Exostar Named Finalist for UK Council for Electronic Business (UKCeB) Excellence Award
Company Teamed with UK Ministry of Defence (MoD), Lockheed Martin, and MBDA to Create Purchase to Payment Training Package for MoD and its Suppliers
HERNDON, VA, May 12, 2015 – Exostar, an innovative information technology company offering cloud-based solutions that enable secure, cost-effective business-to-business collaboration, today announced it has been recognized by the UK Council for Electronic Business (UKCeB) as a finalist for the organization’s 2015 Excellence Awards. The Excellence Awards identify successful collaboration practices in UK Team Defence, highlighting improvements in business processes that reflect a blend of innovative application of enabling technologies, human factors, and culture change.
Exostar was part of a team including the UK Ministry of Defence (MoD), Lockheed Martin, and MBDA, that achieved Commended Status in the category of Business Improvement and Transformation. The team was cited for its work developing a joint training package for the MoD’s Purchase to Payment (P2P) system. P2P is used by over 2000 suppliers, with a spend value of £2.6 billion.
Supplier and MoD project diversity led to a variance in P2P application, which in turn created inefficiencies, inconsistencies, and compromise in the quality of data capture. The joint training package for MoD and industry users provides a single recommended way of operating P2P, covering its use and data requirements. As a result, supplier confusion and workarounds to complete the payment cycle have been reduced – improving P2P effectiveness, data capture, and information management.
“With over 98 percent of P2P suppliers relying on Exostar as their chosen connectivity option, we were highly motivated to devise an overarching solution that not only serves our own organization, but also will provide a lasting benefit to UK Team Defence,” said Doug Russell, Exostar’s Vice President of Supply Chain Solutions. “We are gratified to have helped enhance the value of P2P and the recognition by the UKCeB validates the importance and impact of our team’s efforts.”
Exostar, the MoD, Lockheed Martin, and MBDA received their Excellence Award certificate at the Defence Information ’15 event, held on April 16th in Shrivenham, UK. With a theme of “Information as a Force Multiplier,” the conference focused on business changes around secure information sharing collaboration capabilities, standards, and architectures, examining the roles of technologies including identity and access management and social media.
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