Quittance Blog
The Quittance blog
Notes on accounts payable, invoice review, and the work of closing the books.
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Welcome to the Quittance blog
A short note on what we will write about here - accounts payable, invoice review, and the work of closing the books.
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How Does Three-Way Invoice Matching Work, and Where Does It Fall Short?
Three-way invoice matching checks a PO, receipt, and invoice before payment. Here's how the check works, and the errors it still misses.
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What Does It Really Cost to Process One Invoice?
APQC and Ardent Partners benchmark data on what it actually costs to process one invoice manually versus with automation, and why the number varies so much.
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Why Duplicate Payments Happen in Accounts Payable
Duplicate payments rarely trace to one careless click. They trace to gaps in matching, vendor data, and approval routing that let the same bill through twice.
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Duplicate Payment Fraud: Risks and Controls
What duplicate payment fraud actually costs, how it slips past AP review, and the controls that catch it before the money is gone.
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AI-Generated Fake Invoices Are Now Passing AP Review. Here's What Catches Them
AI-generated invoices can look perfect and still fail an agreement check. Here's what to verify before you approve the next one.
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What Are Duplicate Payments and How to Prevent Them
Duplicate payments cost the average company 0.8%-2% of disbursements. Here is what causes them and how AP teams catch them before they go out.
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New Data: Manual AP Teams Lose Money to Fraud Twice as Often
New survey data: manual AP teams lost money in 42% of fraud attempts vs 22% for mixed automation. Here's the control gap, and how to close it.
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What Is Invoice Matching Software? 2-Way, 3-Way, 4-Way Explained
What invoice matching software checks, how 2-way, 3-way, and 4-way matching differ, and where PO-based matching misses rate-card and contract errors.
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What Is Invoice Fraud? Types, Warning Signs, and How to Prevent It
What invoice fraud is, the tactics behind it, and the AP controls that catch a fraudulent invoice before it gets paid.