TABLE OF CONTENTS
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Uncover Spending Trends and Spot Issues with an AI Assistant
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Gain Better Control Over Supplier Details on All Approval Steps
Uncover Spending Trends and Spot Issues with an AI Assistant
With the AI Assistant, any depth and angle of analytics is at your fingertips. Select what you want to analyze, filter the documents, and simply ask a question! Without any manual work and time spent manipulating spreadsheets, you can:
- Learn how your funds are distributed across teams, vendors, categories, and time periods.
- Find anomalies, duplicates, or glaring errors in your purchases.
- Detect common holdups that indicate your processes need improvement and get personalised tips for updating them.
- Get a supplier evaluation to see if they are reliable and punctual. The assistant can also suggest alternative vendors to ensure your business needs are always met.
This functionality is currently in Beta, and you have the chance to try it out and tell us what you think. Please contact your Customer Success Manager to enable the AI Assistant feature for your company.
New in NetSuite Integration
Centralize Control Across NetSuite Subsidiaries
Multi-Entity Management users can now integrate several NetSuite subsidiaries with legal entities within a single company in Precoro. To establish the integration, please follow this guide.
Once everything is set up, you can create and manage documents within one company in Precoro. When you create a document, select the necessary value in the Legal Entity field, and the document will be sent to the corresponding subsidiary in NetSuite.
Please note that if you create legal entities automatically when integrating the subsidiaries, the dependencies for document fields will not be imported from NetSuite. This functionality will be added in further updates.
Additionally, when you create suppliers in Precoro, you can also assign legal entities to them. When syncing with NetSuite, Precoro will create these suppliers only for the corresponding subsidiaries.
Monitor Order Deliveries Better with Integrated Receive By Field
Purchase order integration with SuiteApp now includes the Receive By field to improve order monitoring and reporting. This field corresponds to the Delivery Date field in Precoro.
Gain Better Control Over Supplier Details on All Approval Steps
Suppliers are no longer auto-approved if the approver of the first step created this supplier.
When a new supplier is created and there’s a supplier approval workflow set up in the company:
- The supplier gains the Pending status, even if the creator is also an approver.
- All first-step approvers are notified via email.
- While the vendor is pending, approvers can adjust the information or send a questionnaire to clarify the details.
Edit Purchase Orders Faster with Updated Item Tables
An updated item table design is already available in purchase orders. It will also be rolled out to other documents and will serve as the standard going forward.
You’ll notice it’s easier to:
- Edit multiple items on the same page;
- View the whole table while editing;
- Work quickly with larger documents.
Flexibly Manage Partly Transferred Warehouse Requests
We’ve added the ability to revise warehouse requests even when some or all items have been added to stock transfers or purchase requisitions. Now, you can process WRs correctly even if your company’s plans and needs change.
Document revisions are possible on the following statuses:
- Approved documents
- Not transferred
- Partly transferred
- Transferred
- Pending documents
- Not transferred
- Partly transferred
Please note that the quantity in the warehouse request must be equal to or greater than that in the stock transfer for every item.
Easily Disable Unnecessary Order and Invoice Forms
You can now disable standard document forms without the support team’s assistance. In Configurations → Basic Settings → Document Setup tab, you will see new checkboxes.
In the Purchase Orders section:
- Standard Purchase Order Form;
- Standard Order from Requisitions Form.
In the Invoices section:
- Standard Invoice Form;
- Standard Order-Based Invoice Form.
If you disable any of these checkboxes, the standard form for the corresponding document type will be disabled. Instead, users will fill out the custom forms established in your company, so the orders and invoices are guaranteed to have the fields necessary for your workflow.
