Microsoft to Use Hubwoo's Business Network to Improve its Internal Spend Compliance

PARIS, July 10, 2013 /PRNewswire/ -- Hubwoo (Euronext "HBW"), the world's leading open business network provider, today announced that Microsoft has selected The Business Network by Hubwoo for catalog management to improve spend compliance for Microsoft employees globally.

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Microsoft, headquartered in Redmond, WA, is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.  Microsoft is deploying Hubwoo's catalog management in the cloud to transform the efficiency and end-user experience for procurement across the company's 90,000 plus employees and contractors, with the key objective to drive bottom line savings.

"The Business Network's catalog management and search capabilities went through a thorough business and technology proof of concept to meet Microsoft's stringent requirements," said Christian Pedersen, General Manager of Microsoft Dynamics.  "We are pleased to extend the strategic partnership with Hubwoo to also include our own employees' use of The Business Network for Microsoft Dynamics®."

Catalog & Search, a module within The Business Network by Hubwoo, allows buyers to find both goods and services in a centralized, pre-approved, multi-supplier search engine and place orders as easily as they would for online consumer purchases.  Hubwoo manages over 100 million line items of goods and services catalogs in the cloud, the largest in the B2B industry.

Catalog & Search includes the following functions:

• The Catalog Search Engine aggregates supplier catalogs, internal services, stock levels, contract information, and supplier-hosted catalogs. With this powerful search engine, employees enjoy a one-stop requisitioning experience, searching by keyword, category and other criteria to find the goods and services they need to perform their duties. Procurement and finance professionals benefit by controlling the approved goods and services that departments or individuals have access to.
• Catalog Manager is a cloud solution that allows buyers and suppliers to collaborate on the process of publishing and approving catalog and content data. Catalog Manager for suppliers includes a content and catalog authoring tool that allows suppliers to upload new catalogs, make updates to existing catalogs and manage content templates. Catalog Manager for buyers acts as a staging area where category managers can easily find, filter and approve proposed catalog content from suppliers before publishing to employees.

Hubwoo is a global ISV partner of Microsoft Dynamics®, who together market The Business Network for Microsoft Dynamics®. The program pairs Hubwoo's global cloud business network for B2B commerce with industry-leading ERP solution Microsoft Dynamics®, extending the Dynamics community to the over one million companies already on The Business Network today.

"Microsoft is now not only a strategic go-to-market partner, but has put their trust in us by using Hubwoo technology for their own organization," said Rinus Strydom, Hubwoo CMO.  "Microsoft's own spend compliance choice is a strong testament to businesses globally."

About Hubwoo (www.hubwoo.com)

Hubwoo delivers a step change in value to procurement, accounts payable and sales processes, increasing spend compliance and invoice automation. Powered by the worlds' busiest open and collaborative business network, Hubwoo connects companies to enable more productive B2B commerce. Through The Business Network, Hubwoo is equally focused on buyer and seller value, helping companies buy, sell and pay smarter. The Business Network connects companies to over one million businesses around the globe. Significant customers include BASF, Honeywell, Shell, Evonik, EDF, Nokia,  Nationwide, Michelin, Henkel, Statoil, CONSOL Energy, EcoPetrol, Campbell's, Burton's Foods, and The Dow Chemical Company.  Hubwoo's global partnerships include Microsoft, IBM, and Dun & Bradstreet.

Hubwoo has major operations in Paris, Houston, Chicago, Bonn, London, Manila, and Leuven, and is listed in Compartment C on the Euronext Paris Eurolist.
ISIN: FR0004052561, Euronext: HBW, Reuters: HBWO.PA, Bloomberg: HBW:FP

SOURCE Hubwoo

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