NetSuite Launches SuiteProcurement to Streamline Business Spending and Boost Productivity
New partnerships with Amazon Business and Staples Business Advantage aim to improve cost control and efficiency for businesses
Oracle NetSuite has unveiled NetSuite SuiteProcurement, a cutting-edge indirect procurement solution designed to help businesses manage every aspect of their purchasing process, from request to payment. This new offering simplifies procurement workflows, allowing businesses to save time and cut costs. SuiteProcurement also features exclusive partnerships with Amazon Business and Staples Business Advantage, which provide customers with added benefits and savings.
“Managing indirect procurement can be a challenging and expensive process for growing businesses,” said Evan Goldberg, founder and executive vice president of Oracle NetSuite. “With SuiteProcurement, we’re offering businesses access to preferred pricing through Amazon Business and Staples Business Advantage directly within NetSuite. This will help them control spending and make smarter purchases, ultimately supporting their growth.”
Exclusive Savings with Amazon Business and Staples Business Advantage
NetSuite SuiteProcurement users will gain access to valuable offers, such as:
Amazon Business: A complimentary 12-month Amazon Business Prime Medium membership (valued at $1,299) with business-only pricing and discounts, plus a 50% discount on renewals.
Staples Business Advantage: Dynamic pricing enabling users to save an average of 10% on essential business supplies.
“Amazon Business empowers millions of businesses globally to make informed purchasing decisions and optimize costs,” said Mobeen Khan, Amazon Business director of business development and global partnerships. “This collaboration with NetSuite allows our shared customers to instantly access an extensive selection of products at excellent prices.”
Similarly, Staples Business Advantage will offer NetSuite users preferred pricing. “For over three decades, we’ve provided businesses with the resources they need to remain productive,” said Michele Parzianello, chief sales officer at Staples, Inc. “With SuiteProcurement, NetSuite users will enjoy easier access to our broad range of business essentials, enhancing operational efficiency.”
Streamlined Procurement with Oracle Business Network
Powered by the Oracle Business Network, SuiteProcurement integrates procurement processes with financial workflows, delivering key benefits:
Vendor Integration: Reduced costs and improved financial controls through trading partner relationships and preferred pricing.
Automated Approvals: Tailored approval workflows to ensure compliance with company policies, based on factors like location, department, and spending thresholds.
Automated Purchase Orders and Invoicing: Efficient processing of orders and vendor payments through automated order confirmation, shipping, and billing.
Real-Time Spend Insights: Comprehensive visibility of spending across locations, departments, vendors, and budgets.
Accurate Procurement Data: Centralized details, including item descriptions, manufacturer names, and item numbers.
Simplified Accounting: Automatic posting of expenses to the correct general ledger accounts using pre-defined category mappings.
Availability
NetSuite SuiteProcurement is expected to launch in North America within the next 12 months.