THE 2023 COUPA Utility & Energy BUSINESS SPEND MANAGEMENT (BSM) BENCHMARK REPORT
Accelerate Your Utility & Energy Company's Performance
11 powerful KPIs to help you spend smarter, based on actual spend transactions and processing activity of nearly US$4.9 trillion of cumulative global business spend.
Download the 2023 Utility & Energy Benchmark Report
What’s Inside
Learn how utility & energy companies are using a BSM platform to improve:
- Spend control — How well do you use precision tools to contain costs?
- Profitability by managing spend — How easily can you find ways to boost margins
- Operational resilience — How resilient are your operations in the face of uncertainty and risk?
- Operational efficiencies — How well have you improved agility and productivity?
- ESG performance – How well do you drive positive change and comply with regulation?
This report is based on data anonymized and aggregated across more than 3,000 companies and $4 trillion in global cumulative spend.
INCREASE PROFITABILITY
DRIVE EFFICIENCY
MANAGE COMPLIANCE & RISK
WORK TOWARD ESG GOALS
Here’s a Sneak Peek
6.5%
Overall Savings
What impact can spend control make with a BSM platform?
6.5% Overall Savings
Improve margins through savings more than the typical 2% to 3% yield for traditional spend management approaches by applying BSM practices
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95.7%
Pre-Approved Spend
How much invoiced spend is linked with approved POs?
95.7% Pre-Approved Spend
Avoid fraud, blown budgets, and spend with risky suppliers by improving control over spend
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93.9%
First-Time Match Rate
How many invoices are matched with POs and receiving documents without exception handling?
93.9% First-Time Match Rate
Increase agility and productivity by bringing procurement and invoicing onto a single platform
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How Does Your Business Stack Up?
Understand how well the company is doing right now as a first step toward smarter ways of improving margins, doing more with less, and developing ESG commitments.
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