Errors are produced by vendors on an average of 3.6% of all invoices, highlighting the need for an effective three way match process or some other close cross checking of purchase orders with receiving documents and invoices. Best practice firms are able to drive this error rate to below 1%. Over one-third of all companies however, suffer from incoming error rates of 3% or more. By industry, the highest error rates appear in transportation, communications, utilities, government and manufacturing.

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