Evaluated receipt settlement (ERS) is a process by which an organization pays for a purchase on the basis of the goods receipt.

Name: Evaluated receipt settlement (ERS) is a process by which an organization pays for a purchase on the basis of the goods receipt.
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In ERS, the payment is made based on the receipt of goods and no invoice is required. This helps in simplifying the payment process and reducing the workload of the accounts payable department.

Evaluated Receipt Settlement (ERS) Is a Process by Which an Organization