More and more RFP’s are requiring punchout catalogs.
What is a punchout catalog?
A punchout catalog is an online catalog (generally a vendor catalog) that is created with standard protocols which are used to connect the punchout website to a client’s e-procurement system (i.e. Ariba, Coupa, Munis, SAP, Oracle, SciQuest, Peoplesoft, etc). It is hosted and maintained by the vendor. A punchout catalog enables communication between a buyer’s e-procurement system and the supplier’s web catalog so that relevant contracted product and pricing is seamlessly transmitted (see illustration).
Many companies and public sector agencies insist on punchout catalogs to enable paperless purchasing, real-time visibility to spending in their organizations, and accountability.