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Paris: Capgemini has launched IBX Spend Capture Cloud, a new solution to help customers enhance their procurement processes using an easy to deploy cloud solution.

The offering is a product of Capgemini's acquisition of Swedish eProcurement pioneer IBX last year.

The firms says that from implementing contracts, monitoring procurement KPIs and offering the best procurement choices to track all costs across products and services, the new IBX Capture Spend Cloud streamlines the procurement process and allows organizations to capture the benefit of on-line spending, which is often wasted due to lack of compliance with procurement standards.

The solution combines a consumer-like experience with scalability for global roll-outs and integrates with all major eProcurement systems and links contracts to operational processes to provide improved contract compliance. It will be available across all key markets including the United States, the UK, France, Germany, Netherlands and the Nordic countries.

According to Capgemini's CPO Survey 2010, many businesses have not yet realized the full potential of on-line procurement ,with 67% claiming that less than a fifth of their spend is through eProcurement. But cloud services have the advantage of being quick, easy-to-use, ready for use, and not requiring any data integration or customer installation. Capgemini's IBX Spend Capture Cloud can be up and running in 90 days offering cost benefits of up to 50% compared to an on-premise implementation. The solution integrates with all major eProcurement systems and has a pre-built integration package for SAP SRM.

Capgemini is already delivering the IBX Spend Capture Cloud solution to a number of blue-chip companies including major companies in the airline, telecommunications, manufacturing and consumer goods and retail sectors. "Since we've started to use the IBX Spend Capture Cloud to procure consulting and other services, we have received a higher degree of contract compliance and we have the ability to easily and properly send requests to our suppliers. After 6 months we now have a more structured procurement process and our users are happy that the time from specifying our needs to ordering is much quicker", says Jörgen Augustsson, Procurement Director at Saab.

Pontus Björnsson, vice president for Capgemini Procurement Services said "We are excited about the launch of the IBX Spend Capture Cloud. Struggling with bad usability and low levels of spend through eProcurement will now be history. The IBX Spend Capture Cloud will enable customers to truly improve their compliance and increase bottom line cost savings."

Capgemini acquired Swedish e-procurement vendor IBX in February 2010 gaining access to the IBX Platform.

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