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Benefits of Punchout Catalog Integration

Here's how B2B buyers can benefit from PunchOut integration

lindaemerson089
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Benefits of Punchout Catalog Integration

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  1. WhataretheBenefitsof PunchOutCatalog IntegrationforB2BBuyers?

  2. Connecting to an external site through the procurement system is a big headache for B2B buyers. PunchOut protocol can resolve this issue by establishing a direct connection between the supplier's site and the buyer's procurement application. PunchOut technology is becoming popular with each passing day. Winning big contracts from B2B buyers is next to impossible without offering PunchOut catalog software. Providing PunchOut-enabled sites is the key to get more buyers and expand your business. PunchOut catalog does the job of marrying a B2B ecommerce site with a procurement application. Both systems are tightly integrated, thereby making it easy to conduct business transactions.

  3. Here'showB2Bbuyerscan benefitfromPunchOut integration

  4. Direct Access to the Supplier's Site As a B2B supplier do you want to make it easy for your buyers to place orders through your site? If yes, then implement PunchOut catalog integration at the earliest. PunchOut ensures user-friendly transactions between the buyer and the supplier. It provides the speed and flexibility to manage transactions in a B2B environment. Buyers can start a PunchOut session sans login credentials. They have to just click a PunchOut link to reach the supplier's site in a fraction of the time. Customized Solution A PunchOut catalog is often described by experts as a special version of the supplier's site. The catalog is custom-designed to fit the exact needs of the buyer. The products and the pricing displayed in the catalog are according to the mutually agreed contract.

  5. PunchOut is a customized solution that eliminates the time-consuming task of browsing through non- contract products. They get direct access to contract products, which simplifies their purchasing process. The contract catalog is available at a single click of a mouse. No Ordering Errors Without PunchOut there is a high probability that the buyers might access non-contract products. This results in the creation of incorrect orders. With procurement PunchOut integration, buyers no longer have to worry about ordering errors as they can only add contract products while placing order. No wonder order accuracy increases substantially with PunchOut. Procurement is Cost-Effective Buyers experience a cost-efficient procurement process, one of the noteworthy benefits of using PunchOut-enabled sites.

  6. Maverick spending also referred to as rogue spending is a major problem in large buying organizations. It can damage the financial health of your company and push your business organization closer to the brink. Despite using procurement applications, buyers fail to get insights into their spending. As a result, purchases are made outside the procurement policy, leading to unnecessary expenses. The issue of maverick spending can be easily resolved using PunchOut. It ensures that spending never occurs beyond the agreed contract. Buyers no longer have to deal with contract compliance risk as purchases are made strictly through the approved supplier channel. Approval Workflow With PunchOut, B2B buyers can implement their pre-established approval workflow designed to make purchases. In other words, any order placed on a PunchOut-enabled site is compliant with their approval workflow.

  7. When B2B buyers reach the supplier's site via PunchOut, they add products in the shopping cart. Buyers then close the PunchOut session and the cart returns to the procurement system. Here the cart goes through the approval process. If the cart is approved, a purchased order is sent to the buyer. No Access to Outdated Information PunchOut catalog software provides real-time integration between the seller-side (suppliers) and the buyer-side. Any catalog changes at the seller-side are reflected in real-time at the buyer side. Buyers don't have to reload the updated catalog to view the changes. Accessibility to the updated catalog is available in real- time. No creating orders with outdated information. Buyers have access to accurate product information at all times. With PunchOut, B2B suppliers can not only retain their large customers but also grow their customer base easily.

  8. As a B2B supplier, once you are connected with the right PunchOut provider, you can get plenty of business opportunities that will lead to success.

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