Curb Exposure of Procurement and Invoice Data with a Business Network made in Europe
Make an Informed Decision Regarding Your Data
Data protection is not an isolated concern. Any organization dealing with a vast amount of data, as any procurement organization does, is now tasked with asking some serious questions around data security.
Businesses using a source-to-pay solution should ask themselves:
1. Where is all the data around my transactions being hosted?
2. Can my solution provider ensure that the U.S. Patriot Act won’t apply to my purchasing data?
3. By using my current solution provider am I complying with the requirements of the EU Data Protection Directive?
If your source-to-pay solution provider hosts data in the US you are at risk of:
1. Competitive information such as source of supply, award decisions, volume and unit price information being exposed
2. Being in breach of the requirements under the EU Data Protection Directive
The Business Network by Hubwoo is a made-in-Europe solution that helps you stay compliant, avoid risk, and enjoy the savings and efficiencies of a collaborative source-to-pay business network. We are the largest global business network with data resident on EU soil.
Make an informed decision when considering a business network. Request a meeting with a Hubwoo representative today.
The Ariba Network – A solution hosted in the US:
“The Solution is located in and operated from the United States”
“Any transfer of Personal Information from the European Economic Area to Ariba Affiliates located in countries outside the European Economic Area, which may not provide for an adequate level of data protection within the meaning of the European Data Protection Directive”
Source: Ariba Privacy Statement
Privacy should be a concern when it comes to SAP HANA on the Ariba Network
“SAP HANA will enable companies to harness the power of transactional, relationship, and member-contributed Ariba Network content to make faster and more informed selling, buying, and financial decisions.”
Source: Ariba Blog
A “different” approach to privacy
“The European Commission’s Directive on Data Protection went into effect in October of 1998, and would prohibit the transfer of personal data to non-European Union countries that do not meet the European Union (EU) “adequacy” standard for privacy protection. While the United States and the EU share the goal of enhancing privacy protection for their citizens, the United States takes a different approach to privacy from that taken by the EU.”