Webster Bank benefits from Hiperos and Dun & Bradstreet strategic relationship
Hiperos and D&B integration delivers rich solution to vendor risk management team
SOUTHBOROUGH, Massachusetts –July 13, 2011 – Hiperos, LLC, a provider of on-demand software for extended enterprise management, announced today that Webster Bank (Nasdaq: WBS) will be taking advantage of a strategic relationship between Hiperos and Dun & Bradstreet (NYSE:DNB).
"Using the Hiperos system has enabled us to significantly improve our processes to assess and gain visibility of the risk inherent in our supplier base,” said Anders Lillevik, Senior Vice President and Chief Procurement Officer at Webster Bank. “The integration of D&B’s Supplier Risk data with Hiperos will dramatically enhance the comprehensive risk profiles of our key relationships.”
Through the Hiperos and D&B relationship, Webster will benefit from a cleansed vendor master file enriched with information collected through Hiperos and data provided by D&B (e.g. Debarment Indicator, Supplier Evaluation Risk (SER) score, Severe Risk Indicator, and Paydex.) The combination of Hiperos functionality and D&B data allows Webster to continuously monitor risk and automatically initiate business processes that mitigate risk.
“We are excited that Webster Bank is able to take advantage of our relationship with D&B,” said Greg Dickinson, CEO of Hiperos. “D&B supports our vision that clients have actionable information from reliable sources – information that delivers a clear picture about each provider.”
Looking ahead, Webster can also leverage other aspects of the relationship between Hiperos and D&B, including access to information on diversity, green, and corporate linkages.
About Webster Bank
Webster ranks as one of the largest commercial banks in the United States and one of the largest independent banks headquartered in New England with more than $17 billion in assets. Webster’s growing retail franchise (Connecticut, Massachusetts, Rhode Island & New York) has 181 banking offices and 492 ATMs. It has the No. 1 or No. 2 deposit share in its primary markets. The company has a nationally ranked website, www.webster.com, that offers online services for individuals, families and businesses. Webster offers full-service commercial banking as well as asset-based lending, equipment financing, commercial real estate, specialized lending and cash management.
About Hiperos
Hiperos (www.hiperos.com) provides an on-demand solution for managing the extended enterprise of a company—the network of suppliers, service providers, outsourcers, partners, distributors, brokers, re-sellers, or contract manufacturers that contribute to a company’s value chain. Hiperos is used to assess the risk, monitor the compliance, measure the performance, and track the corporate responsibility goals of providers as well as to facilitate self-maintenance of information by those providers. Its client base includes many of the world’s leading companies such as Aetna, Astra Zeneca, Bank of Montreal, CA Technologies, MasterCard, Microsoft, PNC Bank, State Street, TD Bank, and United Technologies.
About Dun & Bradstreet® (D&B)
Dun & Bradstreet (NYSE:DNB) is the world's leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence® for 169 years. D&B's global commercial database contains more than 188 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which provides our customers with quality business information. This quality information is the foundation of our global solutions that customers rely on to make critical business decisions.
D&B provides solution sets that meet a diverse set of customer needs globally. Customers use D&B Risk Management SolutionsTM to mitigate credit and supplier risk, increase cash flow and drive increased profitability; D&B Sales & Marketing SolutionsTM to increase revenue from new and existing customers; and D&B Internet SolutionsTM to convert prospects into clients faster by enabling business professionals to research companies, executives and industries, over the web. For more information, please visit www.dnb.com.
Press Contact:
Sharon Marcone
Hiperos
+1 508-460-7013
E-mail Sharon
