Hubwoo Teams up with Microsoft® to Enable B2B Collaboration in the Cloud
Companies sign global agreement to enable procurement and accounts payable
savings for Microsoft customers
PARIS, March 19, 2013
PARIS, March 19, 2013 /PRNewswire/ -- Hubwoo (Euronext: HBW.NX), a leader in
collaborative business networks, today announced that it has teamed up with
Microsoft Corp (Nasdaq: MSFT) to help tens of thousands of Microsoft ERP
customers with a step change in spend compliance and accounts payable
automation. Through this global alliance, the two companies will integrate and
jointly market The Business Network for Microsoft Dynamics®, enabling
businesses using Microsoft Dynamics AX with direct access to The Business
Network by Hubwoo. Phase I of the alliance is focused on customer savings in
spend compliance and accounts payable business processes. Phase II will
address additional processes such as customer relationship management and
accounts receivable automation among others.
"Traditional network models limit collaboration to the sharing of data between
trading partners while never exposing, let alone extending, the business logic
outside the four walls of an enterprise," said Gregory A. Mark, Chief
Executive Officer, Hubwoo. "The pairing of Microsoft's agile ERP capabilities
with Hubwoo's collaborative business network enables true multi-enterprise
business collaboration across the entire commerce process. The result is
incremental value for all network participants whether they are sourcing,
buying, paying, marketing, selling, or invoicing."
The Business Network by Hubwoo is a collaborative B2B network that has saved
companies hundreds of millions as a complement to their procurement and AP
systems, and conversely drives revenue and process efficiency for the over one
million businesses that exist on the network. The Business Network merges
three of the most pervasive technology drivers of the 21st century; community,
search, and ratings, with an enterprise-class B2B commerce platform which,
with the help of partners such as Microsoft, quickly scales to significant
Businesses on the network gain value by achieving MORE. Namely:
oMore procurement savings – an average of 17% more compliant spend,
resulting in 6-12% cost savings for every dollar or euro brought under
oMore early pay discounts – rules based invoice automation results in 90+%
first time invoice match rates, allowing full potential for discounts on
oMore revenue – additional orders from existing customers who put their
approved suppliers on employees' desktops and mobile devices.
oMore opportunities – B2B marketing results with exponentially higher
returns than traditional search engine ad word spend
Networked enterprises were 50% more likely than their peers to have increased
sales, higher profit margins, gain market share, and be a market leader, per
a 2011 McKinsey Global Institute report – "The Rise of the Networked
Uniquely designed to help companies be more agile and simplify
decision-making, Microsoft Dynamics AX includes built-in capabilities for
multiple industries and geographic regions, lets people make quick and easy
changes to processes and personal experiences to fulfill the shifting needs of
their business, no matter how complex the organization. The application gives
people across the company the information they need to do their job, access to
the Microsoft productivity tools they use every day, and built-in, contextual
business intelligence, empowering better decisions.
As part of the strategic alliance, Hubwoo will develop adapters that will
allow Microsoft Dynamics AX customers to connect their accounts payable,
procurement, customer relationship management, and accounts receivable
processes to The Business Network.
"By integrating the powerful capabilities of Microsoft Dynamics AX with the
world's leading collaborative business network, our collaboration with
Hubwoodelivers a solution that enables companies of all sizes to interact
with their trading partners electronically, helping organizations save more,
grow their business with existing customers and discover new opportunities,"
said Doug Kennedy, Vice President, Microsoft Dynamics.
About Hubwoo (www.hubwoo.com)
Hubwoo is the world's leading collaborative business network provider,
connecting companies to enable more productive B2B commerce. Through The
Business Network, Hubwoo's open and collaborative business hub, Hubwoo makes
it easier for companies to search, connect and collaborate. The Business
Network drives value for organizations by connecting them to over one million
active businesses around the globe. With Hubwoo, buyers can source smarter,
buy smarter and pay smarter. Sellers can market smarter, sell smarter and
invoice smarter. 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
Contact: Rinus Strydom, SVP Solutions & CMO, Hubwoo, +1-617-785-2861,
firstname.lastname@example.org; or Michael O'Connell, PAN Communications,
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