NetSuite Procurement helps companies procure goods and services at the best price and on time by routing orders to approved suppliers and predefined contracts. It saves time and money by centralizing supplier and procurement process management. Real-time insights into spending and supplier performance improve transparency and facilitate communication throughout the procure-to-pay process. All procurement-related information — from transactions and records to supplier performance and department-wise spending — is consolidated in the procurement dashboard.
Increased profitability. Easily accessible information about all items a supplier provides enables purchasing managers to negotiate better contracts and leverage economies of scale.
Better transparency. All supplier information and related projects are centralized in one place, allowing buyers easy access to complete and relevant data.
Improved supplier relationships. Suppliers and buyers can collaborate in real time via the supplier portal, easily sharing documents and ideas.
Cost control. Purchase orders set the costs for requested items and prevent unexpected price increases as well as invoices that do not match the order.
Discrepancy detection. Three-way matching highlights discrepancies between purchase orders, goods receipts, and invoice documents.
Poor supplier communication. The supplier portal provides a central place where suppliers and purchasers can communicate, collaborate, and store all relevant project details and documents.
Supplier compliance. Ensure that suppliers understand and comply with applicable regulations and company standards.
Unnecessary expenses. Approval processes ensure that purchase requests are approved before being converted into orders and sent to the supplier.
Inaccurate data capture. At goods receipt, mobile scanners can be set to “force scan” to ensure that all relevant data is captured before items can be accepted.
Manual processes. Minimize manual processes in creating new purchase orders to suppliers by utilizing existing purchasing contracts and blanket orders.
Poor supplier performance. Use simple workflows and supplier rating to effectively monitor supplier performance.
Companies of all sizes — from startups to mid-sized businesses to large corporations — have made the switch to NetSuite. Are you looking for a better way to run your business but have concerns about the costs?
NetSuite users subscribe to the platform with an annual license fee. Your license consists of three main components: the core platform, optional modules, and the number of users. Additionally, there is a one-time implementation fee for the initial setup. As your business grows, you can easily activate new modules and add users — that’s the advantage of cloud software.
For more information about NetSuite pricing, please see our price calculator.
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Inplenion.ERP is a global specialist in ERP and financial solutions, with deep expertise particularly in the DACH region. With over 350 employees at 20 locations worldwide, we help companies optimize their financial processes, make them more efficient, and align them for the future.
