Evaluated Receipt Settlement (ERS) - Automatically generate invoices upon product receipt
Evaluated receipt settlement (ERS) is a process of paying for goods and services from a packing slip rather than manually generating an invoice document. Enable the ERS functionality based on vendors, purchase order lines, and/or purchasing trade agreement lines; and save time and money required to enter, match and approve invoices.
The concept is simple: If your Purchasing Department
and your suppliers can agree on details for what is being
purchased and at what price, the Accounts Payable
process can be all but eliminated, with invoices generated automatically once ordered items are
recorded as being received.