The Last Mile of NetSuite – Payables Transformation Strategies

NetSuite is critical for tracking finance and accounting. It functions as an important system of record that collects, stores, manages, and monitors essential business data. But for accounts payable (AP), NetSuite is more a map than a vehicle. ERPs are not designed for in-depth payables execution and process-heavy operations like payables, and as a result, AP is often backfilled with staff.

Although NetSuite can create purchase orders and store invoices from suppliers, it does not manage the payables operation completely. AP is consistently ranked by financial executives as the single most time-consuming function in finance. It ends up being the last mile that CFOs and controllers address.