Coupa Blog

Coupa is a company of talkers, passionate about sharing tips, tricks and advice for improving finance and procurement and saving companies of all sizes time and money. But we’re not the only people with opinions and ideas. We’d love to hear from you so join the conversation!

 

The best procurement strategy: Outstanding customer service

What exactly does it mean for procurement to be strategic? There are a lot of things wrapped around that, but at a high level I define it as being engaged with your colleagues within the company, being perceived as a valuable resource and ultimately, being decision makers—people who can…Read blog post

PayStream Report: More SMEs plan move to e-invoicing

Last month Coupa released PayStream Advisors' seventh annual look at the “state of the state” of eInvoicing use. The report, Electronic Invoice Management: A Move to the Middle is based on a survey of 300 AP and procurement professionals at U.S. based companies ranging in size from $250 million to $2.5…Read blog post

4 keys to vendor risk management when buying enterprise technology

Undertaking any kind of business transformation involves change and change always introduces risk. Careers, cash and your company’s competitiveness are at stake. The key to a successful transformation is proactive risk management. There are two areas of risk: that which you control internally, and external risk associated with…Read blog post

Is it time for procurement to have a spend optimization quota?

There are only two ways a company can increase profitability—make more money or save more, and the two are equally important. I've written previously about how one of the ways procurement can become more strategic is by thinking more like sales.  Salespeoples' sole job is to go out…Read blog post

Going beyond the obvious to root out procurement fraud

Reading supplychain.com recently, I came across this ten point procurement fraud prevention checklist by Paul Guile, a CIPS global procurement fraud advisor from across the pond. Paul outlines some basic best practices that your organization should put in place if you haven’t already. I want to recap and…Read blog post