Optimize your procurement process for cost certainty with workflow driven approval routings
Purchasing can be a time-consuming and inefficient ordeal, especially when requests for goods and services have to be processed manually using a combination of phone calls, emails, paper catalogs and faxes. NetSuite’s procurement solution helps companies buy goods and services at the best cost and in a timely manner by saving employees’ valuable time with easy-to-use capabilities, reducing costs by channeling purchases to approved suppliers and pre-negotiated contracts, and improving visibility by rendering real-time information into company spend and vendor performance.
NetSuite also streamlines and improves the accuracy of the procure-to-pay process by automating and linking key procurement transactions and providing approval and matching workflows to support internal controls and compliance requirements.
Features
Source
Use NetSuite to manage your vendors, process RFQ’s, establish contracts and enforce procurement policies.
Purchase
Automate your requisitioning and purchasing processes from our user configurable Procurement dashboard.
Pay
Easily match purchase orders, item receipts and vendor bills with configurable workflows to optimize cash flow.
Benefits
Streamline Procure to Pay
Automate business processes to reduce your average procure to pay timeline and increase cash flow.
Achieve Cost Certainty
Use NetSuite’s many costing methods to improve your costing accuracy and stabilize gross profit.
Improve Product Quality
Use our native requisition and RFQ tools to manage vendor selection and improve product quality.