Let's Gel Testimonial
Procurement is a critical function for every business, but standard NetSuite functionalities may not always cater to complex or unique requirements. Tvarana's Advanced Procurement for NetSuite provides enhanced tools for managing purchase requisitions, quote comparisons, and vendor collaboration. With its intuitive portals for field staff and vendors, this solution improves efficiency across every stage of the procurement lifecycle.
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Purchase Requisitions (PRs)
Create detailed PRs with item descriptions and deadlines while automating role-based approvals to ensure compliance.
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Add-On Portal for Field Staff
Field staff can raise PRs via a portal, and managers can approve them, minimizing delays.
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Purchase Order (PO) Creation
Generate POs from approved RFQs with one click.
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Purchase Requisitions (PRs)
Create detailed PRs with item descriptions and deadlines while automating role-based approvals to ensure compliance.
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Vendor Portal Integration
Vendors can submit quotes, invoices, and updates via a portal, boosting collaboration.
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Request for Quote (RFQ) & Quote Comparison
Generate and send RFQs to vendors, centralize responses, and automate vendor selection for cost-effective procurement.
See the impact of our SuiteApps on real business results.
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Yes, NetSuite requires additional licenses for vendors. However, Tvarana’s Advanced Procurement enables unlimited vendor users without extra licensing costs.
NetSuite’s built-in procurement features have limited flexibility. In contrast, Tvarana’s Advanced Procurement is fully extendable and customizable, allowing modifications to fields, views, scripts, workflows, and forms.
NetSuite does not provide a direct way to convert a PR into an RFQ. With Tvarana’s Advanced Procurement, an RFQ is automatically generated as soon as the PR is approved.
NetSuite’s procurement module does not support RFQs for vendors classified as "Individual." Tvarana’s Advanced Procurement allows RFQs to be sent to vendors of any classification, including "Individual."
NetSuite allows quote comparison but only on an item-by-item basis. Tvarana’s Advanced Procurement simplifies this by displaying all responses in a single view for easy comparison.
The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation
FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.
NetSuite does not support multi-vendor awards for the same item. Tvarana’s Advanced Procurement enables awarding the same item to multiple vendors as needed.
Tvarana’s PortalsPro enhances vendor collaboration by enabling vendors to track submitted RFQs and view all related transactions. It also supports co-branding, allowing the portal to reflect the client’s branding and design.
NetSuite requires creating a purchase contract before generating a PO, and only one PO can be created at a time. Tvarana’s Advanced Procurement streamlines this by allowing one or multiple POs to be generated directly from an awarded RFQ.
The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation
FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.
Yes, but additional NetSuite licenses are required. Tvarana’s add-on portal enables field staff to create PRs without the need for a NetSuite license.
NetSuite’s approval workflows are limited to predefined configurations. Tvarana’s Advanced Procurement offers multi-level approval workflows with real-time notifications, providing greater flexibility and control.
Yes, additional customizations can be made to meet specific business requirements, including report modifications, additional approval workflows, and integration with other banking partners.
The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation
FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.
Update the vendor’s bank details in NetSuite, and the integration will use the updated information for subsequent transactions.
The standard NetSuite FAM module lacks automation for CWIP conversion. Tvarana's custom solution automates the conversion of assets from CWIP and vice versa, reducing manual input and improving financial accuracy.
NetSuite’s standard FAM module only supports basic asset categorization. Tvarana has customized the system to allow sub-categorization of assets, improving asset grouping and reporting.
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