When Ionis took its subsidiary Akcea public, it quickly began opening new offices to prepare for commercial operations. This presented immediate challenges for AP and Purchasing as they began onboarding twice as many suppliers. Spend management helped them build on their existing Coupa solutions to grow in stride.

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Company Overview

Ionis Pharmaceuticals is a global, public company that creates and develops pharmaceutical therapies.

Headquarters

U.S, U.K.

Employees

100 - 500

Website

ionispharma.com/

Value as a service

1500

New Suppliers Onboarded Annually

>85%

On Time Payments

Reduction in Requisition Cycle Time

Challenge

Manual, duplicative data entry intensive processes

Inefficient vendor onboarding

Limited visibility into payment status

Solution

Supplier Risk & Performance

Payments

Results

96% of invoices are processed digitally, with only a handful left in the ERP

96% of invoices and over $200M of spend is processed through Coupa

Digitized supplier management

"Time to value was immediate. If someone asked me about Coupa for BSM, I’d say it’s a no-brainer."

-- Isaac Ballesteros, Assistant Director of Accounting