Which statement is true about No-release Order Contracts?

The statement that No-release Order Contracts allow direct receiving and invoicing is accurate because these contracts are designed to streamline the procurement process. In such contracts, the buyer and supplier have established agreed terms that facilitate immediate invoicing at the time of delivery or receipt of goods or services without the need for a separate release order to trigger that process. This makes purchasing and supplier engagement more efficient, especially when ongoing transactions are involved and where standardization of terms has been previously established.

Moreover, No-release Order Contracts are utilized precisely to avoid the bureaucratic steps that may delay invoicing and payments, providing a more seamless workflow from receiving goods to processing invoices. This arrangement allows businesses to maintain better cash flow management and enhance supplier relationships by ensuring that billing occurs promptly upon fulfillment of contract terms.