Home / How it Works
Commanding Invoice Integrity: Transparency, Visibility, and Accuracy
Validating invoice costs can be overwhelming, leading to overpayments and underbilling. 3rd Armor simplifies this process by providing clear visibility into all material and item costs, verifying them against your expected prices. Our service eliminates financial waste and allows for control over your supply costs, whether you closely monitor your invoices or struggle with the volume.
HOW IT WORKS
A Seamless Process
3rd Armor revolutionizes invoice management with AI-powered OCR technology for precise material cost validation. We build a detailed database of your suppliers, and all parts and pricing associated with each supplier. The software will then autonomously flag invoice cost disputes in real time. Upgrade to the Premium version for personalized dispute management by a dedicated professional, ensuring seamless accuracy and efficiency. Experience a new standard in invoice handling.
- Easy sign-up and configuration process
- Real-time detection of distributor invoices not aligned with your expected pricing
- Dispute invoice pricing errors with the click of a button
- Visibility into pricing errors, and legitimate increases not communicated by suppliers
Direct To Your Bottom Line: Spotlighting Lost Money- Before You Lose It
Intelligent Data Extraction Enhanced with AI
Setting ourselves apart, our system utilizes cutting-edge AI-infused OCR technology. When you receive an invoice from a distributor, our system recognizes it, employing AI and Machine Learning to read and match costs with your master database, ensuring unparalleled accuracy.
Your Database: Every Supplier, Every Part, Every Price
Access to the most robust, comprehensive vendor database. We build you a catalog of all suppliers, all parts specific to each supplier, and all prices specific to each part per supplier. You will now have access to current material costs, all items, all vendors.
Advanced Dispute Handling Process
Effortlessly audit and dispute invoice discrepancies with our One Click Invoice Disputing feature. Our system identifies incorrect line item prices, quarantines the invoice, and enables users to instantly email the supplier for clarification, ensuring accurate and efficient invoice management.
Know Your Actual Material Cost for Every Item & SKU- Before You Pay
Knowing your actual material costs before paying your invoices is critical to protecting your margins. Prices can fluctuate due to uncommunicated supplier increases or accidental mischarges, and these discrepancies can go unnoticed until it’s too late. With our software, you gain real-time visibility into every item and SKU, allowing you to catch price discrepancies before payment. This ensures that you’re only paying the correct amounts and protecting your business from unnecessary overcharges or hidden cost increases.
