Meet the Winners of the 2022 Spendsetters Awards for Smarter Business

Coupa customers are revitalizing their organizations’ processes in ways that make their companies stronger, smarter, and safer. Taking these actions create ripple effects of positive change, from maximizing business value to improving the world around us.

Today, Coupa is proud to announce the 2022 winners of the Spendsetters Awards, recognizing leading individuals and companies who are driving positive changes globally.

The Spendsetters Awards recognize our customers' use of Coupa technology to unleash the power of spend. Award categories represent the underlying value delivered from leading spend management practices, including the industry’s top trending use cases — ESG / sustainability / DEI, the use of artificial intelligence (AI), supply chain design, and more.

This year's Spendsetters Awards go to:

Mastercard — Spendsetter Award for BSM Transformation
Mastercard successfully accomplished outstanding work leveraging Coupa's suite of Business Spend Management (BSM) applications to create measurable impact for their business. Utilizing Coupa, Mastercard created a single entry for all purchases for its entire $4.4 billion global vendor spend, with a guided buying experience (~90%) via requisition forms, PSL (preferred suppliers), and workflows, all with proper tracking and controls in place.

Grupo Bafar — Spendsetter Award for BSM Transformation
Grupo Bafar succeeded in creating impactful spend management transformation by using Coupa to achieve 99% pre-approved spending (PO-backed), ensuring everyone stays on budget; reduce invoice approval time to just a few hours, thanks to validation engines and automated three-way match; and realize more than 96% of invoices being received electronically, driving efficiency and compliance.

Joe Canaday, VP Global Procurement COE at ADM — Spendsetter of the Year 
Joe Canaday is a proven business leader revolutionizing spend management. Once in procurement, Joe’s passion and expertise in ADM systems led him to build data teams and system solutions that delivered value, including upgrading their ERP to S4HANA globally. In his current role, Joe leads a high performing global procurement team of 160 colleagues.

REI — Spendsetter Award for Supply Chain Excellence
During a period of extreme supply chain disruption, REI’s supply chain management team shined thanks to Coupa. REI decreased replenishment lead times to key markets, with REI now expecting store in-stock for eligible SKUs to improve by more than 20 percentage points. REI also increased digital cart conversion for in-store pickup orders by 4 percentage points thanks to Coupa. Combined, the improvement in these key areas represent an opportunity to capture an additional $10 million in sales annually.

Sonoco — Spendsetter Award for Financial Agility & Visibility
Sonoco, the world’s largest producer of composite cans and tubes, deployed Coupa to gain visibility into spend, eliminate extra charges processed by suppliers, and automate transaction reconciliation. It now takes the company only five minutes to assign a PO to a supplier, and the company can pay a supplier as soon as an invoice is approved and matched.

By integrating Coupa Pay with its Bank of America virtual payments process, Sonoco migrated from card on PO to card on invoice, eliminating one of the costly challenges experienced with the card on PO process. Leveraging Coupa, Sonoco has a validated invoice from each supplier, providing 100% visibility into committed spend.

World Vision — Spendsetter Award for Economic and Social Impact
World Vision has demonstrated its deep commitment to promoting equality and sustainability through spend. Using Coupa, the organization strengthened stewardship of resources through digital transformation of manual source-to-pay processes. To date, Coupa is deployed to 59 offices across 55 countries across the Americas, Asia, Africa, and the Middle East. World Vision has achieved a 73% increase in spend under management and an 8% increase in electronic PO’s. 

World Vision also enhanced decision-making by combining Coupa data with ERP data to provide dashboard metrics and reporting, including real-time encumbrance reporting for visibility on completed and pending spend vs. budget.

Mars Vet Health — Spendsetter Award For Smarter Spending
Mars Vet Health excelled at using Coupa’s actionable data insights to remove inefficiencies from their spend management processes and systems. The company effectively leveraged Coupa’s artificial intelligence (AI) and advanced analytics to drive impactful efficiency gains.

Mars Vet Health excelled at using Coupa’s actionable data insights to remove inefficiencies from their spend management processes and systems. The company effectively leveraged Coupa’s artificial intelligence (AI) and advanced analytics to drive impactful efficiency gains.