Optimizing NetSuite for Accounts Payable
An accounts payable team that uses NetSuite to manage the AP process has taken its first step away from performing inefficient tasks and its first step toward saving money, improving cash flow, and minimizing overhead. The next step in that journey is to enhance their ERP with a strategic approach to their vendor payment process.
In this Whitepaper, we cover:
- The strategic opportunities in accounts payable
- How NetSuite provides a starting point for efficient accounts payable processing
- How to further optimize accounts payable within NetSuite
Please complete the form to download.
Inefficient processes and fraud within accounts payable can be a drain on a company’s time and money. On the other hand, AP can foster beneficial vendor relationships, improve accounting processes, increase cash flow and generate additional revenue. The difference lies in the priorities set by the AP team.View Whitepaper
The first step to managing accounts payable more efficiently is gaining an understanding of what the end-to-end process entails. At the end of the day, every accounts payable process includes four distinct steps — invoice capture, invoice approval, payment authorization and payment execution.View Whitepaper
Regardless of which ERP your team is using, traditional paper-based accounts payable processes being run through any ERP make it difficult for teams to focus on their core duties: managing accurate and timely closing, avoiding late payments, obtaining quick pay discount, and maintaining detailed transaction records.View Whitepaper