top of page

ERP — Procurement

T500定制 (74).jpg

Optimise your procurement process for cost certainty with workflow driven approval routings

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.

Abstract Blue Light_edited.jpg


Streamline Procure to Pay

Automate business processes to reduce your average procure to pay timeline and increase cash flow.

Achieve Cost Certainty

Use NetSuite’s many costing methods to improve your costing accuracy and stabilise gross profit.

Improve Product Quality

Use our native requisition and RFQ tools to manage vendor selection and improve product quality.


White and Blue Simple Monthly Budget Pie Chart.png
vendor management
Vendor Management

CRM is one of NetSuite's core functionalities, which is also applicable to vendor relationship management. The system can easily integrate vendors and then periodically review them using workflows. Users can track and analyze each transaction and then incorporate the information into a vendor scorecard, easily grasping the vendor's performance. The vendor portal is an additional free feature that facilitates collaboration on current and future projects.


White and Blue Simple Monthly Budget Pie Chart.png
Purchase Order Management
Purchase Order Management

Creating and managing purchase orders is a straightforward task in the system. The order item interface is the primary location to monitor order items to be placed. These orders can be generated from the supply planning process, blanket purchase orders, or reorder points. Moreover, an order can include inventory, expenses, and services simultaneously. Once a purchase contract is signed, appropriate pricing is automatically applied. Customized alerts can inform you of the expected receipt time. Simple lists in NetSuite facilitate and expedite the purchase order management process.

Bill Payment

White and Blue Simple Monthly Budget Pie Chart.png
Vendor Bills
Vendor Bills

The first step in the procure-to-pay process is to receive and input invoices from suppliers. When suppliers submit invoices for purchase orders, NetSuite allows users to select orders and pre-fill all relevant information for verification. Vendor bills can be manually entered, imported from CSV files, or automatically imported via Web services in cases requiring tighter integration.

bottom of page