from Version IP7.3T2 previous versions
When using the QuickMatch straight through approval process, an eligible vendor is identified and a dollar limit is defined in the IP- Company Records - Vendor Master Record.
When the criteria are met, and the invoice amount is less than or equal to the defined QuickMatch dollar limit, the invoice is considered “pre-approved” and moves directly to the completion process (“IP – 4 Completion” workflow). If a vendor invoice is over the predefined dollar limit it is identified as an exception. This invoice can proceed in the process and will go through the approval workflow process based on the business rules set up.
How does the QuickMatch work?
from Version IP7.3T2 previous versions
When using the QuickMatch approval process an eligible vendor is identified and a defined dollar limit is maintained in the vendor master record.
When the criteria are met, and the invoice amount falls under the QuickMatch dollar limit, the invoice is considered “pre-approved” and moves directly to the completion process (“Book and Pay”). If a vendor invoice is over the predefined dollar limit it is flagged as an exception and will go through the approval workflow process based on the business rules set up.