Ecclesiastical Insurance advances e-sourcing programme through 3-year deal with IBX

London, March 16, 2010 - IBX Group, the leading provider of efficient purchasing solutions, announced today that Ecclesiastical Insurance will be upgrading its e-sourcing platform to the new version of IBX eSourcing, powered by SAP.

Ecclesiastical Insurance has been successfully using an earlier version of IBX eSourcing since April 2008 and was impressed by its ease of use and ability to streamline the procurement process. The new deal leverages IBX’s partnership with SAP, and also includes IBX Service Desk Source, a reliable, flexible managed service platform supporting day-to-day sourcing operations.

“We’ve been using e-sourcing for over a year now and have been impressed with the efficiencies that it has delivered,” said Peter Roberts, Head of Procurement at Ecclesiastical. “For example, it used to take us around two and a half days to score companies on their suitability as suppliers. Through the IBX platform this time has now been reduced to only five hours, enabling the procurement team to increase efficiency and ensure greater value of money. These great results and the easy transition offered by IBX from our original system to the latest version gave us confidence that IBX could help us achieve our procurement ambitions over the next few years.”

Implementation of IBX eSourcing is part of a wider plan to modernise Ecclesiastical’s whole procurement process, in order to increase its purchasing efficiency and cut sourcing costs.

“We are very proud of our growing relationship with Ecclesiastical Insurance Group, and of the continued success of this project. We’ve worked closely with the purchasing team to enable Ecclesiastical to ensure the long-term development of its sourcing strategy, as well as tackle its current purchasing challenges,” said Mark Masterson, UK Country Manager at IBX.

For more information, please contact:

Mark Masterson, IBX UK Country Manager, Phone: +44 (0) 1865 339 350, e-mail: mark.masterson@ibx.co.uk

Eva Svensson, Marketing Communication Manager, IBX, phone: +46 8 5030 4242, e-mail: eva.svensson@ibxgroup.com

About IBX – A Capgemini Company

IBX was recently acquired by Capgemini BPO. http://www.capgemini.com/services/outsourcing/bpo/.

As a pioneer in the field of e-purchasing, IBX delivers measurable impact to client’s bottom lines through its comprehensive Efficient Purchasing framework. IBX serves blue chip corporations globally through proven purchasing expertise, with a high value supplier network and best of breed e-sourcing and e-procurement technology. The company enables its customers to generate sustainable cost savings through better spend visibility, increased spend under management and contract compliance. IBX offices are located in Stockholm (HQ), Antwerp, Copenhagen, Frankfurt, Helsinki, Milan, Oxford, Oslo and Paris. www.ibxgroup.com

About Ecclesiastical

Ecclesiastical is a specialist insurer of charities, the education, care and faith sectors, heritage buildings and fine art. Founded in 1887 to provide insurance for the Anglican Church, we now offer a wide range of commercial insurances, as well as home, travel and wedding insurance, selling through brokers and direct. Ecclesiastical also provides a range of financial services through IFAs, including a range of ethically screened investment funds.

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