Procure to pay in NetSuite

During NetSuite Implementation company needs to make a purchase, the Requisitions feature can help you track pertinent information, such as the following:

• Who needs the item?
• What exactly is the item that is needed?
• When is the item needed?
• How much do we expect to spend for the item?
• Who has approved the expenditure for the item?

As a netsuite solution provider we always try to optimize purchase cycle as 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 catalogs and faxes. The goal is to help companies through netsuite support to buy goods and services at the best cost and in a timely manner; NetSuite Customization helps to achieve this goal by: • Saving employees’ valuable time with more automated process. • Reducing costs by channeling purchases to approved suppliers and prenegotiated contracts. • Improving visibility by rendering real-time information on company spend and vendor performance as NetSuite integration where ever required

Key Benefits • Automate approval routing • Enforce active purchase agreements • Track vendor performance • Integrate native transaction flows • Gain a 360-degree view from the procurement dashboard

Transaction -> Purchase -> Enter new PO

Create vendor

List -relationship – > vendor -> New

Save PO and receive order

Item receipt

Bill PO

Make payment

Account Payable GL impact

https://www.netsuite.com/portal/products/erp.shtml

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