PUNCHOUT

Optimize eProcurement
with PunchOut

Shop millions of products within Fraxion's eProcurement software with PunchOut catalog integration

Centralize and streamline purchasing

The process of manually purchasing goods from a supplier's catalog can be time-consuming. If your eProcurement software doesn't support internal catalogs, you might find yourself logging in to an online catalog several times, obtaining quotes and gaining approval before a purchase order can be generated and manually sent to a supplier. Even with an in-house catalog connected to the procurement system, the catalog may not necessarily reflect accurate pricing or stock availability, leading to additional emails and phone call enquiries.

Wouldn't it be great if you could navigate from your purchase request directly to a supplier's online catalog in real time, add items to your cart, and have those items reflect in your purchase request as soon as you check out? With PunchOut catalog integration, you can do exactly that!

What is PunchOut? A method of purchasing from a supplier's website from within a buyer's eProcurement software application.

Fraxion Spend Management

 

Benefits to your business

Invoice approval

No maintenance

Catalogs maintained by PunchOut vendor, with any changes to item availability, current discounts, related shipping costs and pricing made visible to users in real time.

Catalogs

Precise product info

Catalogs are maintained by PunchOut suppliers, and buyers within Fraxion can take advantage of more accurate item details and real-time inventory.

PunchOut

eCommerce experience

Access PunchOut catalogs directly from Fraxion. Enjoy an easy and familiar online shopping experience within Fraxion's eProcurement interface.

Multi-level approval workflows

Increased productivity

PunchOut enables more efficient order processing, through online automation that saves time and streamlines the purchasing cycle.

Configurable process workflows

Supply chain efficiency

Gain integrated access to millions of products. Simplify sourcing and eliminate the time and effort that would be spent browsing numerous supplier sites.

Cash advances

Spend control

Simplify purchasing processes without losing financial control. Eliminate rogue spending by leveraging established purchase requisitioning and approval workflows in Fraxion.

Suppliers

Convenience

Browse catalogs, shop, checkout and take advantage of fast, convenient fulfillment and shipping processes.

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Policy control

Ensure that all PunchOut purchases are tracked, in budget, and procurement policy compliant.

 

 

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PunchOut catalog integration

PunchOut online in 10 easy steps:

  1. Create a purchase request, then click the PunchOut button.
  2. Select a PunchOut supplier to buy from.
  3. Add items to your cart, then checkout.
  4. Items are automatically added to your purchase request.
  5. Update the required fields in your purchase request, such as delivery address and approval flow.
  6. Submit for approval.
  7. Once approved, a purchase order is created in Fraxion.
  8. The buyer submits the purchase order electronically to the supplier.
  9. Once the purchase order is accepted by the PunchOut supplier, the order is considered as placed, and the invoice can be captured in Fraxion.
  10. The order can be viewed in open purchase orders and receipts can be created against it, once the items have been delivered.

Faster purchasing processes and complete visibility
“Fraxion allows companies to accurately and efficiently expedite any and all purchases. Companies automate routing and approvals, establish dollar limits, and more. All with a complete visibility and a complete audit trail to record accountability. With Fraxion, we just enter the info in the system, even from remote locations. Everything goes through the whole approval process automatically. Most orders only take one to two minutes to complete.”

Accountability and process efficiency
“Fraxion has streamlined our purchasing and procurement process tremendously. And it definitely has alleviated the need for our buyer to do so much manual work. We have better accountability in tracking approvals.”

See a PunchOut demo
                             
                                   Request a demo today and see how Fraxion's PunchOut functionality simplifies purchasingsimplifies purchasing