Which of the following statements regarding evaluated receipt settlement (ERS) is false?
a. ERS is a system by which an organization pays for a purchase on the basis of the goods receipt.
b. ERS can reduce the costs associated with entering invoices, matching the invoice with the PO and receiving report, and resolving discrepancies between the invoice and the PO and goods receipt.
c. ERS arrangements are only made with vendors who have proven e-payment records.
d. Upon receipt of the goods, the AP/CD system compares the received quantity to the open purchase quantity and, if appropriate, makes a payment based on the price and terms on the PO.
C
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