With any successful business transaction, building a relationship with your customers is crucial especially with a B2B businesses. In the eCommerce industry, it’s essential to create an enjoyable experience for your customers by making the process efficient and streamlined, and therefore securing future orders and retaining ongoing business relationships.
A B2B site that loads in 1 second has a conversion rate 5x higher than a site that loads in 10 seconds. - Portent
With sales in the B2B eCommerce industry growing by 17.8% in 2021, digitalcommerce360 eProcurement systems have contributed to this shift. With it accounting for 7.1% of B2B sales, and continuing to grow year on year, this process of buying supplies online is a more consumer-centric approach.
By integrating simplified buying processes it will help to optimise and future-proof your B2B business. As business-to-business transaction expectations have evolved, being compliant with best industry practices is important.
We will look at how ERP systems and Develo PunchOut connections can help the buying process for your customers and the growth of your business
What is PunchOut?
PunchOut is a streamlined process for B2B and B2G businesses, where buyers can browse their suppliers' catalogs and place orders from within their existing eProcurement system like Coupa, SAP Ariba, Jaggaer, Coupa, SAP, PECOS, Oracle and many more. If you’re not yet familiar with PunchOut, you can learn more about it in our ‘What is PunchOut blog’
Why does PunchOut win customers?
Originally PunchOut was used by only the largest businesses, the likes of Amazon - global distribution companies and government agencies. However, as the landscape changes, a wider range of B2B businesses are integrating this solution into their selling process, helping them to compete with larger suppliers, so they’re not left behind.
Governments and large corporations require refined transactions that automates the buying process - saving them time, money, and producing accurate results. Being compliant with PunchOut catalogs can put you at an advantage over your competition and is a common requirement in the tender process.
With our Develo PunchOut Connection, we can integrate your Magento or Adobe store, with 100’s of ERP systems such as Ariba, Oracle, Coupa, SAP, Pecos and more.