Hubwoo and Crossgate Announce Global Alliance

Worldwide customers to accelerate electronic trading partner collaboration through a combined supplier network

Apr 18, 2011, 14:00 ET from Hubwoo

PARIS, April 18, 2011 /PRNewswire/ -- Hubwoo (Euronext: HBW.NX), a leading global provider of Cloud Procurement services powered by SAP® software, and Crossgate, a global leader in business-to-business (B2B) integration and e-Invoicing compliance, today announced the launch of a strategic global alliance.  

(Logo:  http://photos.prnewswire.com/prnh/20110202/MM41149LOGO)

Under the terms of the alliance agreement, Hubwoo and Crossgate have combined their B2B networks so that enterprises can gain access to hundreds of thousands of active trading partners globally through a single connection.  Hubwoo will utilize the SAP® Information Interchange application by Crossgate as its standard B2B integration technology to deliver "out-of-the-box" connectivity with SAP solutions along with simplifying supplier enablement for both integrated and portal suppliers.  Crossgate will also resell Hubwoo's supplier community and portal infrastructure as part of its supplier enablement and e-Invoicing solution set.

The resulting cloud-based supplier network leverages the best of Hubwoo's collaboration hub and the SAP-qualified B2B integration technologies from Crossgate.  

Features of the joint network:

  • Access to hundreds of thousands of trading partners of all sizes
  • Single integration point via SAP Information Interchange  to a buyer's supply base
  • Outsourced, fully managed supplier enablement
  • 24x7 help desk for trading partners in 14 languages
  • Support for the entire source-to-pay business process
  • Improved trading partner relationships and performance management
  • Process efficiencies with reduced cycle times to deliver significant cost savings
  • Supplier enablement can be combined with compliant electronic invoicing

Benefits of the network:

  • Procurement executives benefit by accelerating their electronic supplier enablement, increasing spend under management, and discovering new sources of supply.
  • Accounts payable departments benefit by automating invoice presentment, legal compliance, digital signature, and archiving.
  • Supplying companies benefit by streamlining order-to-cash processes, reducing Days Sales Outstanding, and marketing to thousands of large enterprise buying corporations, including the global SAP customer base.

"Hubwoo is pleased to go-to-market alongside Crossgate to offer a market-leading global supplier network solution to both enable and support 100% of an enterprise's procurement trading partners.  This alliance allows us to offer customers access to our existing and growing supplier network utilizing an SAP application.  It also provides us with significant incremental channels for the Hubwoo supplier network," said Gregory A. Mark, Chairman and CEO of Hubwoo.

"Crossgate is pleased to partner with Hubwoo to extend the reach of our supplier network. In today's changing global economy, many companies are already actively participating in global business networks. By integrating Hubwoo's supplier community with SAP Information Interchange by Crossgate, we continue to expand the largest pre-integrated trading partner community in the world and simplify B2B integration for organizations running SAP applications," said Stefan Tittel, CEO, Crossgate AG.

About Hubwoo (www.hubwoo.com)

Hubwoo is a leading global provider of Cloud Procurement solutions.  The Company manages The Business Network with over 200,000 active suppliers and over 150 major international corporations as buyer customers of which 50+ are in the Global 1000.  Significant customers include Honeywell, Shell, Evonik, EDF, Nokia, Monsanto, Michelin, Henkel, Statoil, The Hershey Company, CONSOL Energy, EcoPetrol, Carl Zeiss, 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.NX, Reuters: HBWO.PA, Bloomberg: HBW:FP

About Crossgate (www.crossgate.com)

Crossgate offers the world's first Business-Ready Network, guaranteeing 100% integration of business partners, customers and suppliers. A single connection to the Network means electronic data exchange with any business partner regardless of their technical capability. Through Crossgate's global reseller agreement with SAP AG, SAP resells SAP Information Interchange by Crossgate as a solution extension, a standardized B2B content engine enabling SAP customers to exchange B2B and EDI data with any partner, in any data format, anywhere in the world.

With its legally compliant e-Invoicing Services, Crossgate also provides an innovative and 100% secure solution to cover the entire process of incoming and outgoing invoices, including signatures, global compliance monitoring, and secure automated long-term archiving in over 38 countries including Brazil, Mexico, Argentina, and the European Union. Hundreds of thousands of business partners, representing over 10 industries, currently exchange documents and data via the Business-Ready Network.

Crossgate has corporate headquarters in Munich, Germany, with global operations in Atlanta, London, Milan, Paris, and AsiaPac.

SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.

SOURCE Hubwoo



RELATED LINKS

htp://www.hubwoo.com


http://www.crossgate.com