Evaluated Receipt Settlement (ERS)

Evaluated Receipt Settlement (ERS) is a methodology that eliminates the supplier invoice from the procurement-to-disbursement process. It is also called auto-payment, and utilizes a two-way rather than a three-way match. In an ERS transaction, the supplier issues an advanced shipping notice (ASN) based on a purchase order or contract from the purchaser, then ships the goods. The purchaser, upon receipt of the shipment, confirms it against the purchase order, verifies the items and quantity and…