Technology Breakthrough Levels the Playing Field for Diversity Suppliers

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New PunchOut technology empowers small, women, and minority owned businesses to compete with larger suppliers by making it easier and more affordable to connect to the e-procurement systems of large purchasing organizations.

An e-commerce innovation that is changing the game for diversity suppliers nationwide.

...any supplier, even those who don’t have their own IT staff, can create a state-of-the-art PunchOut catalog, and do it for a fraction of the price...

New PunchOut technology empowers small, women, and minority owned businesses to compete with larger suppliers by making it easier and more affordable to connect to the e-procurement systems of large purchasing organizations.

For years, large suppliers have enjoyed a competitive advantage with bigger clients such as Fortune 500 companies and government purchasing organizations.

Within electronic purchasing, or e-procurement systems, suppliers of any size can submit their product offerings via data files that the customer stores within their databases. This data appears within the e-procurement system in the form of a list of line items from which the buyer can choose.

When supplier products are offered in this way, it is referred to as a ‘line item’ or ‘hosted’ catalog. The advantage that large suppliers have, however, comes from a different way of connecting to the e-procurement system.

They use what is called a PunchOut catalog. This type of connection allows buyers to make purchases through a dedicated web catalog that connects directly inside the e-procurement system via complex technical protocols.

Because of the graphics-rich, more ‘Amazon-like’ buying experience compared to the limited, line-item style of hosted catalogs, buyers most often prefer to shop and buy from these types of catalogs.

Up until now, because of the high cost and technical complexities involved, only large suppliers with significant capital and technology resources could afford to utilize PunchOut catalogs.

But an e-commerce solutions company based in Atlanta, Georgia called CoreXpand has changed the game for good.

“We’re all struggling to recover from a tough few years, and we thought it was time we did something to make a difference.” stated Lindsey Tanner, founder and CEO of CoreXpand.

Using a software enterprise platform that has reliably served thousands of businesses from mom-and-pop startups to Fortune 500 companies for over 11 years, CoreXpand has created a system that allows suppliers to quickly and easily create a PunchOut catalog that is compatible with any type of e-procurement system.

According to Tanner, “The best part of our system is that any supplier, even those who don’t have their own IT staff, can create a state-of-the-art PunchOut catalog. And because of some remarkable breakthroughs we’ve created they can now do it for a fraction of the price that they might pay elsewhere.”

For additional information on this new technology, contact Lake Furney (info on this page). For a clear sense of what this technology can do you for your business, you can get a free, no-obligation consultation with one of the resident e-commerce experts at CoreXpand.

About CoreXpand: For over 11 years, CoreXpand has dedicated itself to simplifying and perfecting the way buyers and sellers connect online. Thousands of businesses and millions of users have bought and sold billions of products and services using CoreXpand solutions.

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Lake Furney
CoreXpand, LLC
678-303-0332
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