Accounts Receivable (AR) Interview Question:

What is Evaluated Receipt Settlement?

Submitted by: Administrator

ERS is a business process between trading partners that conduct commerce without invoices. In an ERS transaction the supplier ships goods based upon an Advance Shipping Notice (ASN) and the purchaser upon receipt confirms the existence of a corresponding purchase order or contract verifies the identity and quantity of the goods and then pays the supplier.
Submitted by: Administrator