Thursday 19th December, 2013
As the year draws to a close, there was just time to squeeze in another big industry collaboration. This time the partnership announcement comes from Paris based Hubwoo and US based GEP, with the aim of delivering a best in class source to pay solution 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 source-to-pay solution, SMART by GEP - which includes spend analytics, sourcing, contract management, supplier performance management and purchasing 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 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 specialising 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.”
The resulting source-to-settle solution is being billed as one which will rival those of SAP/Ariba, Basware/BravoSolution and Coupa. We're looking forward to hearing more about the partnership in the New Year.