The Business Network is Hubwoo’s open collaborative business platform, a digital B2B marketplace with over one million active businesses. It leverages three of the most pervasive technology drivers of the 21st century – community, search, and ratings – on top of a leading platform of enterprise-class B2B commerce.

1. THEBUSINESSNETWORK
T H E B USI N E S S N E T W O R K
THEBUSINESSNETWORK
T H E B USI N E S S N E T W O R K
T H E B USI N E S S N E T W O R K
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BUSINESS
NETWORKS
Enabling You to Achieve the
Pinnacle of Procure to Pay ROI
Business Networks Drive
Spend Compliance
THE BUSINESS NETWORK
Benefits for Buyers
6% TO 12%
for every $, €, £ brought
under management
INCREASE
spend under management
with savings between ENABLE
electronic collaboration across
the entire source-to-pay
transaction lifecycle
DRIVE
on-contract
requisitioning with an
intuitive catalog &
search experience
FIND
qualified
suppliers that
meet your
criteria
Business Networks Drive
Invoice Automation
THE BUSINESS NETWORK
Benefits for Accounts Payable
MAKING IT EASIER TO
Manage
Check
Approve invoices
ƒƒ Stay compliant with global legal
requirements
ƒƒ Ability to take early pay discounts by having
approved invoices ready at the beginning of
the payment terms
ƒƒ Service entry sheet presentment including
goods, services, and rate cards
ƒƒ Eliminate manual call center activities with
online dispute resolution and invoice &
payment status
Taking your organization’s invoicing
process beyond paperless, to accurate
INCREASED
Automation
Efficiency savings
Returns on cash through
dynamic discount
management
COMPLIANCE
Legal compliance and digital
signatures for compliance to
38 country-specific standards
ACCURACY
Receive invoices
accurately through
conditional rules with first
time match rates over 95%
95%O R M O R E
How Business Networks
Make a Difference to
Procurement and Accounts
Payable Organizations
COST SAVINGS
Cost of a single requisition to order cyclea
$33.45
NOT USING A
BUSINESS NETWORK
$22.30
USING A BUSINESS
NETWORK
a 2012 Aberdeen on Supplier Networks
CYCLE TIME REDUCTION
Average number of days to complete
a requisition to order cycleb
15.5 days
NOT USING A
BUSINESS NETWORK
15.5
11.2
11.2 days
USING A BUSINESS
NETWORK
“Networked
enterprises were
50% more likely
than their peers to have
increased sales, higher profit
margins, gain market share,
and be a market leader.”c
b 2012 Aberdeen on Supplier Networks
c McKinsey on Business Technology - “The Rise of the Networked Enterprise”
Business networks have been
proven to help companies
in their search for more
HUBWOO CUSTOMERS USING THE
BUSINESS NETWORK HAVE FOUND
$ €$65 MILLION
MORE SAVINGS
I N F I V E Y E A R S
€2 MILLION
MORE UPSELL
T O C U S T O M E R S
Reach the pinnacle of ROI
no matter which end of the
spectrum you start saving
ROI
INDIVIDUAL TECHNOLOGY SOLUTIONS
WITH A BUSINESS NETWORK
No matter where you start—AP automation or
spend compliance—A Business Network allows
both ends (procurement and accounts payable) to
leverage the same technology platform for their
procure to pay process, resulting in the greatest
ultimate ROI opportunity. Business Networks
maximize the percentage of catalog-based
purchases, PO-based invoices and
accurate invoices.
PROCUREMENT
FUNCTION
Leverages technology for
sourcing and buying.
COMBINED ROI
Leverages the same
technology for the entire
procure to pay process.
ACCOUNTS PAYABLE
Leverages technology for
invoice automation.
What are the factors to
consider when choosing
a business network?
SIZE
The more suppliers on a business network, the
wider the range of selection, the higher the
chance of buyers to end up in better deals.
COST TO SUPPLIERS
Business networks that
charge supplier fees have a
direct impact on TCO (total
cost of ownership) to buyers:
CHOOSING A BUSINESS NETWORK WITH
NO SUPPLIER FEES MEANS
SUPPLIERS WON’T
be passing along extra
costs to you in the form of
higher prices
Other PROMINENT NETWORKS
in the industry charge BOTH A TAX
(% of spend) AND TOLL (fixed
annual fee) to your suppliers
MORE
SUPPLIERS
on board more
quickly
THE BUSINESS NETWORK BY HUBWOO
ƒƒ Over one million businesses
ƒƒ No taxes or tolls on suppliers