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 buy goods and services at the best cost and in a timely manner; NetSuite helps to achieve this goal by saving employees’ valuable time with more automated processes, reducing costs by channeling purchases to approved suppliers and pre-negotiated contracts and improving visibility by rendering real-time information on company spend and vendor performance.

Oracle Netsuite’s Procurement Management Best Features:

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