Directworks Announces Updated Sourcing and Supplier Management Tool, Directworks 4
On October 3, Directworks, the Pennsylvania-based provider of sourcing and supplier management solutions for the cloud, announced that it has updated its cloud-based sourcing and supplier management tool, Directworks 4 with two new features: Product Manager and Supplier Parts Qualification. Product Manager provides internal and external stakeholders with a cloud-based tool that allows both parties to collaborate on the management of indirect and direct products needed to sustain a company and its supply chain. It allows users to gain visibility into and control over business processes and mitigate supply and supplier risks. For its part, Supplier Parts Qualification allows users to streamline quality control for their direct and indirect parts, no matter what industry standard they use. Practitioners can use configurable processes, gain visibility into key milestones, and ensure that technical documents are securely shared and stored.
Hubwoo Announces Financial Results for the First Half of 2016
Earlier this fall, Hubwoo (Euronext: HBW.NX), the Paris-based provider of spend management and business process automation solutions for the cloud that is owned by Perfect Commerce, announced financial results for the first half of 2016. Hubwoo officials attributed decline in revenue and in the SaaS component to the lapse of customer contracts and ultimately to the company’s technology transition that it had undergone in the last several quarters. Half-year highlights include:
- €11 million in consolidated revenue, compared to 6.2 million Euros in 1H 2015, or a -15% difference year-over-year
- EBIDTA of €2.5 million, compared to €1.3 million in 1H 2015, or a 95% growth year-over-year
- Net earnings of €0.5 million, compared to a loss of €15.8 million in 1H 2015
- Operating cash flow of €-0.5 million, compared to cash flows of €0.4 million in 1H 2015
- €4.9 million in cash on hand, compared to €5.0 million in 1H 2015, a difference of 5% year-over-year
Rosslyn Data Technologies Launches Automated Data Analytics Solution
On October 25, London-based Rosslyn Data Technologies, which provides cloud-based big data management and analytics solutions for enterprise procurement teams, announced that it has just launched RAPid One-Click Data Analytics, its cloud-based, automated data analytics solution suite. Readers of CPO Rising may recall that we profiled Rosslyn (formerly known as Rosslyn Analytics) back in July 2015 and earlier in January 2015. They have been developing upon one of their signature solutions, RAPid In-Touch, to provide users with a self-service data management and analysis platform that automatically “extracts, transforms, and loads” (ETL) data for users who can then analyze it for greater visibility and intelligence. Rosslyn also announced the release of RAPid One-Click Spend Analytics, which blends automated ETL with self-service data cleansing and enrichment, and populates templates with spend intelligence for end users to visualize and analyze.
SAP Concur to Add Traveler Tracking to Concur Messaging App
Concur announced that it will add real-time traveler-tracking capabilities to its Concur Messaging risk management app in the first quarter of 2017. Managers will be able to tell where their employees are based on tracking features embedded within linked expense receipts, in addition to travel bookings that were already on file. Managers are said to be able to track employee activity within five minutes, which can help locate them in times of need or danger.
Coreworx Launches Contract Management Solution
Earlier this fall, Coreworx, the Ontario, Canada-based provider of B2B project and change management software solutions for the construction and engineering sectors, announced the release of its first contract management solution, Coreworx Contract Management. The solution provides users with pre- and post-contract execution features that are meant to track progress, increase visibility, and manage risks associated with the contract award and the execution. In this way, users are able to link sourcing, contract management, and supplier management activities within one workflow.
Xeeva Acquires eSourcing Solution Provider, Procurepack
Also earlier this fall, Xeeva, the Michigan-based provider of sourcing and procurement solutions, has acquired India-based Procurepack, a provider of cloud-based procure-to-pay (P2P) solutions, for an undisclosed sum. Acquiring Procurepack and its solutions, including eRFP. eAuction, spend management, and supplier management, will help Xeeva build out its own P2P solutions and take it closer to an end-to-end solution provider.