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Discover streamlined efficiency and accuracy in your supply chain with Oracle ERP Cloud's Evaluated Receipt Settlements (ERS) solution. Optimize your procurement processes and reduce manual intervention for faster, error-free invoicing and payments.
In the realm of automated invoicing, it might come across the term “Payment on Receipt Auto Invoice Program,” which is alternatively referred to as “Evaluated Receipt Settlement” (ERS) and “Self-Billing.” This innovative system leverages the details from both the receipt and purchase order to generate invoices, effectively eradicating the need for redundant manual data input. By doing so, it not only streamlines the invoicing process, but also guarantees precision and punctuality in data handling.
ERS, often known as the “Pay on Receipt” program, stands as a widely adopted and standardized approach for the automated creation of payable invoices based on purchase order receipts. This method brings a significant level of automation to the invoicing procedure, significantly reducing the workload associated with manual data entry.
Fig 1. Pay on Receipt Check box enabled in Supplier Site Level
Fig 2. Role and Privilege
Fig 3. Transaction Source in Schedule Programme
Fig 4. Create Purchase Order Navigation
Fig 5. Create Purchase Order Navigation
Fig 6. Pay on Receipt Check box in PO Header
Fig 7. PO Line Details
Fig 8. PO Schedule Details
Fig 9. PO Distributions Details
Fig 10. Create PO Confirmation Details
Fig 11. PO Receipt Navigation
Fig 12. Receipt Creation Details
Fig 13. Received quantity and subinventory Details
Fig 14. Receipt Submission Screen
Fig 15. Receipt creation confirmation
Fig 16. Navigation for Scheduling the Job
Fig 17. Send Pay on Receipt Schedule process Details
Fig 18. Send Pay on Receipt Job Confirmation and Process ID details
Fig 19. Schedule Process Status
Fig 20. Import Payable Invoice Report Export Options
Fig 21. ERS invoice Details
Fig 22. PO Life Cycle Details
Below are the limitations of Oracle ERP Cloud Evaluated Receipt Settlements (ERS):
Here are the compelling benefits that Oracle ERP Cloud Evaluated Receipt Settlements (ERS) offers:
Author: Srinivas Mamidi, Oracle Cloud SCM Functional Consultant
Simplify Processes, Improve Productivity, & Increase ROI with the future-proof & AI-driven Oracle ERP Cloud.
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