The Business Network by Hubwoo delivers a step change in value to procurement, accounts payable and sales processes. Hubwoo enables companies, to find, connect, and collaborate with each other for more productive B2B commerce. As opposed to the buy-side focus of other networks in the industry, Hubwoo is equally focused on buyer and seller value. The Business Network today is a cloud-based hub that electronically connects over one million businesses around the globe.
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Hubwoo brings the power of B2B community to the masses
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Hubwoo Brings the Power of B2B Community to the Masses
New contract compliant procurement, supplier enablement and collaborative solutions
added on top of market-leading commerce network of over one million businesses
PARIS – May, 16
th
2013 – Hubwoo (Euronext: HBW.NX), a leading collaborative business network
provider, today announced availability of the next generation of intelligent commerce on The Business
Network, including new solutions for contract compliant procurement, mass supplier enablement, and
community tools for sellers.
Connecting Companies
The Business Network by Hubwoo delivers a step change in value to procurement, accounts payable and
sales processes. Hubwoo enables companies, to find, connect, and collaborate with each other for more
productive B2B commerce. As opposed to the buy-side focus of other networks in the industry, Hubwoo is
equally focused on buyer and seller value. The Business Network today is a cloud-based hub that
electronically connects over one million businesses around the globe.
Today’s solution announcement adds community capabilities to the network similar to those that business
professionals already enjoy every day in their personal lives.
“When professionals go home at night, they don’t think twice about clicking to buy what they need on
Amazon.com, checking payment statuses in their online banking, or about exploring what’s new with their
connections on Facebook,” said Greg Mark, Hubwoo CEO. “Hubwoo now brings those same familiar
capabilities in a business context.”
Easy Buy for SAP ERP customers
SAP MM customers can now enable compliant requisitioning to all employees by simply adding a skin on
top of their existing ERP investment, without requiring a separate eProcurement solution either on-
premise or in the cloud. Easy Buy is a presentation layer that offers an intuitive, consumer-like buying
interface, and reduces number of process clicks from thirty-two down to just four. The intuitive UI makes it
easier for requisitioners to find compliant goods and services, resulting in increased adoption and contract
compliant procurement.
Easy Buy reduces systems complexity and TCO compared to the alternate choice of buying and
implementing a separate eProcurement solution. It eliminates the need to manage additional database(s)
and hardware, the need to synchronize user, organizational, and accounting master data, and the need to
build workflow rules in an additional system.
Easy Buy works inherently with the cloud-based catalog and transactional capabilities of The Business
Network by Hubwoo.
Mass Supplier Enablement
For procurement and accounts payable functions Hubwoo is announcing technology automation and a
frictionless business model to scale its core competency of electronic enablement of suppliers even more.
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Process Automation: Hubwoo now facilitates even faster supplier nomination, automated matching against
the million businesses on the network, and online management and status control across suppliers of all
sizes. Supplier onboarding “on the fly” enables purchase order transactions to automatically check the
network for supplier matches and electronically onboard new suppliers.
Removing Commercial Friction: Over the past 13 years of operating a network, Hubwoo has found that
supplier fee contracts are the #1 obstacle to rapid supplier enablement. Hubwoo’s new commercial model
does not charge a tax or a toll to suppliers like the other major networks in our industry do. With no
commercial contracts required, joining The Business Network is made simple for suppliers so buyers can
gain more spend under management rapidly.
Once suppliers are connected they are able to conduct the full spectrum of source-to-pay transaction
processes with their customers on the network. In addition, suppliers have access to invoice and payment
status information directly on The Business Network which reduces inquiries to accounts payable driving
resource efficiencies on both sides.
Through Hubwoo’s Supplier Master Synchronization capability buyers can now also choose to have
suppliers update select supplier master information directly on the network, freeing up buyers from this
time consuming task and increasing data accuracy.
Seller Community Tools
Hubwoo brings intelligent marketing to sellers of all sizes. Over one million businesses now have
business profiles on The Business Network, much like professionals have online profiles on LinkedIn. The
enhancements to business profiles now include a unique combination of quantitative, qualitative and third
party data on businesses which enable spot buy and sourcing professionals to make quick and informed
decisions.
Business profile data includes company overview and contact information that can be self-administered or
augmented free of charge with data from Hubwoo’s partnership with Dun & Bradstreet.
Quantitative data includes activity statistics on the network such as number of active connections,
transaction volume, and catalog metrics.
Qualitative data includes new community ratings and recommendations on businesses.
For sellers it is easy to market yourself over a coffee break.
1. Register: Create a free company profile.
2. Enhance: Update business data, business categories, and certifications – also for free. The more
complete a business profile is, the higher it appears in search results. Companies can also
promote followers to their profile on The Business Network through a social media icon.
3. Differentiate: Market your company directly where commerce happens. Sellers can optionally
subscribe to context sensitive advertising as well as manage public catalogs for easy spot-buy
discovery.
“Hubwoo offers a comprehensive set of cloud-based and network-driven products and services designed
to drive value across procurement and account payable departments,” said Andrew Bartolini, Chief
Research Officer of Ardent Partners. “Core to its strategy and customer value proposition is its Business
Network which has grown to become one of the world’s largest business networks and a key differentiator
in the market.”
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About Hubwoo (www.hubwoo.com)
Hubwoo delivers a step change in value to procurement, accounts payable and sales processes,
increasing spend compliance and invoice automation. Powered by the world’s busiest open and
collaborative business network, Hubwoo connects companies to enable more productive B2B commerce.
Through The Business Network, Hubwoo is equally focused on buyer and seller value, helping companies
buy, sell and pay smarter. The Business Network drives value for organizations by connecting them to
over one million active businesses around the globe. 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’s global partnerships include
Microsoft, IBM, and Dun&Bradstreet.
Hubwoo has major operations in Paris, Houston, Chicago, Bonn, London, Manila, and Leuven. Listed in
Compartment C on the Euronext Paris Eurolist.
ISIN: FR0004052561, Euronext: HBW, Reuters: HBWO.PA, Bloomberg: HBW:FP
Press Contacts
Rinus Strydom, SVP Solutions & CMO, Hubwoo
Tel: +1 713 332 6900
Email: pressandmedia@hubwoo.com
Mike O’Connell, PAN Communications
Tel: +1 617 502 4300
Email: hubwoo@pancomm.com