Hubwoo Expands Global Agreement with SAP AG and Announces Milestones
Hubwoo, a leading provider of SAP® solution-based procurement services, today announced an expanded agreement with SAP AG. The agreement now covers the SAP® BusinessObjects™ Spend Performance Management, SAP E-Sourcing, SAP Contract Lifecycle Management (SAP CLM) and SAP Supplier Relationship Management (SAP SRM) applications. Hubwoo also announced milestone achievements including it's 25th customer using SAP E-Sourcing.
Paris (Vocus/PRWEB ) November 19, 2009 -- Hubwoo (ISIN: FR0004052561), a leading provider of SAP® solution-based procurement services, today announced an expanded agreement with SAP AG. Through the agreement, Hubwoo adds the SAP® BusinessObjects™ Spend Performance Management application to its business process outsourcing (BPO) services that are powered by SAP software, with a focus on the suite of procurement applications provided by SAP. In addition, Hubwoo also announced sourcing and spend analysis milestones achieved since the last expansion of its agreement with SAP.
SAP-based procurement solutions as-a-service
Hubwoo’s BPO Services “Powered by SAP”
As a vendor with BPO services that qualify as “Powered by SAP”, Hubwoo is enabled to effectively deliver business services including SAP solutions in a standardized and quality-assured way. Therefore, Hubwoo is further empowered to reduce clients’ total cost of ownership (TCO), accelerate time to business value, and reduce risks typically associated with the outsourcing of business services. Supporting these benefits, the relationship also allows customers to leverage the value of their existing investments in SAP solutions by including certified integration to core business systems. Through their agreement, Hubwoo and SAP cooperate on sales, marketing, strategy, solution delivery and services.
Expansion of SAP Agreement
To better fulfill its customers’ needs, Hubwoo has extended its footprint to add a spend analysis solution and cover the full source-to-pay business process. In today’s economic environment, customers are demanding integrated solutions across this entire business process to maximize their savings. Hubwoo is among the first providers of BPO services powered by SAP software to go to market based on the entire set of SAP procurement applications. The expanded agreement took effect in June 2009.
Hubwoo´s combination of technology, complementary services, and best practices delivered as-a-service to organizations allows clients to concentrate on their mission – strategic spend management. No large upfront capital investments are needed. Companies simply pay a subscription fee to use the following world-class service solutions:
Covered by the expanded BPO agreement
| | - eAnalyze: Spend analysis service offering based on SAP BusinessObjects Spend Performance Management - identifies savings potential, priorities, and supply risk
Covered by the existing BPO agreement:
- eSource: Sourcing and supplier information management solution based on SAP E-Sourcing - negotiates savings through RFx and reverse auction processes.
- eContract: Contract lifecycle management based on SAP Contract Lifecycle Management (SAP CLM) - applies sourcing savings via repeatable and compliant contract management.
- eBuy: eProcurement solution based on SAP Supplier Relationship Management (SAP SRM) - realizes savings by bringing maverick spend on-contract
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Value-added capabilities provided by Hubwoo
| | - eContent: Hubwoo’s market leading on-demand catalog content authoring and search capabilities - increases spend under management through automation and consumer-friendly search experience
- eConnect: Hubwoo’s best in class on-demand supplier network - accelerates savings by bringing more spend under management through rapid supplier enablement
- eInvoice: Hubwoo’s comprehensive on-demand invoice management solution – ensures efficiency and legal compliance for both goods and service invoice processing.
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Greg Mark, CEO of Hubwoo concludes: “SAP is clearly the leading business applications provider in our space, and Hubwoo complements SAP’s procurement offerings perfectly as a global provider, delivering a comprehensive service to the market. I am proud of the success we have achieved collectively with SAP, and look forward to providing our customers additional savings through strategic solutions such as spend analysis. Hubwoo’s global services and support capabilities are well suited to enable this incremental value.”
Relationship milestones
The expansion of the relationship is fueled by the mutual success achieved by Hubwoo and SAP. October marked the 25th SAP E-Sourcing-based customer enabled by Hubwoo since SAP E-Sourcing was added to the companies’ decade long cooperation in November 2007. October also marked Hubwoo’s first two SAP BusinessObjects Spend Performance Management-based customers, following the June 2009 expanded agreement.
“Hubwoo has shown a great deal of success delivering significant value-added services to our customers as a BPO provider,” said Dr. Christian Baader, vice president of the SAP Outsourcing and On Demand GTM Unit, SAP AG. “We are pleased to expand the scope of our global agreement with Hubwoo to enable our mutual customers to take advantage of even more complementary Hubwoo-procurement services and their rapid ROI.”
About Hubwoo (www.hubwoo.com)
Hubwoo is a leading provider of BPO-services based on SAP’s procurement solutions. The Company manages a business-to-business community with over 140 major international corporations as its customers (including 50 in the Fortune 1000) and over 70,000 active suppliers. Significant customers include Honeywell, Total, BASF, Diageo, EDF, Nokia, Michelin, Shell, Bayer, Henkel, Heineken, Hershey's, Consol Energy, EcoPetrol, Carl Zeiss, United Biscuits, The Dow Chemical Company, ENI, and Graham Packaging. The Company has international offices in Europe, Americas and Asia and is a strategic partner of SAP AG and IBM.
Listed in Compartment C on the Euronext Paris Eurolist.
ISIN: FR0004052561, Reuters: HBWO.LN, Bloomberg: HBWO FP
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world.
All other product and service names mentioned herein are the trademarks of their respective owners. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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