GEP and Hubwoo Team Up to Unlock Customers’ Full Savings PotentialDecember 18, 2013
Joint solution combines GEP’s SMART applications and The Business Network by Hubwoo
PARIS / NEW YORK – December 18, 2013 – 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.”