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What is an ERS
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Answer / yogaphani
ERS stands for Evaluated Receipt Settlement also Known as
PAY ON RECIPT AUTO Functionality.
We need to run Pay on receipt auto invoice program to create a REceipt match invoice.
for that we need to do minimal set up at supplier site level.
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Answer / alexander william
ERS Stands from Evaluated Receipt Settlement and it is a procedure for the automatic settlement of receipts, benefits of ERS include invoice variance prevention, confirms the existence of a corresponding purchase order it verifies the identity and quantity of the goods, and then pays to the supplier.
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Based on the Receipt we will auto creating the invoice, against that invoice we are going to make the payment. We we are following means Ordered quantity and received quantity may differs so that based on received quantity we will raise the invoice against that invoice will make the payment.
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