SOURCE: b-pack Inc.

b-pack purchase to pay solution

December 20, 2012 09:08 ET

b-pack Growth Continues as New Clients Adopt the Purchase-to-Pay Solution for Grant Management and Marketing Spend

ATLANTA, GA--(Marketwire - December 20, 2012) - b-pack, the leader in Purchase-to-Pay technology, today announced a very successful third quarter, developing business through new US based and international clients, new and enhanced features, and strong partnerships.

"Our growth is related to the direction our software is taking. b-pack's solution is more than a purchasing software or procurement software as it helps our customers manage all their spending as well," said Julien Nadaud, CEO and founder of b-pack Inc. "Thanks to strategic partnerships with organizations such as Deloitte and ReadSoft, we are expanding our offer and expect to reach more organizations looking for ways to streamline their process and improve their control."

By delivering better spend management and greater spend visibility, b-pack has reached all types of organizations from NGO's to worldwide fast-food chain and entertainment organizations, including the second largest music corporation in the world. These new client acquisitions reveal b-pack's strong US and International growth and its capability to address specific needs standard solutions could not, including marketing procurement and non-profit organization spend management.

Key events stressing b-pack's dynamic growth include:

Some New Clients

  • Second Largest Music Corporation Worldwide - As part of their Global SAP Project for finance, this global recorded music company selected b-pack as a global purchasing solution for its flexibility and its capacity to adapt their software to their business. The main objective of this project is to bring their marketing spend under control by centralizing all purchases into one application with great real-time reporting capability. Started with several european countries, b-pack will further pursue a global deployment.
  • International Technical Wholesaler - This Northern Europe's leading technical wholesaler recently selected b-pack as its Contract Management software provider. The implementation of b-pack will enable the danish company to use a central contract repository for multiple countries (Germany, Netherlands, Norway, Sweden, Poland).
  • Global Medical Manufacturing - The US division of this swedish healthcare products manufacturers chose b-pack to support their indirect sales effort. The deployment of b-pack's Purchase-to-Pay solution will structure their approval workflow, optimize their marketing spend management and streamline their IT spend.

New and Enhanced Features

  • Improved Shared Resources Management - The latest release include improvements simplifying grant management and marketing spend management. This includes:
    • Flexibility to allocate any purchase among any financial dimensions (Cost Centers, GL, Projects, Budgets, Contracts...)
    • Line Item Approval: This system enables a plurality of authorized approvers to approve specific lines of a purchase request on an item by item basis. This allows a purchase order to be generated based on a partial approval.
  • Spend Analysis Enhancement - b-pack's Spend Analysis enhancement combines analytical assignments with multi-level budget tracking. This capability supports customers who want to have better management of their marketing spend, investments and projects.
  • ReadSoft Online Full Integration - ReadSoft Online, ReadSoft's e-invoicing solution, is now fully integrated to b-pack's software, enhancing its invoice matching and automated invoice reconciliation capacities.
  • Improved Search Engine - The search engine has been extended to all external documents (Pdf, Word documents such as contracts and specifications).

Events

  • AIRI 2012 - On September 30 - October 3, the Hyatt Regency at Penn's Landing in Philadelphia hosted the 51st AIRI (Association of Independent Research Institutes) Annual Meeting, a great event to network and learn through educational sessions. b-pack was pleased to have the opportunity to be a sponsor of this meeting to connect with AIRI members and exchange about how our nonprofit grant management software and purchase-to-pay solutions can help support their missions.
  • b-pack Forum 2012 - November 14th, b-pack organized lthe first "b-pack Forum." This event, which brought together current and future customers, was held in the Deloitte offices located in Paris, France; Deloitte being one of b-pack's certified partners and clients. During this event, the audience was able to discover new features including a presentation of b-pack V4 which will be available in 2013.

About b-pack

Founded in 2000, b-pack is the leader in Purchase-to-Pay technology. Our customers use b-pack  purchase-to-pay software to automate and optimize their procurement process and spend management. b-pack's Saas Cloud solutions are flexible, On Demand and easy to integrate with your ERP or any system. With offices in North America and Europe, b-pack has global reach to meet companies management needs. Learn more at http://www.b-pack.com or call 404.602.0102. Follow @bpackpurchasing on Twitter.

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