How PunchOut can help Improve Overall Revenue

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VARStreet Inc.
How PunchOut can help Improve Overall Revenue
Contact Us- VARStreet Inc. 66 Charles street
(Beacon Hill), Boston, MA 02114 781-262-0610 Email
Id- sales_at_varstreet.com Twitter-
_at_Tweet_VARStreet.
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When it comes to improving B2B ordering process
and providing real-time price and availability,
you can rely on PunchOut. It is a website that is
integrated with the procurement system and
displays customer specific product data. It
offers a personalized shopping experience as the
catalog content is customized to meet contract
requirements. Heres how PunchOut catalog
feature can boost your VAR business
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Reduction in Customer Acquisition Costs When you
are offering this feature, acquiring B2B
customers becomes much simpler. As a result, the
cost associated with convincing a customer to buy
your products can dramatically reduce. Less
efforts are required to get more and large
customers. In fact studies show that, quite a few
B2B enterprises are not interested in doing
business with VARS who do not provide this
feature. So getting contracts of large customers
is something you can look forward to, if you are
offering PunchOut. All this helps in improving
margins and overall revenue. Increases Retention
Rate With PunchOut Ariba catalog simplifying the
purchasing process and offering a user-friendly
shopping experience, there is no reason why your
customers would go to your competitors. So, one
can say that it can help to build customer
loyalty and retain more customers. You can expect
more repeat business from existing customers
which can help to increase sales.
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Increases Order Size As we all know, upselling
strategy has long played a crucial role in
boosting sales. A PunchOut catalog solution
allows you (supplier) to show upsell-related
products which can have a huge impact on
profitability. You can also load rich content
(images, product description and tech specs) and
interactive functionality on the PunchOut
website, thereby offering an Amazon-like
experience for B2B customers. So if you want to
up-size your order, make sure you implement this
feature for your customers. On the whole,
offering PunchOut Oracle iprocurement catalog
system is one of the best practices to improve
B2B sales and dramatically boost customer
relationships.