What is Evaluated Receipt Settlements in SAP SRD-SRM-SI - SRM-Supplier Invoicing?

SAP Term: Evaluated Receipt Settlements

• Component: SRD-SRM-SI

• Component Name: SRM-Supplier Invoicing

• Description: A work center view that enables you as an accountant to access all the details of the evaluated receipt settlements that are set up in the system. Evaluated Receipt Settlements is also a business option that enables your company to automate the invoicing process by automatically creating and posting invoices and credit memos on behalf of certain suppliers, based on purchase order prices as well as goods and services receipts.

Smart SAP Assistant

• Key Concepts: 
  Evaluated Receipt Settlements (ERS) is a feature of SAP Supplier Invoicing (SRM-SI) that allows for the automatic settlement of goods and services received from suppliers. It is based on the receipt of goods and services, rather than on the invoice. This means that the supplier is paid based on the actual goods and services received, rather than on the invoice amount. 
  
  How to use it: 
  To use ERS, you must first set up a supplier in SAP SRM-SI. Once the supplier is set up, you can then configure ERS to automatically settle invoices from that supplier. This includes setting up payment terms, payment methods, and other details. Once configured, ERS will automatically settle invoices from that supplier based on the receipt of goods and services. 
  
  Tips & Tricks: 
  When setting up ERS for a supplier, it is important to ensure that all payment terms and payment methods are correctly configured. This will ensure that payments are made in a timely manner and that any discrepancies between the invoice amount and the actual goods and services received are resolved quickly. 
  
  Related Information: 
  For more information about Evaluated Receipt Settlements in SAP SRM-SI, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SRM_SI/7.0/en-US.