Evaluated Receipt Settlement: Can It Save AP Time and Money?

January 1, 2015

Evaluated Receipt Settlement (ERS) is a procedure for the automatic settlement of goods receipts. It was pioneered in the U.S. by Ford Motor Company (having learnedit from Mazda) to save the company time and money. The major benefits of ERSinclude invoice variance prevention, the elimination of non-value-added work (like tasks associated with reconciliation), and the...

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