Which of the following is NOT an advantage of evaluated receipts settlement (ERS)?
A)It compresses the approval process into a single step.
B)It requires fewer employees.
C)It saves on accounting expense.
D)It avoids the need for two signatures on a cheque.

Question

Quizplus · Accepted Answer

Evaluated receipts settlement (ERS) does not avoid the need for two signatures on a cheque, as it is not related to the payment process. Instead, it streamlines the purchasing process by automating the invoice reconciliation and payment approval. The other options are advantages of ERS.

Which of the Following Is NOT an Advantage of Evaluated