Hubwoo Announces Next Generation Business Network

              Hubwoo Announces Next Generation Business Network

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

PR Newswire

PARIS, Nov. 15, 2012

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.

(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:

  oA dynamic company profile in The Business Network so businesses can be
    found by qualified buyers, much like professionals are found on LinkedIn
  oContext sensitive, intelligent advertising so businesses can market where
    real commerce is happening
  oA 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.

  oEmbeds sellers in the buying process of their customers for greater repeat
    business
  oEnables 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.

  oPre-matching business logic ensures that when sellers present electronic
    invoices any errors are known and resolved instantly for faster processing
    and fewer errors
  oLegal compliance and digital signatures assure that invoices meet over 38
    country-specific standards
  oReal-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.

  oFinds businesses by category or keyword and provides quantitative,
    qualitative, and dynamic information, similar to researching business
    professionals on LinkedIn
  oCloud 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.

  oElectronically enables all of a business' qualified suppliers, guaranteed
    through Hubwoo's managed on-boarding service
  oSimple and intuitive experience for requisitioners that makes finding and
    ordering on-contract as easy as a visit to Amazon.com
  oTurns 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.

  o100 percent electronic invoice presentment
  oIntelligence that allows buyers to define rules and tolerances at the
    invoice presentment source, heading off errors before they arrive at
    accounts payable
  oInvoice matching and approval solution which streamlines invoice approval
    based on rules, validations and workflow
  oService entry sheet management including goods, services, and rate cards
  oInvoice 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.

  oEnsures that user records, suppliers, contracts, catalog data, accounting
    information, budgets, and workflows are always up-to-date, approved and
    available for use
  oSupplier Master Sync enables buyers to push supplier profile management to
    the network. Suppliers eliminate costly ordering errors and payment
    delays
  oItem 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

Website: http://www.hubwoo.com
Contact: Rinus Strydom, Hubwoo, SVP Solutions and CMO, contact@hubwoo.com
 
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