“We have seen substantial growth in the number of B2B distributors and manufacturers that leverage eCommerce as a primary sales channel, and the time is now to embrace commerce, accelerated further over the last year due to the COVID-19 pandemic."
CHARLOTTESVILLE, Va. (PRWEB) November 19, 2020
PunchOut2Go today announced it ranked 474th on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America, now in its 26th year. PunchOut2Go grew 190% during this period.
PunchOut2Go’s Chief Executive Officer, Brady Behrman, credits PunchOut2Go’s uniquely focused ability to integrate any B2B seller’s eCommerce software with any buyer eProcurement solution or ERP platform with the company’s 190% revenue growth. Integration via PunchOut2Go’s Platform-as-a-Service, enables platform-agnostic automation capabilities that include PunchOut catalogs, purchase order automation, and electronic invoicing, bridging the gaps between procurement and commerce, helping buyers and sellers do more, with less.
“We have seen substantial growth in the number of B2B distributors and manufacturers that leverage eCommerce as a primary sales channel, and the time is now to embrace commerce, accelerated further over the last year due to the COVID-19 pandemic,” said Behrman. “During the same period, B2B buyers have been widely adopting eProcurement solutions to digitize and streamline direct and indirect procurement and spend management.
“Buyers, related to procure-to-pay, want to control spend by enhancing their end-user’s marketplace experience and want to automate order-to-cash transactions with vendors to enable PunchOut catalogs, purchase orders, electronic invoicing, and other procurement transactions as needed. The immense diversity of the eCommerce and eProcurement space makes that a huge challenge, and our Integration Platform as a Service is ripley positioned since inception as the the only focused agnostic commerce to procurement solution capable of fast, low-cost, universal B2B eCommerce and eProcurement integrations for organizations on the digital transformation journey.”
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, Vice Chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
“Each year the Technology Fast 500 listing validates how important technological innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners’ list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media, and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity and a never-ending commitment to making technology advancements possible.”
About Deloitte’s 2020 Technology Fast 500TM
Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.
To be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
PunchOut2Go is a global B2B integration company specializing in connecting commerce business platforms with eProcurement spend management and enterprise resource planning applications, allowing companies around the world to streamline purchasing processes and transact electronically. Harnessing the power of the cloud, PunchOut2Go’s flexible iPaaS technology seamlessly links business applications to automate the flow of purchasing data and reduces integration complexities for PunchOut catalogs, electronic purchase orders, eInvoices and other B2B sales order automation documents in order to accelerate business results. Learn more at https://www.punchout2go.com.
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