IBM inks 5-year tech deal with Honda Motor

IBM announced a five-year tech deal with Honda Motor Europe to manage and run Honda’s finance and procurement operations across Europe.
Honda Motor and technologyHonda aims to improve efficiency, reduce costs, standardise processes across its European operations with the assistance of IBM.

The contract extends an existing ten-year relationship by giving IBM Global Business Services additional responsibility for procurement operations. The integrated finance and procurement intelligent workflow is designed to enable cost savings, productivity improvements and improved service levels to Honda’s suppliers and customers, on a resilient platform.

“We have a strategic need to transform our finance and procurement operations into the very best in the world and in so doing make Honda’s European operations a business that every dealer and supplier want to work with,” said Joe Crump, General Manager, Business Administration, Honda Motor Europe.

IBM plans to manage the Source-to-Pay, Record-to-Report and Order-to-Cash processes. A new single helpdesk with an integrated view of the entire finance and procurement function can not only be more efficient but can also improve customer service.

“We plan to bring together people, processes and solutions into intelligent workflows through an optimized managed services approach that can enable Honda Motor Europe to enhance its finance and purchasing operations and become the partner of choice to its network of dealers and suppliers,” Dave Miller, IBM Managing Director for Honda Global Account, said.