PunchOut2Go is Being Renamed TradeCentric
On June 1st, PunchOut2Go will change its name to TradeCentric. Here are some frequently asked questions and answers about the company’s new name and the decision to make this exciting change.
Why is PunchOut2Go changing its name?
When PunchOut2Go was founded a decade ago our products and services focused entirely on the punchout process, where buyers are able to browse supplier’s catalogs online and then purchase goods or services within their e-procurement system.
As we connected with more and more businesses around the world, we discovered a considerable opportunity to expand on our existing technology and develop complementary solutions that automate a broader scope of B2B transactions for our customers. Our new name, TradeCentric, reflects the full scope of our business today and where we will take it in the future.
Is PunchOut2Go being acquired by TradeCentric?
No. PunchOut2Go is changing its name to TradeCentric. Same team, same owners, same products and services, just a new name. Punchout will remain the cornerstone of our business.
Why change the company name now?
After 10 years as PunchOut2Go, it was time for a name that speaks to both our Punchout capabilities as well as the millions of B2B transactions that we automate for our customers.
Today, we offer the industry’s best punchout integration and automation solution as well as a full suite of offerings that support the entire digital procurement and commerce lifecycle. These offerings include the automation of orders, invoices, quotes, acknowledgements, notifications and marketplace integrations. As we continue to evolve the business to meet our customers’ needs it makes sense to step into a name that reflects these changes and our future direction.
Is the company still in the Punchout business?
Yes! Punchout was, is and always will be fundamental to our business, and we are the global leaders working with more than 3,000 businesses in over 40 countries. It has taken 10 years to achieve our position as the undisputed market leader in Punchout solutions, and we plan to keep building on that position. We’ve expanded our offerings over the years to meet the evolving needs of our customers so we want a name that reflects the full range of what we do - including Punchout.
Why did the company choose the name TradeCentric?
Our platform sits at the center of B2B transactions that occur between buyers and sellers as they trade goods and services. Being centric to trade between our customers and their trading partners led to our choosing TradeCentric.
We are not eCommerce. We are not eProcurement, nor ERP. We occupy a unique position that is central to the trading process that happens between buyers and sellers. TradeCentric reflects our deep connection to the buyer and seller community which enables them to achieve a seamless and streamlined trading experience. We are, literally, “trade centric.”
How does this change impact the business?
We are the same team, same owners, same solutions, same services, same partners, same customers and same values. We have the same mission, to help companies connect with their trading partners, and the same vision, to connect every business in the world with their trading partners, embracing digital transformation and automation of business-critical transactions.
What is TradeCentric?
TradeCentric sits at the intersection of eCommerce and eProcurement, helping B2B buyers and sellers connect, automate, and scale their digital trading capabilities. Our purpose-built integration platform is a fully-managed, highly secure cloud solution built to handle the complexities of B2B trade and transaction processes, and enable a seamless digital experience for both buyers and sellers. With more than 10,000 businesses around the world relying on us every day, TradeCentric is transforming the way businesses do business.
I am a buyer customer, how does this change affect me?
First and foremost, you will continue to receive the high quality service and support you have come to rely on from us. The PunchOut2Go Portal and the PunchOut2Go Gateway will be migrated to TradeCentric on separate schedules. On June 1, 2022, the PunchOut2Go Portal will be redirected to the TradeCentric Portal. Visitors will see a new look and feel along with all the existing functionality of the PunchOut2Go Portal.
No changes to the PunchOut2Go Gateway are happening at this time.There will be no changes to Gateway access or integrations with the initial name change. We will coordinate with customers and trading partners later in the year to plan and schedule migrating connections over to the new domain. During the migration later in the year, we will work with each customer to ensure that the transition occurs on their schedule, with ample time for testing and review. Additional information and details on migration will be forthcoming.
Going forward, we will be able to service more of your needs pertaining to the automation of trade with your seller partners, and we will be able to introduce you to more sellers you may want to do business with.
If you have any questions, please contact Sean Weber, VP, Customer Success, sean.weber@punchout2go.com
I am a buyer customer; how does this affect my users?
We do not expect the transition from PunchOut2Go to TradeCentric to have any impact on your users. In the coming months, we will work with you to ensure migration of all your connections and integrations. We will also provide ample time for testing and review.
I am a seller customer, how does this change affect me?
First and foremost, you will continue to receive the quality service and support you have come to rely on from us. The PunchOut2Go Portal and the PunchOut2Go Gateway will be migrated to TradeCentric on separate schedules. On June 1, 2022, the PunchOut2Go Portal will be redirected to the TradeCentric Portal. Visitors will see a new look and feel along with all the existing functionality of the PunchOut2Go Portal.
No changes to the PunchOut2Go Gateway are happening at this time. There will be no changes to Gateway access or integrations with the initial name change. We will coordinate with customers and trading partners later in the year to plan and schedule migrating connections over to the new domain. During the migration later in the year, we will work with each customer to ensure that the transition occurs on their schedule, with ample time for testing and review. Additional information and details on migration will be forthcoming.
Going forward, you will realize more value from our relationship as we help increase your visibility and preferred status with your buyers, while enabling you to streamline operations, eliminate manual processes, reduce errors and improve efficiency overall.
If you have any questions, please contact Sean Weber, VP, Customer Success, sean.weber@punchout2go.com
I am a seller customer; how does this affect my customers?
We do not expect the transition from PunchOut2Go to TradeCentric to have any impact on your users. In the coming months, we will work with you to ensure migration of all your connections and integrations. We will also provide ample time for testing and review.
Will this affect access to the PunchOut2Go Portal?
Beginning June 1, 2022, users of the PunchOut2Go Portal will be redirected to the TradeCentric Portal. Visitors will see a new look and feel along with all of the existing functionality of the PunchOut2Go Portal.
Will any integrations go away as you focus on new services?
No. We will continue to support all our existing integrations and will be here for you for maintenance and upgrades for those integrations and to help you add additional ones as you continue to grow your business.
I am a technology partner, how does this change affect me?
We are dedicated to our partner community and are committed to continuing to invest in improving our partnership network and deepening our relationship with strategic partners.
If you have any questions, please contact Tom Roberts, CMO, tom.roberts@punchout2go.com
Does this mean the company's EIN/tax ID is changing?
No. The change in name does not mean our EIN/tax ID is changing.
Are there any other changes can we expect?
You can expect us to continue to invest in the business we’ve built over the past 10 years and be a leader and innovator in the integrated B2B commerce market. We will continue to provide the expert integration technology, service, support and maintenance our customers expect from us. You’ll also see a more dynamic product roadmap that includes better visibility, analytics and reporting. And we will explore ways to leverage our community of buyers and sellers to benefit our customers and partners.