NetSuite accounts payable (AP) automates the review, approval and payment of supplier invoices, giving you greater control over the full procure-to-pay process. Maintain detailed vendor records, create and manage purchase requests and improve data accuracy by automatically matching invoices to the correct vendor and purchase order. Automated journal entries eliminate the need to manually enter debits and credits, saving time and ensuring payments are recorded accurately. Simplify and automate your entire accounts payable process by removing paper and manual invoice keying, matching, and payment processing. NetSuite AP Automation provides a fast and secure way to process invoices and pay bills directly through NetSuite. Gain real-time access to key accounts payable information including AP aging, check registers, invoices awaiting approval and payments in transit. With NetSuite, accounting, sales, operations, purchasing and other departments can share information, seamlessly. Manage the entire procure-to-pay process on a single platform, monitor budgets to prevent overspending, automate approval workflows and time payments to preserve cash. NetSuite accounts payable automates the processing and payment of invoices. AP-specific dashboards, reports and KPIs put you in total control of your company’s procure-to-pay process.. User-configurable dashboards, KPIs and alerts keep accounts payable processes running smoothly. Track open purchase orders, invoices awaiting approval, invoice due dates, scheduled payments and other key information in real-time. Maintain detailed records on all suppliers, including contacts, mailing addresses, banking information, purchase orders, past payments and credit memos. Easily compare invoices received to vendor details to ensure accuracy, avoid late payments and reduce the risk of fraud. Easily create and track purchase requests, automatically submit them to the appropriate managers for review and convert to purchase orders upon approval. Match vendor bills to POs and receiving documents to avoid overpayments or duplicate payments and reduce the risk of invoice fraud. NetSuite AP Automation provides a fast and secure way to process invoices and make payments. Simply drag and drop digital invoices into NetSuite. Invoices are scanned, and relevant details are converted into digital text and entered within NetSuite. Take advantage of embedded banking services provided by HSBC to pay bills directly through NetSuite. Configurable AR reports, easy-to-use tools and custom segments allow for multidimensional analysis of receivables data. Report unpaid balances by region, salesperson, distributor or other criteria, and track payment history to identify customers that routinely pay late to improve collections forecasts. Schedule payments via cash, check, credit card or electronic transfer based on invoice due dates or apply custom rules to capture early-payment discounts. Automatically schedule and approve recurring invoices, such as utilities or subscriptions, that fall within predefined thresholds. Easily track and apply vendor credits to outstanding invoices. Tim Murton Automate capture of vendor invoices, approvals, payments and reconciliations. Retrieve bills, item receipts and vendor contracts directly from within NetSuite. Customisable roles and policies ensure the right fit for approval workflows. Minimise the time and effort required to process bills by automating every aspect of the payment process. Invoices don’t match purchase orders or receipts? NetSuite simplifies and automates exception processing. Increase visibility throughout the entire accounts payable process and know the status of any bill anytime, anywhere, on any device. What is NetSuite Accounts Payable?
Go Beyond Basic Automation
Information at Your Fingertips
Power of the Suite
NetSuite Accounts Payable Features
Accounts Payable Dashboard
Vendor Records
Purchase Orders
Invoice Management
Reporting
Payments
“If anyone wants business data or insights, they go to NetSuite, not another system or someone’s spreadsheet. It’s the source of truth for everything we do. “
CFO, SYPAQ Accounts Payable Benefits
Increase Productivity.
Centralise AP
AP Flexibility
Challenges NetSuite Accounts Payable Solves
Manual, Error-Prone Processes
Reconciliations
AP Insights
Resources
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