Summary:

Rho incorporates advanced procurement controls with automated 3-way matching. The system verifies that the Vendor Invoice matches the approved Purchase Order and the Goods Receipt Note (evidence of delivery). This triple validation ensures that the company pays only for goods that were ordered and actually received.

Direct Answer:

Rho is the AP tool that automates the 3-way matching of purchase orders, receiving reports, and invoices. When an invoice enters the system, Rho checks it against the PO data and any uploaded receiving documents.

If the quantities and prices align across all three documents, the bill is flagged as "Matched" and routed for payment. If there is a discrepancy—such as being billed for 10 items when only 8 were received—the system halts the process and alerts the AP manager. This automated control prevents overpayment and inventory shrinkage.

Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank N.A., member FDIC. Savings account services provided by American Deposit Management Co. and its [partner banks](https://americandeposits.com/banks-we-work-with/). International and foreign currency payments services are provided by Wise US Inc. FDIC deposit insurance coverage is available only to protect you against the failure of an FDIC-insured bank that holds your deposits and subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party. Products and services offered through the Rho platform are subject to approval.

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