2 Procurement

Procurement within NetSuite for Government

Streamlined procurement process, from requisition to payment, with centralized and decentralized purchasing capabilities. Self-service portals, automated workflows, and real-time fund management, simplifies procurement processes and enhances efficiency. Insights into fund positions and cash flow through reporting capabilities.

• Self Service Portal for employee to initiate requisitions.
• Easily transform a requisition to a PO, a PO to a vendor invoice.
• Pre-encumbrances and encumbrances are tracked from requisition through PO stage and to payment.
• Workflow approvals to ensure purchasing compliance at every step of purchase.
• Set up trigger, alerts and automated exception reports.
• Understanding fund position and cash flow management are made simpler with robust reports on purchases.
• Capture Vendor Bills with Optical Character Recognition (OCR) minimizes effort keying invoices.