The NetSuite Procurement module helps companies buy goods and services at the best price and in a timely manner by channeling purchase orders to approved suppliers, managing the supplier approval process, generating real-time views into company spend and vendor performance, and maintaining records of all purchases.
All procurement-related information — from transactions and records to vendor performance and expenditures by department — is consolidated in the procurement dashboard.
This NetSuite module also helps you keep tabs on real-time metrics regarding vendor performance and company spending for reporting and decision-making while helping you reduce costs.
Want more information on how NetSuite Procurement can help your business?
NetSuite Procurement Module Benefits
With NetSuite Procurement, your purchasing managers will be able to negotiate better contracts and capitalize on economies of scale by having access to all information that a vendor is supplying. This includes price lists, contracts, addenda, and more.
Using NetSuite Procurement, purchase orders define costs for items requested and eliminate unexpected price increases and invoices that don’t match what was ordered.
All vendor information and related projects are located within a single place, ensuring buyers can easily access complete, relevant data.
Identification of Variances
NetSuite Procurement features three-way matching that highlights variances between the PO, receiving, and billing records.
Upgraded Vendor Relationships
Vendors and buyers can collaborate in real-time via the vendor portal, which allows them to easily share documents, fostering collaboration and facilitating the exchange of ideas.
Fast & Efficient NetSuite Procurement Setup
ScaleNorth’s team of experienced NetSuite consultants can implement and optimize NetSuite and its relevant modules for your business to maximize the ROI of your ERP investment.
Contact us today to get started.