Oracle Offers Punch-out in iProcurement
Punch-out lets B2B shoppers remain within an in-house application while traveling to other Web sites to shop.The term "punch-out" is making a comeback in online procurement circles. Oracle Corp., of Redwood Shores, Calif., on Wednesday announced a new online procurement feature that allows corporate buyers to browse and buy materials from online suppliers without leaving the Oracle iProcurement application. The idea behind punch-outa standard term in online procurement circlesis to provide users with a consistent business-to-business shopping experience on the Internet by enabling them to remain within an in-house application while traveling outside that to shop.
Previous to the punch-out feature, Oracle iProcurement users were required to navigate through supplier Web sites to find products and then head back to the procurement application to complete the order. With the new punch-out feature, users can search and complete transactions without leaving the iProcurement application, officials said.