Click here to close now.

Welcome!

Symbian Authors: Jack Newton, Kevin Benedict, Matthew Lobas, Shelly Palmer, RealWire News Distribution

News Feed Item

Hubwoo Announces Next Generation Business Network

Collaborative Business Network with over One Million Members Adds New Marketing Features and Enhanced Invoicing Capabilities

PARIS, Nov. 15, 2012 /PRNewswire/ -- Hubwoo SA (Euronext: HBW.NX), a leading collaborative business network provider, today announced availability of its next generation business process collaboration network, The Business NetworkThe Business Network has evolved from an enterprise class B2B eCommerce platform, founded in 1999, to today's leading multi-enterprise collaboration network that connects over one million global businesses.  It offers companies a new and smarter way to search, connect, and collaborate across procurement, marketing, selling, and finance business processes.  The result is a step change in savings, operational efficiency, and revenue for global companies of all sizes.

(Logo: http://photos.prnewswire.com/prnh/20110202/MM41149LOGO)

New capabilities include the launch of Hubwoo's Market Smarter business process which offers sellers the ability to differentiate themselves quickly and more effectively than static directories, traditional online advertising, and expensive paid search programs.  The Business Network upgrade also adds intelligent commerce functionality to the Invoice Smarter and Pay Smarter processes, as well as cross-business process enhancements for automated supplier enablement and master data exchange between the network and companies' on-premise systems.

The Business Network has over one million registered business members including buying organizations such as Honeywell, Shell, Evonik, Nationwide Building Society, Nokia, BASF, Hillshire Brands, Royal Bank of Canada, and EDF. These enterprises leverage The Business Network to realize a step change in savings in their sourcing, buying and paying business processes.  For sellers such as Schweitzer, a supplier of professional information and publications, Hubwoo's Business Network increases access to global buying organizations.  "We won more than EUR 2 million of additional business, where Hubwoo opened the door for us," stated Alexander Graff, PM, eProcurement, at Schweitzer.

Intelligent, collaborative processes within The Business Network include:

Market Smarter:
Functions include:

  • A dynamic company profile in The Business Network so businesses can be found by qualified buyers, much like professionals are found on LinkedIn
  • Context sensitive, intelligent advertising so businesses can market where real commerce is happening
  • A public catalog to present companies' products and services to a global audience

A recent study by Aberdeen Group, predicts that by 2013, 40 percent of suppliers will be identified through business network platforms.

Sell Smarter:
Order-to-cash process collaboration, in the cloud, that enables sellers to receive and manage orders electronically from buyers on The Business Network.

  • Embeds sellers in the buying process of their customers for greater repeat business
  • Enables sellers to collaborate with customers electronically regarding price, availability, orders, shipping and receipts

Invoice Smarter:
Invoice presentment and management for sellers that is both efficient and legally compliant.

  • Pre-matching business logic ensures that when sellers present electronic invoices any errors are known and resolved instantly for faster processing and fewer errors
  • Legal compliance and digital signatures assure that invoices meet over 38 country-specific standards
  • Real-time invoice & payment status available on-demand through the network, even for invoices delivered offline

Source Smarter:
Access to standardized business data on over one million global businesses.

  • Finds businesses by category or keyword and provides quantitative, qualitative, and dynamic information, similar to researching business professionals on LinkedIn
  • Cloud sourcing applications with a seamless link to on-premise enterprise systems

Buy Smarter:
Cloud procurement processes that enable a step change in spend under management and contract compliance.

  • Electronically enables all of a business' qualified suppliers, guaranteed through Hubwoo's managed on-boarding service
  • Simple and intuitive experience for requisitioners that makes finding and ordering on-contract as easy as a visit to Amazon.com
  • Turns a legacy ERP system into a requisitioning tool via a simple skin and The Business Network, without having to invest in a new eProcurement system.

Pay Smarter:
Cloud solution that fixes both paper invoice and timely invoice approval problems, clearing the way for strategic savings on early payment discounts.

