Evaluated Receipts Settlement (ERS)

Evaluated Receipts Settlement (ERS) is an automated method of creating invoices and paying a vendor based on the receiver. After you have established an agreement with a vendor to process invoices using ERS, specific setup is required in Payables andPurchasing. ERS is a process for authorizing payment for a product that compares expected receipts with actual receipts and pays in actual receipts with no invoice. This process is largely used where prices have already been agreed to in a contract or blanket order.