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What is evaluated receipt settlement?

What is evaluated receipt settlement? ERS

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Question added by bilal nazir , Senior Accountant , Dubai Link Tours L.L.C
Date Posted: 2014/01/31
Suresh Mishra
by Suresh Mishra , Oracle Fusion Finance Consultant , High Noon (Deloitte Usi)

Pay on Receipt (also known as ERS (Evaluated Receipt Settlement) or Self-Billing) is an Oracle Purchasing's concurrent program, which automatically creates invoices in Oracle Payables and matches them with PO's automatically for the received amount. The short name for the program is POXPOIV.

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