Automate Your Accounts Payable – QAD’s Evaluated Receipts Settlement
Posted on: March 29, 2019 | By: Andy Vitullo | Uncategorized, QAD Financials, QAD Business Process, QAD Distribution, Professional Services
Included with your QAD Enterprise Edition Bundle of Software are several programs that enable Evaluated Receipt Settlement (ERS). ERS is an automation tool that converts an electronic purchase order receipt into a supplier invoice.
Critical to ERS processing are accurate purchase orders. Accurate purchase orders imply accurate purchase order lines with accurate quantities, accurate units of measure and accurate pricing. The packing list number on the shipment from the supplier becomes the supplier invoice number for the referenced document number on the payment remittance.
Upstream adherence to data and business process is required to enable a robust ERS processing environment. The suppliers with agreed upon pricing along with pricing tables inside of QAD are you prime candidates for ERS.
Reduce your transaction costs, reduce your overhead, Increase your Profitability!