Why B2B Customers should Use Coupa PunchOut Catalog
If B2B customers want to resolve their business
transaction woes, it is time they use PunchOut catalog. PunchOut as we know, is
a connection that gives one-click access to the supplier’s website. No longer will
B2B customers have to bear CIF catalog woes that make it extremely inconvenient
to communicate with suppliers. Just a single click will take you to the
supplier’s site. It eliminates the hassle of remembering username and password
for accessing the supplier’s site.
Also, in a B2B environment, every supplier catalog is
specific to that customer. The catalog content differs from one B2B customer to
another. The products and their pricing on the catalog are pre-negotiated for
every B2B customer. Keeping this in mind, the Coupa PunchOut functionality is such that every customer gets
access to his own customized Contract catalog. This eliminates the need to go
through the entire site. What the customer is looking for (contract products)
is available via a single click. No wonder, it is also referred to as custom
PunchOut catalog solution that can simplify the ordering process of the customers.
Ability to communicate in real time is another advantage
of using PunchOut. Unlike CIF catalog where the content and pricing is static,
in case of PunchOut, it is dynamic and real-time. This means whatever changes
the supplier makes to his catalog (product quantity, product pricing, product
availability etc.,) are available instantly in real time to the customer.
Also for big buyers, spend management is an important
process for saving the money. Coupa PunchOutsolution helps in bringing corporate spending under control. It ensures
accessibility to contract products only; moreover it incorporates order
requisition approval process into the transaction. This helps in achieving
objectives associated with spend management.
On the whole, PunchOut streamlines workflow and provides
a faster and more efficient way to shop via the procurement system.
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