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July 13, 2011 —
LOS ANGELES, CA and CLEVELAND, OH — (Marketwire) — 07/13/11 — Business-to-Business eProcurement took a major leap forward with the partnership of Magento PunchOutCatalogs.com.
As an industry leader in the B2B eProcurement market, PunchOutCatalogs.com (“PunchOut”) provides Magento powered solutions to both buyers and suppliers, via seamless connectivity with all the major eProcurement platforms, including: SAP, Oracle, PeopleSoft, Lawson, Coupa, and Ariba.
Through the PunchOut Marketplace, large organizations can finally deliver on the ideal of a true ‘one-stop-shop,’ Amazon.com-like eProcurement experience. The PunchOut Marketplace enables companies to easily add Magento’s industry leading user interface to any ERP solution and, in turn, drive eProcurement compliance with a carrot, rather than a stick.
“Most large organizations are moving down the path of self-service eProcurement,” said Jack Mulloy, CEO of PunchOutCatalogs.com. “In order for any self-service solution to gain adoption, it must be extremely user friendly. With Magento as a core component of our solution set, we offer buyers and suppliers the most powerful, user friendly eProcurement solution in the market, bar none.”
“Magento’s eCommerce platform has been extremely successful in several segments of the market. We recognize B2B eCommerce customers can benefit greatly from our industry leading eCommerce platform,” said Jary Carter, VP of Sales for Magento. “PunchOutCatalogs.com has deep experience in the B2B eProcurement market and they are a logical partner as we pursue this strategic market.”
From a supplier perspective, PunchOut provides a turnkey, Magento powered shopping cart that integrates seamlessly with all eProcurement engines in the market. Suppliers can leverage the PunchOut solutions to embrace B2B eCommerce and connect with all of their buyers, regardless of which eProcurement platform the buyers are running.
Through PunchOut, any of Magento’s 100,000 merchants can add XML punchout or OCI roundtrip capabilities to their existing Magento instance or purchase a turn-key, punchout capable Magento solution.
About PunchOut
PunchOutCatalogs.com (PunchOut) is the fastest growing provider of Business-to-Business eCommerce solutions. PunchOut provides buyers with an attractive, fully customizable, and totally complementary layer on top of their eProcurement system, including SAP, Oracle, PeopleSoft, Ariba, and Coupa. PunchOut provides suppliers with a turnkey, Magento powered, shopping cart solution that integrates seamlessly with all of the eProcurement solutions in the market. www.punchoutcatalogs.com
About Magento
Magento is the fastest growing eCommerce platform with over 225 solution providers, 100,000 merchants and brands worldwide and a host of Industry Partners that create applications and extensions for the Magento platform. Magento is a feature-rich, professional Open Source eCommerce platform solution that offers merchants complete flexibility and control over the presentation, content, and functionality of their online channel. Based in Los Angeles, Magento is a fast-paced, entrepreneurial organization dedicated to the mission of enabling the eCommerce ecosystem. www.magentocommerce.com
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