As a B2B customer, are you looking for an easy way to shop smarter? Are you serious about reducing maverick IT spending? Do you have a hard time managing your spend? Do you want to significantly reduce errors in compliance while purchasing products? Are you frustrated managing your suppliers and budget? Do you want to simplify procurement? The answer to all these questions is to use a Procurement application that supports a PunchOut solution.
A PunchOut Catalog is a web-based catalog that allows customers to leave their procurement interface and reach the supplier site for ordering products. With a single click and without entering login credentials, you can easily access the external supplier catalog. After purchasing products, the cart returns to the procurement for review and budget checking. Once the cart is reviewed and approved, an electronic purchase order is sent to the supplier.
PunchOut functionality provides an easy way for B2B customers to manage their supplier catalog. With this functionality, you get a personalized product catalog that is designed to meet your procurement compliance. It completely eliminates maverick buying and ensures that the products are always purchased as per negotiated contract. This is because the PunchOut catalog is a pre-negotiated contract catalog and will only contain products and pricing as per the agreement.
As a B2B customer, you conduct all your purchase transactions from a single interface, thereby simplifying IT spending. This can greatly increase efficiency as well as reduce transactional cost. Thus, you save time, reduce error and money when using procurement software with PunchOut. Managing orders and tracking shipment also becomes a lot easier with PunchOut.
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