IBM to manage Honda’s financial and procurement operations across Europe
IBM has signed a five-year agreement with Honda Motor to manage and execute the automaker’s financing and supply operations across Europe.
As part of the contract, IBM will provide an integrated end-to-end service to help Honda improve efficiency, reduce costs, standardize processes in its European operations and lay the foundation for its Zero Touch ambitions.
Commenting on the partnership, Dave Miller, Managing Director of IBM for the Honda Global Account, said: “We look forward to bringing our business process experience, technology and transformation methodologies to help Honda Motor Europe bring even closer its Zero Touch ambitions. “
IBM plans to manage Source-to-Pay, Record-to-Report and Order-to-Cash processes for Honda Motor Europe. According to the tech giant, standardization and process simplification are designed to enable the application of the latest advances in automation, which can provide the automaker with additional cost and quality benefits.
The duo signed their finance and purchasing department agreement in the first quarter of this year.
“We have a great working relationship with IBM, who have become a trusted partner and I am confident that they will bring tremendous expertise to help us make the changes necessary to meet industry challenges and emerging opportunities.” , said Joe Crump, chief executive. , Business Administration, Honda Motor Europe.