Invoice processing, in any type of business is a huge task, especially manual invoicing. But surprisingly, most business in the world are still practicing it. However the solution is right here – Evaluated Receipt Settlement (ERS). ERS is a process that allows customers to make supplier payments based on the records and not on the basis of the supplier invoices. It eliminates the need for supplier to prepare and furnish an invoice which the customer then processes.
This whitepaper will explore:
- Detailed working of ERS
- Key financial benefits
- Benefits in Purchasing and receiving functions
- Challenges faced while using ERS
And many more…
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