Talk:ERS
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Evaluated Receipts Settlement (ERS) is used by companies to pay for goods and services from the receipt data rather than from the supplier’s invoice. ERS allows companies to better manage the negotiated payment terms by eliminating invoice to purchase order matching and reconciling. It eliminates paper invoices and automates the billing process. The payee uses data in the packing slip to apply the payments. Accurate data in the packing slip is essential in ERS in order for the buying company to issue the correct payment and for the payee to be able to apply the payment. Some companies also require specific data on a bar code. It won't eliminate paper invoices completely but it's an effective way to reduce paper invoices if your company isn't able to use other technologies like the Internet, EDI, etc. to go paperless.
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