In the expenditure cycle,evaluated receipt settlement increases efficiency by

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Evaluated receipt settlement (ERS) eliminates the need for vendor invoices by automatically matching the receipt of goods or services with the purchase order. This increases efficiency by reducing the time and effort required to process and reconcile invoices. However, the expenditure cycle still requires receiving reports and, in most cases, purchase orders and checks.

In the Expenditure Cycle,evaluated Receipt Settlement Increases Efficiency by