Whitepaper

Wasting time in Manual Invoicing? Switch to ERS!

Wasting time in Manual Invoicing? Switch to ERS!

– Hexaware’s whitepaper introduces Evaluated Receipt Settlement (ERS) as an alternative to manual invoicing.
– ERS lets companies pay suppliers based on receipt records rather than processing supplier invoices.
– ERS’s financial benefits, purchasing and receiving gains, and adoption challenges factor into the decision.

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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