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ORACLE NETSUITE PROCUREMENT MANAGEMENT

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

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