SourceDay Purchase Order Automation and Supplier Portal for NetSuite

As much as 70% of supply chain problems occur before parts ever ship. SourceDay helps buyers and suppliers using NetSuite better communicate to prevent late deliveries. SourceDay seamlessly integrates with NetSuite via a Built for NetSuite verified bi-lateral integration.

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Key Benefits

Built for NetSuite (BFN) Verified

Fast Time-to-Value: Cloud, productized NetSuite integration, supplier adoption program

Supplier Visibility for Improved Planning: Prevent stockout and shortages and excess safety stock

Automation for Reduced Costs: Reduce late fees, higher freight charges & overtime labor expenses

Pro-active supplier collaboration to boost supplier on-time (OTIF) delivery

95% first-pass match with automated 4-way matching built specifically for direct spend invoices

Customer Quote

“SourceDay is a seamless integration with NetSuite. Now we can log onto SourceDay and in a matter of minutes, update our POs for price and split-line deliveries, knowing the supplier has bought in to the changes.”- Keith Johnson, Materials Manager, rf IDEAS

– Keith Johnson, Materials Manager, rf IDEAS

Improve Supplier Collaboration

Increase collaboration between buyers and direct material suppliers to prevent late deliveries and more accurately forecast inventory.

With better communication in place, buyers can act more quickly to forecast, allocate resources, and enact new strategies in the face of upcoming delays or challenges—whether that’s looking to a secondary supplier, adjusting production expectations, or a number of other strategic approaches that aren’t possible without a truly collaborative environment.

Buyers shouldn’t have to wait for acknowledgments or search through inboxes for updates.

If a challenge arises, buyers need to know immediately. Get rid of information delays.

Automate Approved PO Changes Being Updated in NetSuite

Once a PO is created in NetSuite, it automatically appears in the PO dashboard for both buyers and suppliers. From this PO dashboard, you can track acknowledgements, status updates, and due dates.

If a buyer makes any changes to a PO, the suppliers are automatically notified. In addition, SourceDay enables suppliers to complete a detailed ASN document, save it in our platform and automatically send it to buyers prior to shipment.
With our Built for NetSuite integration, SourceDay can move that shipment data to the appropriate transactions in NetSuite.

Supplier Enablement

We provide a 70% supplier adoption guarantee and our solution is free (no cost) to suppliers. We have a dedicated supplier onboarding team that provides training and support to suppliers to ensure their adoption and ongoing usage of our platform. On average, 90% of suppliers are onboarded in 90 days.

Supplier Scorecard

Our Supplier Scorecard keeps track of:

-Supplier price variance

-On-time delivery (OTIF)

-Responsiveness

The Scorecard ensures ISO-certified companies maintain an in-depth supplier scoring system in order to remain ISO compliant.

Request for Quote (RFQ)

Review bids from multiple direct materials suppliers and award business by line item.

With the SourceDay solution, you can send RFQs to new and existing suppliers at once, then review submissions in an easy-to-read bid comparison. Our dashboard gives you a single view of which suppliers responded, their best offer, and their supplier scorecard rating.

Choose the supplier who best meets your requirements and all the suppliers are automatically notified of your decision.

Invoice Automation (IA)

Automatic 4-way invoice matching for direct materials. Direct materials invoices are notoriously inaccurate, which creates challenges for Accounts Payable (AP) departments. Outdated PO data and incorrect receipts make it hard for staff to resolve discrepancies because the correct information lives in lots of places. SourceDay solves this challenge by automatically matching PO, receipt, & invoice data, making it easy to find and resolve mismatches.

Most “automated” payables solutions compare the total cost of the purchase order to the total invoiced amount. That’s not enough for supply chains and direct spend. SourceDay zooms in to compare each invoice line item to the corresponding purchase order line.

This allows for multiple releases, quantity variances, and price tolerances. If you need to edit any information, our systems can easily be adjusted.

In short: We make sure that no errors slip past our invoice automation. You can process payments automatically without worrying about incorrect payment amounts.

SourceDay Purchase Order Automation and Supplier Portal for NetSuite