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March 14, 2013
Paramount Technologies Announces the Release of WorkPlaceâ„¢ 2013 Web and Mobile Spend Management and Workflow Automation Solutions


July 21 - 26, 2013
Paramount Technologies is a Premium Exhibitor at the Sage Summit conference.
National Harbor, MD


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Punch-Out

Speed order processing and lower procurement costs by integrating real-time with suppliers' online catalogs
 

PunchOut (also known as Supplier PunchOut) is a technology designed to facilitate online procurement by simplifying item selection and ordering. WorkPlace PunchOut/cXML is based on cXML (commerce eXtensible Markup Language), the industry standard for PunchOut that ensures real-time compatibility with all cXML-compliant vendors.

WorkPlace PunchOut/cXML enables a requisitioner to select items for purchase directly from a vendor’s website.

WorkPlace users select the PunchOut vendor with a single click from the WorkPlace Requisition page to be taken directly to the customer specific site.  All browsing, shopping, real-time inventory availability and pricing are done from the vendor’s website and their catalog.  After shopping the site, when the user checks out, all of the items are populated as requisition line items in WorkPlace to complete the process of account code distribution, shipping information, approving and creating purchase orders.  Once the purchase order is created, it will be automatically sent to the vendor via cXML to complete the transaction.

Requisitioners can shop multiple vendors' online catalogs, and online purchases honor all existing approval processes.

Benefits of WorkPlace PunchOut/cXML

  • Catalog Maintenance Eliminated:   WorkPlace PunchOut/cXML eliminates the need for your buyers to update and maintain in-house catalogs: your vendors take on the responsibility of maintaining catalog product data
  • Faster, More Accurate Requisitioning:   Users access a vendor's catalog with a single click and requisition fields are automatically populated after shopping, speeding requisition entry and reducing errors
  • Catalog Is Always Current:   Vendor updates to pricing and on-hand inventory are immediately visible, and requisitioners have access to current pricing and catalog information
  • Maximum Compatibility:   WorkPlace PunchOut/cXML is based on commerce XML (cXML), the premier standard for the online exchange of business transaction information in common formats, ensuring maximum vendor compatibility
 
 
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