|By Marketwired .||
|August 27, 2014 06:01 PM EDT||
ATLANTA, GA--(Marketwired - August 27, 2014) - Sony Music Entertainment, one of the world's biggest music corporations, chooses b-pack Purchase-to-Pay solution to gain visibility and control over its global spend that allows better management of marketing, promotion and recording costs. Joining forces with b-pack, Sony Music was looking to control variable marketing expense and make its procurement processes more efficient. Sony Music rolled-out the b-pack solution in multiple European regions (Germany, UK, Italy, etc.) in 2013 and is now deploying in North America.
Sony Music's significant diversity of spend is characterized by a large number of transactions with multitude of local suppliers. Along with the deployment of a centralized global SAP, Sony Music was looking for a purchasing solution flexible enough to address their specific requirements. The power of the b-pack transactional engine enables the management of complex spend structures, across many countries organized by regions, providing real-time accurate financial information. Supplier registration is another feature that supports Sony Music in their business needs that allows registering new suppliers in a quick and simple way. Another feature is project budget management, where from forecasting their budgets to getting them approved, it's all tracked in b-pack.
Here is what David Cornine, VP Global Financial Systems of Sony Music, has to say about b-pack: "We have partnered with b-pack to create an end to end purchasing solution that provides better visibility of our variable project costs in a dynamic marketing environment. Our b-pack solution has become our strategic application that we will continue to deploy globally."
During this project, the b-pack cloud solution has been significantly improved to match Sony Music's requirements, without altering the multi-tenancy. In addition, a strong integration with SAP provided a high level of automation, so the Sony Music label can manage the profit center performance and the margin against each project in real-time through a streamlined and easy-to-use application.
About b-pack software
b-pack is a software and services company specializing in procure-to-pay solutions which include but are not limited to strategic sourcing, supplier management, contract management, e-procurement and invoicing/accounting functions. Offering cloud solutions, b-pack is ranked as a Top 5 eProcurement Vendor by Gartner Magic Quadrant. With more than 13 years of expertise and innovation, b-pack has been implementing flexible solutions that address organizations' specific business processes and requirements. With offices in North America and Europe, b-pack has global reach to meet companies management needs.
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