IBM Signs Five-Year Agreement with Honda Motor Europe Ltd to Integrate and Manage Its Finance and Procurement Operations

IBM Signs Five-Year Agreement with Honda Motor Europe Ltd to Integrate and Manage Its Finance and Procurement Operations

Released: Oct. 5, 2021 at 10:01 PM MDT|Updated: 10 hrs in the past IBM to

Released: Oct. 5, 2021 at 10:01 PM MDT|Updated: 10 hrs in the past

IBM to lay the foundations for Honda’s stop-to-finish “Zero Contact” ambitions

LONDON, Oct. 6, 2021 /PRNewswire/ — IBM (NYSE: IBM) and Honda Motor Europe right now declared a five-12 months arrangement under which IBM plans to control and operate Honda’s finance and procurement operations throughout Europe. The contract is created to supply integrated conclude-to-close company which can aid Honda boost performance, reduce expenses, standardise processes across its European operations and eventually established it on training course to a “Zero Contact” vision.

IBM to lay the basis for Honda’s stop-to-finish

The deal extends an existing 10-12 months partnership by supplying IBM Global Business enterprise Companies further duty for procurement operations. The completely integrated finance and procurement smart workflow is designed to assist permit expense financial savings, efficiency advancements and enhanced service degrees to Honda’s suppliers and prospects, on a resilient platform.

This arrangement will come at a time when the automotive market is embarking on a radical transformation to a connected, autonomous, shared, and electrified earth. The transformation investments necessary place even higher demands on back again-office environment functions to enhance efficiencies and be versatile to assistance the altering business enterprise requires.

“We have a strategic want to remodel our finance and procurement operations into the really very best in the environment and in so carrying out make Honda’s European operations a company that each and every vendor and supplier want to do the job with,” reported Joe Crump, Normal Manager, Business Administration, Honda Motor Europe. “We have a demonstrated outstanding operating connection with IBM, which has grow to be a trustworthy spouse and I am self-confident will provide massive abilities to enable us make the improvements wanted to answer to the industry’s problems and emerging opportunities.”

Underneath the arrangement IBM ideas to deal with the Supply-to-Shell out, Report-to-Report and Order-to-Cash processes. The standardisation and simplification of the procedures is designed to enable the software of the newest developments in automation which can give additional price and excellent benefits. A new one helpdesk with an built-in see of the total finance and procurement functionality can not only be additional efficient but can also boost customer assistance.

“We glance forward to bringing our company process expertise, know-how and transformation methodologies to aid Honda Motor Europe provide its Zero Contact ambitions one phase closer,” said Dave Miller, IBM Running Director for Honda World-wide Account. “We plan to convey alongside one another men and women, processes and alternatives into intelligent workflows through an optimised managed companies tactic that can enable Honda Motor Europe to improve its finance and paying for functions and grow to be the spouse of decision to its network of sellers and suppliers.”

IBM and Honda Motor Europe signed their Finance & Procurement Assistance settlement in 1Q 2021.

Statements relating to IBM’s potential way and intent are topic to adjust or withdrawal without having recognize and stand for plans and goals only.

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John Galvez
IBM Communications-United kingdom
[email protected]

Tricia Vuiton
IBM Communications
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