Oracle NetSuite

Procurement

Helps your business control spending by effectively managing vendor relationships and automating purchase processes

Oracle NetSuite

Simplify and automate your Procurement Operations

Gain visibility, improve control, and eliminate manual work through automation and real-time insights.

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Effectively Manage Vendor Relationships, Source-To-Pay Processes and Control Spend​

Oracle NetSuite Procurement is designed to streamline the purchasing of goods and services for businesses, ensuring cost-effective and timely procurement through the routing of purchase orders to approved suppliers and negotiated contracts.

Oracle NetSuite Procurement Management Solutions

Provides a centralized repository for all vendor information, including contact details, performance history, and contract terms. This allows for better vendor relationships, streamlined communication, and improved vendor selection.

Provides a hub for buyers and suppliers to collaborate on new and existing projects. This not only eliminates email tag, it keeps all communications, documents and proposals in one place and associated with the correct vendor record.

Maintains a comprehensive catalog of items offered by vendors, including descriptions, pricing, and availability to ensure accurate ordering and help control costs.

Enables businesses to solicit competitive bids from multiple vendors for specific goods or services to secure the best possible pricing.

Tracks outstanding vendor payments and provides insights into payment schedules to manage cash flow and avoid late payment penalties.

Allows for the creation of pre-approved purchase orders for recurring purchases over a specified period. This simplifies ordering and reduces the need for individual POs for routine items.

Facilitates internal requests for goods or services from employees. This ensures proper authorization and helps control spending.

Generates formal purchase orders based on approved requisitions or direct requests to create a legally binding agreement with the vendor.

Routes purchase orders through a defined approval process based on predefined rules and hierarchies to ensure proper authorization and compliance.

Provides real-time visibility into key procurement metrics, such as purchase order status, spend analysis, and vendor performance. 

Records the receipt of goods or services from vendors, ensuring accurate inventory management and reconciliation with purchase orders.

Captures and processes vendor invoices, including matching them against purchase orders and receipts to ensure accurate payment and prevent discrepancies.

Compares the purchase order, item receipt, and vendor invoice to ensure accuracy and prevent fraud. 

Facilitates the payment of vendor invoices through various methods, such as electronic funds transfer or checks. 

What We Provide

CloudTech Industry Expertise

CloudTech specializes in implementing solutions to different industries, for Wholesale, Manufacturing, Construction and Real Estate, Services, Pharma and Healthcare, Retail and Bank and Finance

Wholesale and Distribution

Manufacturing

Construction & Real Estate

Services

Pharma and Healthcare

Retail

Bank and Finance

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Consultation Today!

Every system requirement is unique so scheduling a scoping meeting with us can help us provide the right solution for you.

Here are some of the key benefits you can expect when working with CloudTech:

  • Evaluation of your current business processes
  • Customized solutions tailored to your business needs
  • Expert implementation, training, and ongoing support
  • Proactive monitoring and maintenance to ensure your system runs smoothly
  • Flexible pricing options to fit your budget.

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