Overview:
- Learn how compare prices feature works.
The Compare Prices feature in Ocerra enables users to easily identify discrepancies and ensure pricing consistency across invoices by searching for previous invoices from the same vendor and comparing line items based on item code or description.
How to enable compare prices parameter
1. Click settings then navigate to General
2. Toggle on "Compare Prices" parameter.
Note: If you hover your mouse over the "Compare Prices" parameter, it will display the message "If ticked, compare prices with the previous invoice.
3. Click Save.
How it Works:
Price Increase: If the current invoice reflects a price increase compared to previous invoices, Ocerra flags the amount with an upward arrow in red and displays the percentage increase.
Price Decrease: If the current invoice shows a price decrease, Ocerra flags the amount with a downward arrow in green and displays the percentage decrease.
When processing an invoice, Ocerra compares the line items with previous invoices from the same vendor. If discrepancies are detected in pricing, the system flags the amount with an upward or downward arrow, indicating price changes. Additionally, a percentage change is displayed so you will see the price variation.
Hovering over the flagged amount reveals details of the comparison, including the previous and current unit amounts. Users can click on the flagged amount to access the previous invoice for further comparison.
The system calculates the median and average prices based on previous invoices. Ocerra considers the previous 10 invoices folder in the invoices section for comparison.
Currently, invoices archived are not included in the comparison.