Providing buyers with unique features on your eCommerce store is crucial in times where B2B eCommerce is growing at a rapid pace.
As per data, the global B2B eCommerce market is going to expand at a CAGR(Compound Annual Growth Rate) of 18.7% from 2021 to 2028.
This means that the B2B sector is going to be highly competitive and to grow, your B2B eCommerce store must offer some innovative and unique features that create value for your customers.
One such unique and important feature is PunchOut Catalog integration. If you are looking for a great PunchOut catalog software then Oracle PunchOut Catalog Integration is one of the best options available at VARStreet.
In this guide, you will learn about Oracle PunchOut Catalog software and how it can benefit your B2B eCommerce store.
Table of Contents
- Understanding Oracle PunchOut
- Benefits of Oracle PunchOut Integration for Your eCommerce Store
- 1. Easy eProcurement
- 2. Higher Sales
- 3. Error-Free Orders
- 4. Easy to Setup
- 5. Easy to Use for Buyers
- 6. Helps in Branding
- 7. Increases Customer Satisfaction
- 8. Provides Personalized PunchOut Catalogs
- 9. Shortens Buying Cycle
- 10. All-in-One Solution for Requisition and Procurement
- 11. Provides Real-Time Pricing
- 12. Edge Over Competition
- Closing Phrase
Understanding Oracle PunchOut
Before understanding what Oracle PunchOut catalog integration is, you must first understand the meaning of a PunchOut catalog.
Many businesses use eProcurement software to procure goods and services these days. eCommerce stores offer PunchOut catalogs to buyers and the catalog can be directly integrated with the buyer’s eProcurement software. This way, the buyers can procure goods and services without ever leaving their eProcurement software.
When we talk about Oracle PunchOut Catalog, it allows buyers to select and place items into a cart from the supplier’s eCommerce platform, then imports that cart to their Oracle eProcurement software where they can continue with the purchasing process within their workflow. This provides buyers with the ability to streamline the procurement process by working from their eProcurement software.
Benefits of Oracle PunchOut Integration for Your eCommerce Store
Punchout integration is the need of the hour as it helps you improve your customer retention rate by providing the best buying experience to your buyers. Oracle PunchOut integration software is one of the leading PunchOut solutions in the market and provides the following benefits to B2B businesses.
1. Easy eProcurement
Perhaps the greatest advantage of Oracle PunchOut catalog integration is that it streamlines the eProcurement process for the buyers. If the buyers are happy with your eCommerce store then this is always going to work to your advantage.
With Oracle PunchOut catalog integration, buyers can get their desired catalog right in their Oracle eProcurement software. By having the catalog in their eProcurement software, buyers can work efficiently in getting the orders approved.
2. Higher Sales
Oracle PunchOut catalog impacts your sales positively, as the procurement managers prefer eCommerce stores that offer a PunchOut catalog integration. Nowadays, the majority of procurement managers rely on their eProcurement software to manage their procurement process. With the Oracle PunchOut catalog integration, you can make their jobs easy as they won’t have to leave their Oracle eProcurement platform which ultimately leads to increased customer satisfaction and higher sales.
3. Error-Free Orders
One of the biggest disadvantages of the traditional ways of procurement is the errors that can happen because of miscommunication and incorrect information. Having a PunchOut catalog integration eliminates the possibility of those errors by automating the procurement process.
Buyers select the products they like from an eCommerce store and the selected catalog is directly transferred to their eProcurement software. There are no emails or calls involved while finalizing the orders, which can result in incorrect or redundant information. This reduces the scope of errors to almost zero.
4. Easy to Setup
Oracle brings with itself years of experience and is one of the top brands when it comes to providing sales and management tools for online businesses. A lot many eCommerce companies make use of Oracle’s PunchOut catalog software and hence have a large user base.
The Oracle PunchOut Catalog software setting up process with your eCommerce store is simple and easy. Also, VARStreet helps you in setting up the PunchOut integration, making the entire process seamless.
5. Easy to Use for Buyers
Oracle PunchOut catalog integration helps in providing the best user experience to the buyers. When the buyers will be happy after purchasing from your eCommerce store, they will always return to buy more.
Oracle PunchOut catalog is easy to use for the buyers, as pretty much all of them are well-versed with Oracle tools. Because of this buyers prefer an eCommerce store with Oracle PunchOut catalog integration.
6. Helps in Branding
If you truly want to make your presence felt on the internet and become one of the top brands in the B2B eCommerce sector, then you must become a brand first.
When you have a good brand image, people automatically get attracted to your eCommerce store for placing orders. What better way to build a brand than provide your Oracle eProcurement users with one of the best PunchOut catalog integrations. Oracle PunchOut catalog integration is well-known for its technology and features and helps in establishing your eCommerce store as a unique brand.
7. Increases Customer Satisfaction
At the end of the day, it is all about providing maximum customer satisfaction to your buyers. If your buyers feel happy and satisfied after doing business with you, they will return to buy.
Although many factors contribute to customer satisfaction, providing your users with the Oracle PunchOut catalog enhances the user experience of the eCommerce store by providing easy procurement solutions to the customers.
8. Provides Personalized PunchOut Catalogs
Personalized PunchOut catalogs address the unique needs of each buyer. With the help of Oracle PunchOut Catalog integration, you can provide your Oracle eProcurement users with the choice to select the products that they want. It eliminates the need to wade through non-contract products.
When the customer gets the freedom to choose the products and then get a personalized catalog on their eProcurement software, that goes a long way in enhancing the customer experience, which in turn is highly beneficial for your eCommerce store.
9. Shortens Buying Cycle
Oracle PunchOut catalog integration provides your customers with embedded social collaboration. With the help of that, your customers can complete their assignments much more quickly and effectively. This results in the shortening of the buying cycle which is highly beneficial for your business, as it results in repeat purchases and increases in sales.
10. All-in-One Solution for Requisition and Procurement
Oracle PunchOut catalog provides an all-in-one solution for order requisition and procurement. With the traditional procurement methods, the buyer follows multiple steps to complete the procurement process, right from selecting the products, to getting them approved in various stages, rejecting, adding, etc. which takes a lot of time and effort if done manually.
However, with Oracle PunchOut catalog integration with your eCommerce store, the entire order fulfillment process is automated, which significantly reduces the time taken to process orders.
11. Provides Real-Time Pricing
With Oracle PunchOut Catalog integration, you can easily provide your users with real-time pricing, discounts, and availability information for the products added to the PunchOut catalog.
This gives the customers all the information needed to make a purchase decision and enhances the user experience, which works great for your business.
12. Edge Over Competition
Another important thing to keep in mind while doing online business is that customers have a lot of options to choose from. If you won’t provide them with the best services and features, your competitor will, and the customer will not think twice to switch over.
Oracle PunchOut catalog integration is one of the ways by which you can get an edge over your competition. Oracle eProcurement users prefer PunchOut catalogs, and you can provide them with the best; which is Oracle PunchOut catalog software.
That was all about Oracle PunchOut Catalog Integration. It not only automates the procurement process but also helps in enhancing the user experience of your eCommerce store by providing a lot of special features to the customers.
So what are you waiting for? Get Oracle PunchOut Catalog Integration with VARStreet today. Click on this to know more.