Toolio
Back to products
Klippa SpendControl for NetSuite

Tipalti Procurement

Status: Unverified

Tipalti Procurement helps NetSuite customers deploy, manage, and scale their PO processes from request and approval, to creation and receival. Tipalti Procurement integrates with NetSuite to seamlessly sync Suppliers, Purchase Orders, Budgets, Receivals, and Data. We help finance and procurement teams regain spend control, reduce manual data entry, and ensure reporting accuracy.

View on Suiteapp.com

Categories: , ,
Description

Tipalti Procurement for NetSuite

Tipalti Procurement modernizes your procurement operations with a powerful, easy-to-use solution that manages all your purchases and enhances control over spending. Reduce maverick spend and minimize financial and compliance risks.

Key Benefits

Gain control over spend with streamlined requests and approvals across multiple subsidiaries and currencies

Get complete visibility into standing orders, upcoming invoices, and bottlenecks in your processes

Reduce manual data entry with automation integrated directly into your NetSuite ERP

Better reporting and planning with accurate data collection and validation upfront

Eliminate off-budget spending by easily tracking against budgets before spending takes place

Ensure process adoption with a seamless employee experience

Fast and easy deployment with a cloud-based solution and dedicated implementation team

NetSuite Integration Highlights

 

Automatic PO generation – Approved requests automatically open purchase orders in NetSuite, making two and three-way PO matching easy for the AP team

Supplier data syncing – With two-way supplier syncing, all existing supplier data can be easily pulled into Tipalti Procurement. When new suppliers are authorized in Tipalti Procurement, their profiles are automatically created in NetSuite

Actual budget syncing – Pull accurate budgets from NetSuite to make smarter business decisions with the most updated information

Line item receival – Line items marked as either partially or fully received in Tipalti Procurement will be automatically synced as received in NetSuite

FEATURES

Employee Purchasing Portal

  • Simple, customizable purchase request forms for easy employee adoption
  • Receipt management to allow requestors to indicate whether they’ve received their good or service purchased
  • Integrate with Slack for a modern purchasing experience including automated notifications, streamlined approvals, and faster turnarounds
  • Inline communication to allow requesters and approvers to send messages and consult with other professional functions outside of the approval flow

Advanced Approval Management

  • Flexible rule-based approval management for automated routing tailored to company policies
  • Customizable, self-service supplier registration forms and specified approval routing rules
  • User permission management to control who can approve spend and take advanced actions in the system
  • Activity log with all actions and communications around a specific purchase order or supplier

Automated Data Sync

  • Approved requests automatically open purchase orders on NetSuite, making 2 and 3 way PO matching easy for the AP team.
  • Approval of new vendors automatically creates new vendor profiles with all accompanying data, on NetSuite.
  • Line items marked as either partially or fully received will be automatically marked as received on NetSuite.

Tracking With Reminders, Reports & Dashboards

  • Real-time budget information & spend pipeline tracking with dashboards for approvers to make better decisions across multiple subsidiaries
  • Contract repository to keep track of terms and renewals for every supplier
  • Data export for easy access to all purchasing and supplier data in CSV format, to support ad-hoc reports and decision making
  • Data export for easy access to all purchasing and supplier data in CSV format, to support ad-hoc reports and decision making