From the Wires
Hubwoo Announces Next Generation Business Network
Collaborative Business Network with over One Million Members Adds New Marketing Features and Enhanced Invoicing Capabilities
By: PR Newswire
Nov. 15, 2012 05:03 PM
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 Network. The 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.
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:
A recent study by Aberdeen Group, predicts that by 2013, 40 percent of suppliers will be identified through business network platforms.
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:
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
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