New Video for PunchOut CXML – Electronic Purchasing from Catalogs
PunchOut is an industry standard based on cXML (commerce eXtensible Markup Language) to connect Requisition and Procurement applications directly to major e-commerce vendors. PunchOut enables a requisitioner to select approved items at negotiated prices within their purchasing system, for purchase directly from a vendor’s website. All browsing, shopping, real-time inventory availability and pricing are done from the vendor’s website and their catalog.
The new video demonstrates WorkPlace PunchOut. The benefits of PunchOut cXML integrated with a procurement solution are:
- No Catalog Maintenance. Catalogs are maintained by the suppliers. PunchOut catalogs eliminate the risk of ordering items that are no longer available, or where prices changed.
- Better Product Information. Buyers have access to up-to-date details about product availability, discounts, and shipping information, all maintained by the supplier, in real time.
- Spend Management. By accessing approved catalogs from within WorkPlace, procurement managers reap the benefits of negotiated prices with preferred vendors. PunchOut catalogs promote purchasing consolidation with easy access to the favored suppliers.
- Improved Shopping Experience. PunchOut catalogs simplify the buying process by letting users conduct product searches, read descriptions and user reviews, and compare items.
- Higher Productivity. PunchOut eliminates the duplicate entry of products selected into Requisitions and Purchase Orders and the printing and mailing of paper PO documents.
Paramount WorkPlace Requisition, Purchasing, and AP Invoice Automation offer best in class features including PunchOut and out-of-the box seamless integration with Dynamics GP, NAV, and AX.
WorkPlace PunchOut cXML video
About Paramount Technologies
Paramount Technologies is a leading global provider of Web and mobile spend management and workflow automation solutions for midmarket and enterprise organizations.
Our WorkPlace solutions automate requisition, procurement, project accounting, inventory management, time and expense transactions to make internal workflow processes more efficient, improve employee productivity, reduce time and errors, and save money. WorkPlace is designed for on premise, cloud, or hybrid deployments., free-standing or seamlessly integrated with a hosted or on premise ERP.
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