eProcurement - Delivering Big Savings

eProcurement initiatives have delivered measurable, concrete value to companies through greater procurement savings, faster procure-to-pay processes, and improved control. The Aberdeen Group research study, E-Procurement Trials and Triumphs, published in October 2007, showed that companies that have implemented eProcurement solutions have experienced the following benefits:

The Aberdeen Group study also found that companies that have implemented eProcurement solutions, on average, have been able to negotiate an incremental 4.75% discount with suppliers. This additional savings has been attributed to companies’ improved purchasing visibility, which has allowed them to aggregate spend with key suppliers and demand greater discounts.

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Coupa eProcurement On Demand

In the past, companies interested in reaping these kinds benefits often endured year-long implementation cycles, mind-numbing system complexity, and software license costs that often reached the seven digits. Coupa Software offers an antidote to these eProcurement pains with a full-featured solution that spans the complete procure-to-pay lifecycle, from requisition creation, approval, and PO creation, to RFI/RFQ management, receiving, inventory management and invoicing.

Slash Procurement Costs with Coupa eProcurement

Coupa’s eProcurement solution enables companies to generate savings that directly impacts their bottom lines. Whether employees make purchases on catalog or off catalog, Coupa’s structured approvals process enable companies to stop maverick purchasing before it happens. Coupa also provides better purchasing visibility that enables procurement professionals to aggregate greater spend with preferred suppliers and gain new insights on purchasing patterns to identify new commodities to bring under contract.

Unlike traditional systems, Coupa also leverages collective intelligence from across your company to make smarter purchasing decisions, with innovative features such as employee-driven product ratings, internal “Ask the Expert” Q&A forums, and search engine-driven content tagging. With Coupa, companies see the savings, starting on day one.

Streamline Procurement Processes

Coupa eProcurement systems boost employee productivity and streamline the procure-to-pay process, with savings at every step.

Employees save time in making purchases by simply dragging and dropping items into their online shopping carts to create requisitions in seconds. Managers can save time by approving requisitions directly right from email. Using Coupa is fast and easy.

With Coupa, requisitions can automatically flip into purchase orders or RFQs, and then into invoices. Purchases sail through receiving and into inventory with tracking every step of the way. Coupa also eliminates the mounds of paper and inefficiency often found in two-way and three-way matching with structured processes to map POs, receipts, and invoices in a fraction of time it takes using paper-based processes.

Accelerate Time to Value with Built-In Connectivity to Leading Suppliers

Unlike traditional eProcurement systems that require lengthy consulting engagements to integrate with suppliers’ systems, Coupa offers pre-built integration to a wide range of leading suppliers such as Dell, VWR, Corporate Express, and Amazon. With Coupa Punch-out, employees can select items directly on suppliers’ websites and then check out to have requisitions automatically created for them in the Coupa solution.

Companies across industries have chosen Coupa to streamline their procurement processes, boost productivity, and save money. To find out more about best practices in eProcurement, see an online demo, or test-drive Coupa On Demand, select from the options below.