  • 100 percent electronic invoice presentment
  • Intelligence that allows buyers to define rules and tolerances at the invoice presentment source, heading off errors before they arrive at accounts payable
  • Invoice matching and approval solution which streamlines invoice approval based on rules, validations and workflow
  • Service entry sheet management including goods, services, and rate cards
  • Invoice and payment status information online on The Business Network for 100 percent of a company's suppliers.  Enables dramatic reductions in status inquiries so accounts payable departments can free up staff to focus on strategic activities

CONSOL Energy has realized a step change in value by reducing its blocked invoices from 60 percent down to only 6 percent.

Intelligence Across Business Processes:
Master Data Exchange is a bridge between the cloud and companies' on-premise enterprise systems.

  • Ensures that user records, suppliers, contracts, catalog data, accounting information, budgets, and workflows are always up-to-date, approved and available for use
  • Supplier Master Sync enables buyers to push supplier profile management to the network.  Suppliers eliminate costly ordering errors and payment delays
  • Item Master Sync allows for easier maintenance of item master records for products and services updated by suppliers through The Business Network

As Facebook is for social collaboration and LinkedIn is for professional collaboration, The Business Network is for business collaboration.  Hubwoo helps over one million businesses position themselves for significant improvements in revenue, efficiency and savings.

About Hubwoo (www.hubwoo.com)

Hubwoo is a leading collaborative business network provider that manages The Business Network with over one million registered businesses including major international corporations as buyer customers.  Significant customers include BASF, Honeywell, Shell, Evonik, EDF, Nokia, Monsanto, Nationwide, Michelin, Henkel, Statoil, CONSOL Energy, EcoPetrol, Campbell's, Burton's Foods, and The Dow Chemical Company.

Hubwoo has major operations in France, multiple U.S. centers, Germany, the U.K., Philippines, Belgium, and Eastern Europe.Listed in Compartment C on the Euronext Paris Eurolist.

ISIN: FR0004052561, Euronext: HBW, Reuters: HBWO.PA, Bloomberg: HBW:FP

SOURCE Hubwoo

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of WebRTC adoption today, but the potential is limitless when powered by IoT.
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people's real needs and desires.
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will addresses this very serious issue of profound change in the industry.
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust IT industrialization – allowing customers to provide amazing user experiences with optimized IT per...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
The world is at a tipping point where the technology, the device and global adoption are converging to such a point that we will see an explosion of a world where smartphone devices not only allow us to talk to each other, but allow for communication between everything – serving as a central hub from which we control our world – MediaTek is at the heart of both driving this and allowing the markets to drive this reality forward themselves. The next wave of consumer gadgets is here – smart, connected, and small. If your ambitions are big, so are ours. In his session at @ThingsExpo, Jack Hu, D...
SYS-CON Events announced today that DragonGlass, an enterprise search platform, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. After eleven years of designing and building custom applications, OpenCrowd has launched DragonGlass, a cloud-based platform that enables the development of search-based applications. These are a new breed of applications that utilize a search index as their backbone for data retrieval. They can easily adapt to new data sets and provide access to both structured and unstruc...
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
We’re entering a new era of computing technology that many are calling the Internet of Things (IoT). Machine to machine, machine to infrastructure, machine to environment, the Internet of Everything, the Internet of Intelligent Things, intelligent systems – call it what you want, but it’s happening, and its potential is huge. IoT is comprised of smart machines interacting and communicating with other machines, objects, environments and infrastructures. As a result, huge volumes of data are being generated, and that data is being processed into useful actions that can “command and control” thi...
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal Systems Group, discussed how key attributes of mobile technology – touch input, sensors, social, and ...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists will peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fil...
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
Building low-cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, provided an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He also provided examples such as building a wearable device that provides transit or recreational information. He then reviewed the resources available to build wearable devices at home including open source hardware, the raw materials required and the options available to power s...