What is Evaluated Receipt Settlement (ERS) or Self Billing?
•Self Billing is a paperless invoicing method which creates an invoice once a material receipt is entered into the GEHC ERP system by GEHC.
•Suppliers do not submit an invoice as the invoice is automatically created and emailed to the supplier at time of receipt.
•Invoice payment is scheduled per applicable terms outlined in the GEHC/Supplier agreement and the Invoice amount is calculated using the receipt quantity and GE’s purchase order (PO) unit price at time of receipt.
•The Invoice date is actually the date the receipt is entered into the ERP.
What are the benefits of Evaluated Receipt Settlement (ERS) or Self Billing?
•Eliminates the need for paper invoices between GEHC & suppliers as all transactions are electronic.
•Significantly improves GEHC’S payment on time to the supplier.
•Improves the invoicing accuracy of both pricing & quantity.
•Automation of manual processes eliminates much of the non-value added activity associated with payables & receivables.
•Adoption of the modern industry standard AP process (e-invoicing).
GEHC utilizes an electronic receipt settlement invoicing program known as ERS. As a participating supplier, you will not be required to send in invoice on this program as an invoice will automatically be created in our system when the receipt is submitted. Suppliers that ship goods &/or services into the United States and Japan may be automatically enrolled in ERS. All other suppliers may be eligible for ERS enrollment based on local jurisdiction. If ERS eligible, representatives of GEHC will notify supplier of the participation requirements and next steps.