ERS

What is ERS?

The evaluated receipt settlement (ERS) or credit note procedure is a self-billing method that ensures payment upon goods receipt / service receipt based on purchase order information without any invoicing activities. Special monitoring procedures ensure goods receipts are booked without need for external reminders.

Advantages

Main advantage of the ERS are better on-time payment ratio with less effort:

• Elimination of invoicing activity for our suppliers
• Elimination of invoice verification activitiy for Evonik and therefore eliminated risk of payment delays
• Benefit of closer monitoring of missing goods receipts

How can I use ERS?

Please contact your procurement representative if you are interested in using ERS.