Financials
Accounts Payable
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When it comes to accounts payable software, the name of the game is matching three essential elements to one another: the purchase order, the vendor invoice, and the receipt.
With NetSuite's services companies industry solution, software companies can do exactly that. Companies can also pay their vendors and taxes via electronic funds transfer (EFT) directly from NetSuite. As a result, they can streamline business processes and eliminate the need to print and sign checks manually.
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- Establish better relationships with your vendors by offering timely, efficient payment.
- Fully automated check and payment processing leads to greater efficiency and better cash management.
- View all debits, credits, revenues and costs within the same accounting period, resulting in more accurate profit and loss statements and better regulatory compliance.
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- Get full visibility with accounts payable software into each purchase order (PO), receipt and invoice. By calling up a PO, you can see its entire transactional history and verify proper billing.
- Maintain full visibility between drop-ship POs and the sales orders to which they're linked.
- Track which payables are currently due in order to ensure that relevant discounts have been applied, and that payments are made on time.
- Online bill pay and support for EFT provide unmatched convenience.
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