Maximum flexibility for buyers and suppliers
Is your supplier network getting in the way of increasing savings and spend under management? Getting maximum spend under management means getting as many of your vendors using your system as possible. The free Coupa Supplier Network gives you the flexibility to work with any supplier you want, any way you want. Did we mention it’s free? Free to join, free to set up and free to use.
In the old procure-to-pay paradigm, supplier networks added value--value they charged for-- by bringing suppliers and buyers together and facilitating transactions. Nowdays, buyers and suppliers have an easy way to find each other: Google, or Bing.
Even though the matchmaking value is gone, some supplier networks are still charging buyers and suppliers to do business with each other. Let's face it, when a supplier gets charged to do business with you, you get charged. That's no way to save money. It's also no way to build relationships.
The way a supplier network can add value today is by facilitating transactions. Consumers use online web stores to make buying goods and services easier than ever before. But businesses, because their purchasing controls are more complicated, lag woefully behind. Our goal is to facilitate transactions by giving buyers and suppliers a platform that's as easy as pie to use--and then get out of their way!
On the Coupa Supplier Network, buyers and suppliers can interact with each other in any method they choose: CSV, cXML or EDI. Even small vendors who don't use those systems can use our supplier network. And suppliers don’t have to incur costs to create punchout sites.
Purchasing departments can securely connect their suppliers into their purchasing system to streamline and automate the ordering and invoicing process.
Suppliers can receive P.O.s, acknowledge order receipt and submit invoices for payment. They can also manage their billing and contact information—making it even easier for suppliers to connect with buyers.
The Coupa Supplier Network lets suppliers manage their own catalogs and punchout sites. Instead of spending time making sure you have the current pricing and availability information, the supplier can easily upload it while you maintain control over the catalog. The supplier can set start and end dates, and you can compare their current and new pricing to decide if you want to approve it or not.
Suppliers gain access to a low-cost, high-volume order channel. They increase their order-taking efficiency, reduce mistakes and delays fulfilling orders, and maintain a better presence with key customers. Plus, they open themselves up to potential new customers and increased sales!