Honda hands European finance and procurement functions to IBM in five-year deal

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Honda Motor Europe has signed IBM on a five-year deal that may see the latter corporate organize and run the previous company’s finance and procurement operations throughout Europe.

Beneath the settlement, IBM plans to regulate the source-to-pay, record-to-report, and order-to-cash processes, and roll out a helpdesk that may have a unmarried view of Honda’s whole finance and procurement serve as in a bid to simplify customer support.

“Now we have a strategic want to change into our finance and procurement operations into the perfect on this planet and in so doing make Honda’s Ecu operations a industry that each broker and provider need to paintings with,” Honda Motor Europe industry management normal supervisor Joe Crump stated.

IBM and Honda Motor Europe signed the finance and procurement carrier settlement in 1Q 2021.

The contract extends an current 10-year dating between the 2 firms that already lined finance.

Previously, the 2 inked a deal that noticed IBM Watson generation and analytics be used within the automaker’s System One engines to reinforce efficiency and racing selections in actual time.

“We sit up for bringing our industry procedure enjoy, generation and transformation methodologies to assist Honda Motor Europe deliver its 0 Contact ambitions one step nearer,” IBM Honda international account managing director Dave Miller stated on the time.

“We plan to deliver in combination other people, processes, and answers into clever workflows thru an optimised controlled services and products means that may permit Honda Motor Europe to beef up its finance and buying operations and transform the spouse of option to its community of sellers and providers.”

Honda has since determined to go away F1 on the finish of this 12 months.

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