4 Reasons your Business Requires a PunchOut Catalog

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4 Reasons your Business Requires a PunchOut
Catalog
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• 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 suppliers site has
  never been so easy before.

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• Track Expenses Easily
• PunchOut catalog gives 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.

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• Simplified Purchasing Process
• Oracle PunchOut catalog is 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.

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• 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 teams 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.

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• 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.