Purchasing could be a challenging and frustrating exercise.
The usual way was to process requests for goods and service manually, thus making the task inefficient and time-consuming. People use considerable back-and-phone calls, e-mails, fax machines, and even the classic paper catalogs!
NetSuite’s procurement solution promises to change all that.
It helps companies make the best – meaning timely and cost-effective – procurement decisions without the accompanying hassle. It saves your company and employees precious time through easy-to-use capabilities.
It reduces cost by channeling purchases to approved suppliers and pre-negotiate contracts. It improves visibility by rendering real-time information on what the potential spend would mean relative to the budget, and what the vendor’s performance looks like.
NetSuite’s procurement solution also streamlines and improves the accuracy of the procure-to-pay process. It automates and links key procurement transactions, and provides approval and matching workflows to support both compliance requirements and internal controls.
Streamline Procure to Pay. Automate business processes. Reduce the average procure-to-pay timeline and increase your cash flow.
Become Cost Certain. NetSuite offers numerous costing methods to improve your costing accuracy and stabilize gross profit.
Boost Product Quality. NetSuite’s native requisition and RFQ tools will help your organization manage vendor selection and improve product quality.
The features of NetSuite’s procurement solution allows you source, purchase and pay with the confidence of knowing you have all the information you need to make the best choice, and execute it well.