Why to Use Oracle iProcurement PunchOut

As a B2B customer, if you have been using Oracle iProcurement to procure products from your supplier, you need to use its PunchOut feature that can work wonders to simplify your purchasing process. With this feature, you can use the iProcurement shopping page to directly access the supplier’s site. After logging into iProcurement module, you will notice a link and logo of the supplier that you are connected to. Just click on the link and you will PunchOut straight away to the supplier’s site. The catalog you access in the supplier’s site is designed as per your requirements.

Oracle iProcurement PunchOut follows a checkout process that is completely different from traditional checkout. After you have done with your shopping and checkout, the cart return to your iProcurement system. In a B2B environment, there are approval hierarchies without which the order (products and bill) cannot be confirmed. PunchOut functionality ensures that your cart follows the approval process that has been established by your organization. For instance, many times the cart has to be sent to the manager for approval.  So when the cart comes back to your iProcurement software, it is immediately routed for approval electronically to the desired authority.

If you prefer to buy products without PunchOut mechanism, you will have a hard time maintaining the approval process. This is because, one of your sales reps will have to manually keep a track of approval process. This can bring inefficiency and significantly slow down the ordering process. Also, Oracle iProcurement PunchOut solution eliminates maverick spending that is often responsible for huge revenue losses. As a result, you don’t have to deal with uncontrollable spend, which cannot be analyzed.

Moreover as a B2B customer, you don’t have to maintain any product catalog, it is managed effectively by the supplier. Also, any updates to the catalog are made available to you in real time.