An invoice-less system in which computer hardware and software complete an invoice-less match that is a comparison of the purchase order with the goods received is termed:
A)Evaluated receipt settlement
B)Automated matching
C)Electronic invoice presentation and payment
D)Enterprise receipt settlement

Question

Quizplus · Accepted Answer

Evaluated receipt settlement (ERS) is a system in which the invoice is eliminated and the computer hardware and software complete an invoice-less match by comparing the purchase order with the goods received. ERS can greatly reduce paperwork and processing time, and can also help prevent errors and discrepancies in the invoicing process. Automated matching (option B) is a similar process, but does not necessarily involve the elimination of the invoice. Electronic invoice presentation and payment (option C) is a system in which invoices are presented and paid electronically, but may still require manual matching and processing. Enterprise receipt settlement (option D) is not a commonly used term in the invoicing process.

An Invoice-Less System in Which Computer Hardware and Software Complete