What is a highly-automated business process between suppliers and purchasers to exchange data electronically and electronically execute a purchase transaction called?
A)Evaluated Receipts Settlement
B)Completeness of cash disbursements
C)Evaluation of Receipts Settlement
D)Cash disbursements

Question

Quizplus · Accepted Answer

Evaluated Receipts Settlement (ERS) is a highly-automated business process between suppliers and purchasers to exchange data electronically and electronically execute a purchase transaction. It eliminates the need for a separate invoice from the supplier and automatically triggers payment once the goods or services are received and accepted by the purchaser. Options B, C, and D relate to different aspects of cash disbursements and are not relevant to the question.

What Is a Highly-Automated Business Process Between Suppliers and Purchasers