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
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, discussed the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insights from the vast t...
SYS-CON Events announced today that EnterpriseTech has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. EnterpriseTech is a professional resource for news and intelligence covering the migration of high-end technologies into the enterprise and business-IT industry, with a special focus on high-tech solutions in new product development, workload management, increased effic...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and ...
SYS-CON Events announced today that CHEETAH Training & Innovation will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CHEETAH Training & Innovation is a cloud consulting and IT training firm specializing in improving clients cloud strategies and infrastructures for medium to large companies.
SYS-CON Events announced today that Datanami has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datanami is a communication channel dedicated to providing insight, analysis and up-to-the-minute information about emerging trends and solutions in Big Data. The publication sheds light on all cutting-edge technologies including networking, storage and applications, and thei...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...