(E) 6 terms
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Electronic Data Interchange Created Feb 27, 2020 (14:47) by Erika Solovjova

Definition

Is the concept of businesses electronically communicating information that was traditionally communicated on paper, such as purchase orders and invoices.

Abbreviation(s)

    EDI

Label(s)

Electronic invoice Created Feb 27, 2020 (14:47) by Erika Solovjova

Definition

E-invoice is sent electronically via the Internet and can be integrated into the organization, supplier, and/or customer's accounts payable system.

Abbreviation(s)

    E-invoice

Label(s)

Enterprise Resource Planning Created Feb 27, 2020 (14:47) by Erika Solovjova

Definition

Refers to the integrated management of the core business process, usually in real-time and handled via updated technologies and software. The technologies provide financial intelligence, analytics, and visibility. ERP systems track business resources - cash, raw materials, production capacity - and the status of business commitments: orders, purchase orders, and payroll.

Abbreviation(s)

    ERP

Label(s)

Evaluated Receipt Settlement Created Feb 27, 2020 (14:47) by Erika Solovjova

Definition

The process of settling goods receipt automatically. The Vendor Invoices are posted automatically (without actually receiving from the vendor) in the system based on the information in the purchase order and goods receipt.

Abbreviation(s)

    ERS

Label(s)

Expense Management System Created Feb 27, 2020 (14:47) by Erika Solovjova

Definition

A system deployed by a business to process, pay, and audit employee-initiated expenses.

Abbreviation(s)

    EMS

Label(s)

Europe, Middle East and Africa Created Feb 27, 2020 (14:59) by Erika Solovjova

Definition

 

Abbreviation(s)

    EMEA

Label(s)