Evaluated Receipt Settlement (ERS) is a procedure for the automatic settlement of goods receipts
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.
Evaluated Receipt Settlement (ERS), also known as “Invoice on Receipt” or “Pay on Receipt” or Self Billing Invoices (SBI), is a process whereby company creates a system invoice on behalf of the supplier for receipts booked against PO’s or BPA releases
Setups Involved
Supplier Site Should Have Purpose as “Purchasing” and “Pay”
Supplier —> Purchasing –> Self Billing Should Have Pay on As “Receipt”
Below Periods to be Open
1. GL Accounting Period
2.AP Accounting Period
3.Inventory Period
4.Purchasing Control Period
Transaction Flow
Create BPA and Release
Purchase Order Terms Should Have Pay on as “Receipt”
Approve and Create Releases
Create Receipts
Three Concurrent Will Be Triggered Serially
1.Receiving Transaction Processor
2.ADS (Pay On Receipt AutoInvoice)
3.Payables Open Interface Import
Payable Open Interface output Will Show the Invoice Details
Search For AP Invoice
AP Invoice Created as ERS
Oracle SCM 