TUV SUD Brings Predictability Into Its Procurement Function

PARIS, July 12, 2011 /PRNewswire/ -- Hubwoo (EPA:HBW), a leading provider of Cloud Procurement services powered by SAP® software, today announced that TUV SUD has selected to deploy the SAP Supplier Relationship Management (SAP SRM) application via the Hubwoo Cloud to enable rapid deployment in line with a predictable economic model.

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

TUV SUD, a leading global technical services corporation, headquartered in Munich, Germany, launched its Internal Procurement Program in April 2010 to define and implement an optimised organizational structure, best practise processes, and a state-of-the-art conceptual design for corporate procurement at TUV SUD.

Steering such a worldwide purchasing organisation with decentralised requesters and local buyers requires optimised and modern tools.  An integral part of the new procurement concept at TUV SUD is a central procurement solution.  The goals of TUV SUD's procurement program include:

• Implementation of a globally applicable and accessible state of the art solution for the whole procurement community
• Features and functions to cover strategic and operative purchasing processes as well as vendor management and evaluation
• Group-wide acceptance of the solution on functionality, usability, performance and cost.
• Close integration to TUV SUD's implementation of SAP solutions, especially in regards to master data management
• Providing a standardized sourcing and procurement process

TUV SUD is deploying the following Cloud Procurement solutions from Hubwoo:

• Hubwoo eBuy, based on SAP SRM via the cloud
• Hubwoo eSource, based on the SAP Sourcing application, via the cloud
• Hubwoo eContract, based on the SAP Contract Lifecycle Management (SAP CLM) application, via the cloud
• Hubwoo Business Network as a supplier hub to electronically enable procure-to-pay transactions via a single connection
• Hubwoo Catalogue Content Management including quick quoting tool EasyOrder

Stefan Wirth, head of Corporate Procurement, TUV SUD, commented: "We've chosen Hubwoo as our new provider, because they provide a good fit with our present SAP solution-based landscape and support our strategies for future procurement."

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 TUV SUD (www.tuev-sued.com)

TUV SUD is a leading international service organization catering to the strategic business segments industry, mobility and certification. Over 16,000 employees are represented at more than 600 locations throughout the world. Optimizing technology, systems and know-how, the interdisciplinary specialist teams act as process partners to strengthen their customers' competitiveness.

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