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4 Reasons your Business Requires a PunchOut Catalog

The fact that the protocol connects your procurement system with a remote site gives plenty of benefits. A CIF catalog fails to connect to an external site; this issue can be easily addressed with PunchOut. For large customers, arriving at the supplieru2019s site has never been so easy before.

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4 Reasons your Business Requires a PunchOut Catalog

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  1. 4 Reasons your Business Requires a PunchOut Catalog

  2. The protocol is designed to simplify the process of procuring products. The fact that the protocol connects your procurement system with a remote site gives plenty of benefits. A CIF catalog fails to connect to an external site; this issue can be easily addressed with PunchOut. For large customers, arriving at the supplier’s site has never been so easy before.

  3. Track Expenses Easily PunchOut cataloggives you an excellent opportunity to keep unmanaged, uncontrolled spending in check. You can easily track expenses with this protocol by allowing you to implement approval workflows within the organization. Controlling maverick spend will no longer be a challenge if you implement this protocol.

  4. Simplified Purchasing Process Oracle PunchOut catalogis designed to support electronic ordering, thereby allowing you to send orders electronically to the suppliers. The protocol will considerably minimize the time it takes to place orders for your business.

  5. Get Highly Customizable Catalog In case you are using Ariba procurement system, the supplier will ensure that your Ariba PunchOut catalog is personalized. A great deal of customization goes in designing your contract catalog. The inventory and the product pricing that you see on your PunchOut catalog is according to the contract agreed between your organization and the supplier. • Boosts Efficiency The ease of use of a PunchOut catalog can have a positive impact on your sales team’s efficiency. From accessing your contract catalog to browsing catalog, to placing orders, your sales reps can do it effortlessly. Your sales reps no longer spend time on administrative tasks like manually uploading catalog.

  6. How Suppliers Benefit from PunchOut From the suppliers’ perspectives, they are able to reach more number of prospects and increase their business. Today large organizations are not even willing to discuss about business prospects with suppliers that are not ready to offer PunchOut. Previously, only major suppliers could afford to offer SAP PunchOut catalog. But now the cost of implementing this technology has significantly dropped, hence even small suppliers will have no problem in introducing PunchOut technology for your customers.

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