ERS stands for Evaluated Receipts SETTLEMENT. It refers to the process of settling down receipts of the goods in an automatic MANNER. In this process, an agreement is made between the vendor and the user that VENDORS do not prepare any invoice for the goods ordered. Rather, the system would automatically generate and post the invoice document on the basis of PURCHASE order and receipts of goods. In addition, ERS also offers the following advantages:

•  Using ERS, all the purchasing transactions are quickly closed.
•  Errors of communication are AVOIDED.
•  Invoice verification is not prone to price and quantity variances.

ERS stands for Evaluated Receipts Settlement. It refers to the process of settling down receipts of the goods in an automatic manner. In this process, an agreement is made between the vendor and the user that vendors do not prepare any invoice for the goods ordered. Rather, the system would automatically generate and post the invoice document on the basis of purchase order and receipts of goods. In addition, ERS also offers the following advantages: