an accounts payable control that verifies a supplier invoice against the purchase order and the goods receipt before payment is approved.
The three documents are the purchase order (what was ordered, at what price), the receiving report or goods receipt (what arrived), and the invoice (what the supplier is charging). A match confirms that quantities and prices agree within tolerance. A mismatch, such as an invoice for 120 units when 100 were received, is an exception that must be resolved before payment.
Three-way match is one of the most common controls tested under SOX because it directly prevents paying for goods not received or at prices not agreed. Most ERPs perform it, but tolerance settings, manual overrides, and non-PO invoices create gaps.
Meridian's Controls Agent tests match exceptions across the full population, including overrides and near-tolerance patterns, and raises each with the three documents side by side.
Related terms
Related agents
Agents that use this
Meridian agents whose work depends on three-way match. Each is scoped to one workflow and logs every action.
- 1.Modeled outcomes from design-partner deployments. Results vary by data quality, workflow scope, and approval policy. ↩
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