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Please explain: • Automation of Accounts Payable
activities (Evaluated Receipt settlement)
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Answer / tangudu arun kumar
Similar to Auto invoice in AP ,based on the Receipt the
sysytem would generate the AP invoice Automatically.
The Invoice number would have started with ERS.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sailaja
Payment on receipt enables u to automatically create
std,unapproved invoices for payment of goods based on
receipt transaction.Invoices r created using a combination
of receipt & PO info,eliminating duplicate manual data
entry and ensuringmaccurateand timely data processig.
Paymrnt on receipt is also known as Evaluated Receipt
Settlemnt(ERS)& Self Billing
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / guest
Pay on Receipt (also known as ERS (Evaluated Receipt Settlement) or Self-Billing) is an Oracle Purchasing concurrent program, which automatically creates invoices in Oracle Payables and matches them with PO's automatically for the received amount. The short name for the program is POXPOIV. The Concurrent program Name is :
“Pay On Receipt AutoInvoice”
| Is This Answer Correct ? | 1 Yes | 0 No |
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