Michigan Request for "Matching" Payment

State:
Michigan
Control #:
MI-OAK-63
Format:
PDF
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Description

Request for "Matching" Payment Michigan Request for “Matching” Payment is a payment process for certain state agencies in Michigan. This payment process is an electronic matching process that verifies that the payment request has been paid and that the payment request matches the original invoice. This process is used to ensure that the state agency is paying the correct vendor and is also used to prevent fraud. The two types of Michigan Request for “Matching” Payment are the Standard Matching Payment and the Reverse Matching Payment. The Standard Matching Payment is the most common form of this payment process and involves the state agency submitting a payment request to the vendor that includes the vendor’s invoice and the amount due. The vendor then submits the payment request along with an electronic invoice to the state agency for verification. If the payment request matches the original invoice, the state agency will approve the payment. The Reverse Matching Payment is a less common form of this payment process and involves the state agency submitting an invoice to the vendor before the payment request is made. The vendor then verifies the invoice and if it matches the original invoice, the vendor will submit the payment request to the state agency. The state agency will then approve the payment if the payment request matches the original invoice. Overall, Michigan Request for “Matching” Payment is a payment process used by certain state agencies in Michigan to verify that the payment request matches the original invoice and that the correct vendor is being paid. There are two types of Michigan Request for “Matching” Payment: Standard Matching Payment and Reverse Matching Payment.

Michigan Request for “Matching” Payment is a payment process for certain state agencies in Michigan. This payment process is an electronic matching process that verifies that the payment request has been paid and that the payment request matches the original invoice. This process is used to ensure that the state agency is paying the correct vendor and is also used to prevent fraud. The two types of Michigan Request for “Matching” Payment are the Standard Matching Payment and the Reverse Matching Payment. The Standard Matching Payment is the most common form of this payment process and involves the state agency submitting a payment request to the vendor that includes the vendor’s invoice and the amount due. The vendor then submits the payment request along with an electronic invoice to the state agency for verification. If the payment request matches the original invoice, the state agency will approve the payment. The Reverse Matching Payment is a less common form of this payment process and involves the state agency submitting an invoice to the vendor before the payment request is made. The vendor then verifies the invoice and if it matches the original invoice, the vendor will submit the payment request to the state agency. The state agency will then approve the payment if the payment request matches the original invoice. Overall, Michigan Request for “Matching” Payment is a payment process used by certain state agencies in Michigan to verify that the payment request matches the original invoice and that the correct vendor is being paid. There are two types of Michigan Request for “Matching” Payment: Standard Matching Payment and Reverse Matching Payment.

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Michigan Request for "Matching" Payment