The Hidden 80%: Why Visibility Is the Next Frontier in Public Procurement
Public procurement is operating under more pressure than ever.Supply chain instability, transparency requirements, and shifting policy goals all demand clear, timely insight into every purchase. But even with strong eProcurement systems in place, as much as 80% of spend still occurs outside the system that leaders rely on for reporting. That’s the hidden 80% — […]
Punchout Catalog Integrations Made Simple – How To Get It Done
In the ever-evolving landscape of e-procurement, Corexpand stands out as a trusted leader, delivering state-of-the-art PunchOut Catalog solutions. With a rich history of successful integrations, we bring unparalleled support for a diverse range of industries. We have also learned that the best place to start is a conversation. If you have any questions regarding the circumstance or opportunity you are evaluating, we encourage you to give us a call or fill out our form to have your questions answered!
What Are PunchOut Catalogs and How to Get It Done With Ease
PunchOut Catalogs – Explained So, what exactly are a punchout catalogs? Punch out catalogs (more commonly spelled as punchout catalogs) are a powerful ecommerce technology. They provide a way for buyers to access a specific vendor’s catalog of products from within the buyer’s eProcurement system. Punchout catalogs are convenient for buyers, who can purchase from […]
What is cXML
cXML (sometimes referred to as commerce XML or c xml) is an open-source XML-based standard developed by Ariba and other eProcurement companies in the late 1990s. cXML allows organizations to send and receive transactions between a buyer’s eProcurement system and a seller’s online store. Many cXML standards include electronic purchase orders, invoices, and advanced shipping notifications. Punchout catalogs use cXML as the communication standard, and cXML is currently the most widely adopted B2B e-commerce protocol.
Using a Punchout Catalog as a Strategy to Increase Sales
For many small to medium-sized sellers, a punchout catalog is their entry into the world of B2B e-commerce. A punchout catalog is an eCommerce catalog integrated directly to a buying organization’s eProcurement system, and at its most basic level, it allows the buyer to shop and easily locate products and add them to their requisitions.
University Internal Royalty Program: Analysis of a Successful Launch
Priya Exantus, trademark licensing coordinator at Towson University, shared with us how she was able to launch a successful university internal royalty program, something other schools have struggled with. Here are some key takeaways from that conversation.
Use a tool that gives you control and tracking
Without tracking, it can be difficult, even impossible, to accurately measure the impact of your royalty program. Better yet, ensure that you’ve implemented the ability to track your ROI.
8 Tips on Selecting Punchout Software Vendor
Selecting a punchout software provider is a critical decision with long-term consequences for your relationships with your buyers. Each buying organization has multiple unique needs and specifications, and you need the flexibility to adapt to your client’s exact requirements. As a supplier, you know that while your clients may have many characteristics in common, their individual needs vary. Punchout is no different. When selecting a punchout software vendor, it’s important to do your homework. Here’s what to look for:
I’m a Small Seller. Are Punchout Catalogs Worth It For My Business?
Chances are very high that you’ve landed on this blog post because a customer has requested (or even mandated) that you connect to their eprocurement system via a punchout catalog. As a savvy business person, you’re conducting the cost vs. benefit analysis to see if punchout catalogs make sense. Isn’t complex ecommerce for big companies? Is it worth it for your small business?
Some real talk here. The answer is absolutely yes AND it depends. Let’s unpack that a bit.
Hosted Catalog Versus Punchout Catalog: Which Is Best for Me?
You’ve just learned from your customer that you have a choice between a hosted or punchout catalog. A hosted versus punchout catalog: how do you know what will be best for your business?
From the supplier’s perspective, there are very few scenarios where a hosted catalog is the better option.
Hosted Catalogs are:
Plain: There is no possible way to highlight your products or your brand with a hosted catalog. It might as well be a catalog in the corner.
Cumbersome to maintain: Updating products and pricing requires not only your effort but in some cases your clients’ time and effort too
One of many: When you provide a hosted catalog your products become part of a larger index of products. When a user searches, they are searching all the hosted catalogs–not just your catalog.
Punchout is by far the better option.
Getting a Punchout Catalog: A Supplier’s Journey
The supplier’s journey to getting a punchout catalog often it comes as a “good news/bad news” call from a customer or potential customer.
Customer: “Yeah, hey, we’d love to do business with you, but our vendors are required to set up a punchout catalog to connect to our ePro system.”
Seller: “OK, but what’s a punchout?”
Customer: “I’m not really up to speed on all the technical details, I just know it connects you to our system so we can buy from you there. Google it, I’m sure you’ll figure it out. Let me know when you’ve got it sorted out so we can place Enormous Order #1 with your company. Talk soon! Bye!”