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… Read More
Even though AP professionals still grapple with a lack of support and funding for AP automation, many have found ways to vastly improve processing and ease into automation by streamlining their workflows.
A 2017 report from APQC, a business benchmarking and research firm, reveals that we’re still spending too much time on transaction processing.
Introduction to AP Analytics
- Improving processes
- Automating manual processes
- Managing time/improving productivity
- Increasing on-time payments