Gain complete control over vendor invoices, purchase orders and receipts. Eliminate manual order entry & processing with NetSuite Accounts Payable Solutions. Speed up financial close & provide your Finance team with better accuracy, efficiency & visibility.
Record Entry & Check Print
Set up batch check prints, populate your check fields & get automatic mailing of payments.
Generate reports based on due date, expense type, date of payment / period, status of payment and vendors. Bifurcate payments which have been made, processed or yet to clear.
Master Vendor List
Track individual payments with custom created vendor database. This database packs crucial information like contact info, vendors terms & conditions, addresses.
NetSuite Accounts Payable identifies and notifies about upcoming payments along with the best timing and incentive for making the same.
Purchase Order & Reconciliation of Invoices
Authentically identify payments through reconciliation of invoices & POS’s with entries in NetSuite AP. Mark payment records with up to date purchase orders / vendor bills to reduce financial errors.
US 1099 Reporting
Creation of non-payroll payments paperwork for non corporates individuals to provide the required tax forms.
Benefit your purchase order process and NetSuite AP by integrating your PO module & master vendor list. Identify payments and harmonize AP for your bank records.
Create custom graphical reports using customized fields, reports and instructions to improve and point out crucial KPI’s.
NetSuite AP Benefits
Create accurate profit/loss statements
Automatic payment processing
Track purchases made by employees
Automate check & payment processing
Develop additional workflows
Stay up to date with payments
NetSuite Accounts Receivable keeps tracks customer payments to ensure you’re paid on time. Manage incoming payments, create records and track receivables to ensure optimal profitability.
- Create customer list to identify each customer records separately
- Merge receivables with appropriate customer profiles in real time
- Identify customers making late payments & vice versa
- Stay up to date with latest information to make data driven decisions
- Wide customer database to manage customer relations
NetSuite AR Benefits
Understand your organizations financial standing
Predict current & projected cash positions
Automate overdue payments processing & interest charges
Get freedom to choose from several payment processing options to catch funds and lay out expenses.
Collect funds & make payments while connecting your accounts receivables and payables with 3rd party systems, financial institutions and processors. NetSuite has innate features which can automate your invoicing payments for payables, managing settlements against credit card accounts & banks for receivables in real time.
Take your company on a green path with Electronic Payments Processing
- Unify and streamline cash to reconciliation process and order to cash processes.
- Ease financial operations and record all payment processes from web, phone, cash sale or invoice payments.
- Provide numerous payment options for customers.
- Set up monetary processes across numerous countries and multiple currencies.
Electronic Payments Benefits
Electronic Funds Transfer
Customer Credit Card Processing
Direct Deposit for Payroll
Express Checkout for PayPal
Automated Clearing House processing
SuiteGL, is a cloud based General Ledger which gives your Financial Department better flexibility in their accounting software with added customizable features.
Custom Created GL segments:
- Confirm GL financial impact process follows a double – entry accounting principles & balances throughout all segment combinations.
- Add region, territory, product line, division, channel and item family information to the reportable segments.
Customer created transaction types:
- Design transaction types based on your business / industry of choice.
- Develop new business workflows with custom created approval processes, audit trails, permissions and type-specific transactions numbering.
Custom Created GL lines:
- Innate ability to automatically attach general ledger impact lines to on-going business processes like invoicing, sales or even vendor bills.
- Addition of custom GL impact lines to traditional transactions across single or multiple accounting books.
General Ledger Benefits
Gain increase in accuracy of GL
Better control & visibility through reports and analytics
Eliminate manual entry processes
Simplified transactions with foreign countries
Measure performance of every level
Support entire work process from Accounting, Sales, Customer Support and more while eliminating manual data entry between multiple applications.
Various software packages solve few issues and leaves your organization with buckets of un used data. In order to maintain data integrity, data must be manually entered which results in loss of employee man hours.
NetSuite has in built features to ensure data is safely integrated from one system to NetSuite while holding the highest standards of data integrity.
NetSuite Competitive Switch Benefits
Top class cloud infrastructure
Built in disaster recovery with fault tolerance
Protection from Data theft & hackers
Grant users permissions for required features
Superior level of customization capabilities
Add required files & fields without any limit
Create custom dashboards & reports as per business functions
NetSuite speeds up the order to cash process by eliminating redundant workflows and provides with a smooth direction starting from sales quote to approved transactions, invoicing and payments. NetSuite’s Order Processing will integrate your financial department, sales and fulfillment teams to improve the quote accuracy while deleting billing mishaps and strengthening your revenue capturing process.
- Automatically integrate shipping, invoicing, billing, inventory & A/R among more
- Graphical reports for understanding company analytics
- Custom dashboards and alerts to prevent risks
- Order tracking in real time
- Generate shipping labels automatically
NetSuite Order Processing Benefits
Automatic custom shipping reports and bulk fulfillment
Optimize customer interactions through customizable order forms per class user
Self service tracking tools available with customer 24/7
Eliminate manual data entry, order management & shipping
Integration with FedEx &UPS for improved efficiency