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 catalogues 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 channelling 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.
Configure NetSuite to comply with your company’s policies for procurement with automated requisitioning.
Simply and easily manage and maintain all ne and open orders from our user configurable Procurement dashboard.
Automate business processes to reduce your average procure to pay timeline and increase cash flow.
Use NetSuite’s many costing methods to improve your costing accuracy and stabilise gross profit.
Use our native requisition and RFQ tools to manage vendor selection and improve product quality.