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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