Lasso streamlines the critical steps of goods receipt and payment processing, bridging the gap between procurement and finance.

Improved Accuracy in Goods Receipt:
Lasso matches received goods against purchase orders instantly, ensuring quantities, items, and conditions align with what was ordered. This reduces errors like accepting overages, shortages, or damaged items.

Efficient Three-Way Matching:
Seamlessly perform a three-way match by comparing purchase orders, receiving documents, and supplier invoices before payment. This ensures consistency across all three records, catching discrepancies early and preventing overpayments or fraud.

Faster Invoice Processing:
Automating invoice capture, validation, and approval cuts down on manual data entry and speeds up the payment cycle. Optical character recognition (OCR) and integration with PO systems ensure invoices are processed accurately and on time.

Increased Efficiency:
Eliminate paper-based processes and repetitive tasks like manual logging or chasing approvals. Staff can focus on higher-value work, such as resolving exceptions or negotiating with suppliers, rather than clerical duties.

Real-Time Visibility:
Track the status of deliveries and invoices in real time via dashboards. This transparency helps managers monitor cash flow, outstanding liabilities, and inventory updates without digging through paperwork.

Better Vendor Relationships:
Prompt and accurate invoicing ensures suppliers are paid on time, fostering trust and reliability. Discrepancies can be flagged and resolved quickly, reducing disputes and delays.

Compliance and Audit Readiness:
Every receipt and invoice is logged with timestamps, approvals, and supporting documents, creating a clear audit trail. This simplifies compliance with tax laws, financial regulations, and internal policies.

Reduced Fraud Risk:
Automated checks and approval workflows limit opportunities for fraudulent invoices or unauthorized payments. The system flags anomalies, such as unverified suppliers or mismatched data, for review.