eProcurement & punchout

Amazon launches an app for quick reconciliation

Amazon Business has launched 3-Way Match on the Amazon Business mobile app to help business customers improve their smart business-buying strategies and automate reporting. Now available in the U.S., the new 3-Way Match app enables account administrators and approved buyers to use a mobile device to simply scan the barcode of a package when it arrives and automatically mark the item as received. With this new feature, the nearly 1 million active users on the Amazon Business mobile app in the U.S. have a simple and quick way to close purchase orders—anywhere, anytime—at no additional cost, Amazon says.

Amazon Business helps businesses with management controls and analytic tools, all within the familiar experience of Amazon. Among those tools is 3-Way Match, a common accounting control to ensure that a business’ purchase payments are received, accurate, and complete. Until now, it was cumbersome to use because it was only available on desktop or via handheld scanners. The mobile version adds the extra flexibility of being able to complete a 3-Way Match in real-time from anywhere. A successful 3-Way Match includes matching and verifying the purchase order, the invoice, and the receipt before a payment is made.

“Manual processes cannot be scaled efficiently, especially for large organizations,” said Doug Gray, vice president of technology at Amazon Business. “Integrating our 3-Way Match capability on the Amazon Business mobile app simplifies the process so customers can reconcile their purchases in seconds.”

With 3-Way Match, accounts payable and procurement teams can protect their organization from paying for incorrect invoices, items not yet received, or fraudulent purchases—all while automating the process to save a significant amount of time. This helps businesses of all sizes improve efficiency and reporting capabilities while also reducing time spent on manual data entry and avoiding payment for damaged or incorrect packages, Amazon says.

Want to become a member?

Become a member of the B2B eCommerce Association for free today. Connect, learn and find new opportunities. 

About the B2BEA

The B2B eCommerce Association is a global network and resource hub for B2B practitioners, offering invaluable opportunities to connect and learn. Our mission is to empower manufacturers and distributors in their eCommerce and digital transformation journeys through useful tools, practical resources and exceptional networking opportunities. Join us to thrive in our dynamic industry

Want to become a member?

Become a member of the B2B eCommerce Association for free today. Connect, learn and find new opportunities. 

Recommended