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Finance & Accounting

Jargon: Evaluated Receipt Settlement (ERS)

by Prasad on Jan.07, 2010, under Finance & Accounting, Operations

Evaluated Receipt Settlement (ERS) is an EDI (Electronic Data Interchange) procedure, part of Supply Chain Management.  It was pioneered by GM to address the issues associated with payments against invoices (bills) for goods received. ERS is valid in India. (continue reading…)

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