See How Accenture and Coupa Are Transforming Procurement at Inspire 2023

Today’s post is written by Accenture. Accenture is a Coupa Global Elite Partner. Accenture is also a proud Titanium sponsor for the Coupa Inspire 2023 events in North America and London.

Accenture and Coupa have collaborated for over a decade to help clients achieve greater value from their business spend. Together, we help clients source more responsibly, mitigate risk, and drive procurement value — empowering them to build greater resiliency to our world’s ever-increasing disruptions.

This year at Inspire 2023, Accenture is excited to host a breakout session about this collaboration, titled “Continuous Improvement — Transforming Procurement with Coupa After Go-Live.” Terry Horton, Accenture Managing Director and North America lead for Supply Chain Operations, and Rob Fuhrmann, Accenture Senior Managing Director lead for Supply Chain, Operations, and Sustainability will lead the conversation. Kevin Oakes, Chief Procurement Officer at Synchrony Financial, will also be joining to discuss how Accenture and Coupa improved procurement processes at his company.

Transforming procurement with Closed Loop Spend Management (CLSM)

Before our breakout session at Inspire, we wanted to give some background about Accenture and Coupa’s long history. As a Coupa Global Elite Partner, we’re constantly creating new solutions that aim to help companies reduce operating costs by 20–50%. Compared to the average industry value standard, we generate 4–10 times more for our clients. How do we do it? With a Closed Loop Spend Management (CLSM) approach for supply chains.

Using Coupa’s cloud-based SaaS Business Spend Management (BSM) platform as the foundation, CLSM brings procurement, finance, and business models together to transform direct and indirect costs that not only reduce spending but create opportunities for growth. More specifically, Coupa’s BSM platform ‘closes the loop’ by making the most of costs, while harnessing live market data and community insights from more than 2,000 Coupa customers to determine a more cost-effective operational path forward for your business.

Spending smarter together with AI and community-driven insights

Coupa’s BSM platform combines AI- and community-driven insights to help businesses boost revenue, improve processes, and optimize spending. It does all this while providing actionable ways to create a more sustainable, responsible supply chain. By fusing Accenture’s competitive insights, peer-to-peer benchmarking, and robust analytical toolset with Coupa’s transaction controls, process automation, and real-time analytics — we help businesses spend smarter, together.

We know that doing well for your business and doing good for the planet is possible. That’s why our work embeds sustainable sourcing practices across procurement with supplier risk assessment tools. It empowers businesses to move from working in silos toward more collaborative, innovative work by managing risk in real time with automated fraud detection solutions, transaction controls, and compliance guard rails.

Digitally transform your procurement

If you’re ready to transform your procurement pipeline, check out Accenture’s proprietary platform myConcerto. The tools and features we discussed here are available by integrating Coupa’s offerings. And don’t miss Inspire to learn more about transforming your procurement processes from global industry leaders.