Accounting and Financials
Purchasing & Vendor Management
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Closer cooperation with vendors can eliminate a host of inefficiencies. That's why savvy ecommerce companies are streamlining their requisition processes and extending collaboration with vendors.
NetSuite simplifies vendor management and automates the entire procurement process. With NetSuite, the purchasing process it entirely paperless, streamlining the process and significantly reducing errors. The lower costs that go straight to your bottom line. It also gives your valued vendors access to such key data as inventory reordering points and transaction histories, making them true, collaborative partners in your ecommerce business.
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- Streamline and simplify the purchasing process from end to end, and work closely with vendors to create new efficiencies.
- Give vendors access to data that is key to your partnership, extending your business beyond your four walls and creating truly collaborative, long-term relationships.
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- Create purchase requisitions with an online form that eliminates paper-based forms and their associated errors. Once completed, requisitions are automatically routed for approval.
- Create purchase orders from approved purchase requisitions, or generate them automatically once reorder points have been reached. NetSuite also generates order purchase numbers automatically, further streamlining the process.
- Once received at your facility, items are logged into the system as having matched the original purchase order. With proper receipt and purchase order matching, NetSuite notifies your accounts payable department to make payment. You can make payment with a check, via online banking, or using Electronic Funds Transfer (EFT).
- The Vendor Centre provides your vendors with direct access to information that is relevant to your partnership, including purchase orders, accounts payable data, and other key documents.
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