Containers Expo Blog Authors: Liz McMillan, Elizabeth White, Yeshim Deniz, Jonathan Ring, Cynthia Dunlop

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


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
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and...
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining senso...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, will discuss the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docke...
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
SYS-CON Events announced today that Coalfire will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Coalfire is the trusted leader in cybersecurity risk management and compliance services. Coalfire integrates advisory and technical assessments and recommendations to the corporate directors, executives, boards, and IT organizations for global brands and organizations in the technology, cloud, health...
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
SYS-CON Events announced today that MathFreeOn will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
SYS-CON Events announced today that Transparent Cloud Computing (T-Cloud) Consortium will exhibit at the 19th International Cloud Expo®, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The Transparent Cloud Computing Consortium (T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data proces...
Donna Yasay, President of HomeGrid Forum, today discussed with a panel of technology peers how certification programs are at the forefront of interoperability, and the answer for vendors looking to keep up with today's growing industry for smart home innovation. "To ensure multi-vendor interoperability, accredited industry certification programs should be used for every product to provide credibility and quality assurance for retail and carrier based customers looking to add ever increasing num...