PARIS and NEW YORK, Dec. 18, 2013 /PRNewswire/ -- Hubwoo (Euronext: HBW.NX), the world's leading open business network provider, and GEP, a leading global provider of procurement services and procurement software to Fortune 500 and Global 2000 enterprises worldwide, today announced that they are partnering to deliver best in class source-to-pay solutions in the cloud.
GEP and Hubwoo have agreed to leverage each other's strengths to provide a joint source-to-pay solution native to cloud, mobile, and touch technologies, and already connected to over one million businesses.
The joint solution will combine GEP's game-changing sourcing and procurement solution, SMART by GEP, a comprehensive, unified source-to-pay platform—including spend analytics, sourcing, contract management, supplier performance management and purchasing—native to cloud, touch and mobile technologies, with The Business Network by Hubwoo, an open B2B collaboration and catalog management hub that provides mass supplier enablement. Suppliers on the network will be able to collaborate on orders, invoices, RFQs, catalogs and other processes directly with buyers on the SMART by GEP platform.
"The GEP-Hubwoo combination draws upon the strengths of two highly-seasoned providers to offer a very competitive source-to-pay solution that includes an integrated network," according to Andrew Bartolini, Chief Research Officer at Ardent Partners, a noted advisory firm specializing in supply chain management. "This is a great example of a technology partnership where the sum can be greater than its parts."
Greg Mark, CEO of Hubwoo said: "Hubwoo is pleased to partner with the most innovative source-to-pay solution suite in the enterprise market." Subhash Makhija, CEO of GEP said, "This partnership is especially beneficial for those customers in need of an end-to-end procurement platform with a supplier network that can unlock the savings potential from their entire supply base."
More about SMART by GEP
SMART by GEP enables users to work without compromise—anywhere, anytime and on any device—tablet, mobile phone, laptop or PC.
Artfully designed and visually appealing, SMART by GEP provides robust, comprehensive sourcing and procurement functionality—including spend analysis, sourcing, contract management, supplier management and purchasing—in one unified e-procurement solution.
Easy-to-use and easy-to-deploy, SMART by GEP supports the fluid multi-tasking and flexible workflows required by real-world procurement professionals on the go. And it does all this, while leveraging cloud economics to reduce total cost of operation. So, SMART by GEP saves time and money, as it increases a procurement team's productivity, reach and impact.
Device-agnostic and easy to integrate with all major back-end systems, SMART by GEP leverages the knowledge base of the industry's leading provider of procurement services and software in field-tested, ready-to-use work and process flows, tools, templates, checklists and scorecards (inclusive of patent-pending innovations such as category workbenches, five-way matching and three-click RFPs.)
GEP is long recognized as a leading global provider of procurement services and procurement technology. In 2013 GEP was recognized in the Gartner Magic Quadrant for Strategic Sourcing Application Suites and was ranked in the leadership quadrant.
More about The Business Network by Hubwoo
The Business Network by Hubwoo connects companies to enable more productive B2B commerce.
As opposed to the buy-side focus of "supplier" networks, Hubwoo's business network is equally focused on buyer and seller value, with no supplier fees and open to integrate with all ERP, procurement and accounts payable systems. Hubwoo breaks down boundaries to user adoption.
The Business Network today is a cloud-based hub that has electronically connected over one million businesses and transacted over $110 billion in commerce, delivering spend compliance and invoice automation to businesses around the globe.
Hubwoo's Catalog & Search solution provides requisitioners with tools that they are already familiar with in their personal lives, enabling them to find the rights goods and services from approved suppliers in a multi-supplier search engine with a unique combination of quantitative specifications and qualitative reviews. Hubwoo manages over 130 million line items of goods and services catalogs in the cloud, the largest in the B2B industry.
Earlier this year Catalog & Search won a Golden Bridge award for "Best in Class SaaS and Cloud Solution."
About Hubwoo (www.hubwoo.com)
Hubwoo provides companies a step change in value for procurement, accounts payable and sales processes.
Powered by the worlds' 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 connects companies to over one million businesses around the globe.
Significant customers include BASF, Honeywell, Shell, Evonik, EDF, Nokia, 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. Hubwoo is listed in Compartment C on the Euronext Paris Eurolist.
ISIN: FR0004052561, Euronext: HBW, Reuters: HBWO.PA, Bloomberg: HBW:FP.
Follow us on Twitter @Hubwoo.
About GEP (www.gep.com)
GEP is a diverse, creative team of people passionate about procurement.
We invest ourselves entirely in our client's success, creating strong collaborative relationships that deliver extraordinary value year after year. We deliver practical, effective procurement services and technology that enable procurement leaders to maximize their impact on business operations, strategy and financial performance.
Named a Star Performer in Everest Group's Peak Matrix of Procurement Services Providers, a Winner in the HfS Blueprint Report on Procurement Outsourcing Providers and to the Supply & Demand Chain Executive 100 for nearly a decade, GEP is also ranked a leader on Gartner's Magic Quadrant analysis of the world's top procurement software providers. Clark, NJ-based GEP has ten offices and operations centers in North and South America, Europe and Asia.