Tolerance rate is a deviation between the Purchase order and the Invoice created by the supplier for this purchase order. 

Precoro supports matching Invoices against the Purchase order.

Using tolerance rate in Precoro helps to solve following problems: 

  • saves time on approving Invoices that corresponds with tolerance rate deviation; 
  • helps in ensuring that your suppliers are invoicing you accurately.

Precoro uses matching and approves automatically invoices that correspond to Tolerance rate and put other invoices for further review. 

How do our clients use Tolerance Rate?

The client sets up a tolerance rate individually for each supplier and places orders for them. 

If supplier's invoice exceeds TR level, it is sent to the purchase order initiator for approval (see the sample below, it shows the difference between the original Purchase Order and Invoice received from supplier). 

If Tolerance rate is okay - the Invoice becomes approved automatically and is sent for payment.  

Also, there are a detailed info about the products, prices and quantities that were changed are shown there.