Within the Procure-to-Pay (P2P) or Purchase Requisition process, time is of the essence, and conventional manual methods often prove to be both time-consuming and error-prone, thereby affecting downstream processes. Tvarana’s Purchase Requisition SuiteApp for NetSuite can help your business streamline this complex process.
The recently introduced add-on to Tvarana PortalsPro facilitates a seamless navigation through the P2P process, ensuring efficiency and effectiveness. Importantly, all data remains exclusively within NetSuite, eliminating any reliance on third-party storage, thereby guaranteeing information security and real-time visibility.
Highlighted below are some of the key benefits offered by this solution:
- Facilitates a smooth data flow across various stages of the PR cycle, including PR creation, PR approval, RFQ generation, RFQ response evaluations, and the eventual conversion to a Purchase Order.
- Introduces an option to review and approve a PR, subsequently transforming it into an RFQ that is dispatched to vendors.
- Seamlessly integrates into PortalsPro’s Vendor Portal platform, allowing vendors to submit responses to the RFQ.
- Within NetSuite, vendor responses can be evaluated using an interactive “Quote Comparison” screen, simplifying the process of analysis and vendor selection.
- Upon vendor selection, Purchase Orders are automatically generated and shared with the vendors.
- Automated workflows are implemented at each stage to ensure appropriate validations and approvals, with configurations tailored to suit an organization’s preferences.
Using PortalsPro’s purchase requisition solution can have a transformative impact on your procurement operations. The result is an enhancement in productivity, improved supplier relationships, and an acceleration of procurement cycles.
If you would like to delve deeper into the capabilities of this solution, please reach out to us. Let us show you how Tvarana’s Purchase Requisition SuiteApp can revolutionize your procurement processes and drive positive outcomes for your organization.