What is evaluated receipt settlement in SAP MM-IV - Invoice Verification?

SAP Term: evaluated receipt settlement

• Component: MM-IV

• Component Name: Invoice Verification

• Description: A procedure for automatic settlement of goods receipts. Evaluated receipt settlement involves an agreement between the vendor creditor and the buying entity that the former does not issue invoices for purchasing transactions. Instead, the invoice document is posted automatically in the buying entity's system on the basis of data from the PO and goods receipts. The use of this data precludes invoice variances too high a price, for example.

Smart SAP Assistant

• Key Concepts: 
  Evaluated Receipt Settlement (ERS) is a process in SAP Materials Management (MM) Invoice Verification (IV) that allows for the automatic settlement of goods receipts and invoices. It is used to ensure that goods are received and invoiced correctly, and that the correct payment is made. 
  
  How to use it: 
  In order to use ERS, the user must first set up the system to recognize the goods receipt and invoice documents. This includes setting up the vendor master data, material master data, and purchasing info records. Once these are set up, the user can then enter a goods receipt document and an invoice document into the system. The system will then automatically compare the two documents and settle them accordingly. 
  
  Tips & Tricks: 
  When setting up ERS, it is important to ensure that all of the necessary documents are entered into the system correctly. This includes making sure that all of the vendor and material master data is accurate, as well as ensuring that all of the purchasing info records are up-to-date. Additionally, it is important to make sure that all of the documents are entered in a timely manner in order for ERS to work properly. 
  
  Related Information: 
  For more information on ERS, please refer to SAP Help documentation or contact your local SAP support team. Additionally, there are many online resources available that provide detailed information on how to set up and use ERS in SAP MM IV.