Coupa Software Inc: Delivering Savings-as-a-Service That Drives Profitability
Oracle can be a strong financial backbone for global organizations, but many Oracle customers are challenged to optimize their Procure-to-Pay and Expense Management processes. Faced with siloed business processes and technology that is not well integrated and was built for back office power users, they must deal with poor usability and adoption, incomplete data, and lack of real time visibility. In addition, customers today face increasing requirements around compliance, regulations and policies.
In most organizations, user adoption of automated business processes for procurement, invoicing and expense management still hovers around 20-40%. Coupa’s, easy-to-use, easy-to-configure platform changes that.
Every employee and supplier can use Coupa from anywhere on any device, with little training or enablement. With that increased adoption comes dramatically better visibility into a company’s spend, resulting in increased compliance, tighter control and measurable savings.
Coupa’s true cloud solution is built to serve as a strategic front end to any Oracle ERP system. The integration with Oracle is fast, seamless and complete. Data flows back and forth from Coupa and Oracle through a single integration point, increasing accuracy, streamlining processes and delivering a consistent purchasing experience. Customers can complete the integration and be up and running within a matter of months, driving immediate savings, reducing TCO, and increasing ROI from their Oracle investment.
Coupa has enabled enterprises such as Salesforce.com, AECOM and A hold to transform, enhance and optimize their business processes. AECOM is one of the most complex Oracle customers in the world with over 50,000 engineering and construction projects managed via Oracle. They use Coupa to configure dynamic approval work flows for each of these frequently changing projects and to access real time project budgets before any new spend is committed in the requisition workflow.
Coupa’s customers average over 88 percent spend under management, 30 percent more then best in class and more than double your typical ERP procurement solution. Coupa enables business agility without requiring IT resources via a highly configurable platform, allowing IT organizations to empower their business stakeholders and focus on strategic projects.
Delivering Savings-as-a-Service that drives profitability. That’s Coupa’s mission. The company partners with their customers to define business success and is obsessive and unwavering in their commitment to reach those goals.
“We work with our customers to re-imagine their business and set specific, measurable metrics for success. We deliver Savings-as-a-Service via a cloud-based platform that is broadly and willingly adopted by the mobile workers and suppliers of today’s extended enterprises. And we partner with the world’s best systems integrators and ERP vendors to drive unprecedented value from the innovations built into the Coupa solution,” said Rob Bernshteyn, CEO.
According to Bernshteyn, executives need to examine their internal processes and operations to find areas where they can drive value and a competitive advantage. How a company manages their indirect spend (Procurement, Invoicing, Expenses) is an area where hard dollar, quantifiable savings are possible, but also an area that is not optimized in most companies. Coupa can help them move these functions from back office tasks, to front office strategic operations that maximize every dollar spent, while driving compliance, providing visibility and enabling control.