A study of more than 500 CFOs and senior finance executives conducted by the Economist Intelligence Unit (EIU) and commissioned by Coupa, reveals that more than 60 percent of CFOs lack complete visibility into the transactions within their organization. Sound familiar?
Read the report to learn how CFOs are responding in a rapidly evolving world where new technologies, uncertainty, and emerging threats abound. The report also includes five qualitative interviews with the CFOs from Ally Financial, Driftwood Acquisitions and Development, Hays, Micron Technologies, and Zendesk.
The challenges addressed in the EIU Report, “The Strategic CFO in a Rapidly Changing World,” are at the heart of modern Business Spend Management (BSM). Providing CFOs a single point of control for managing business policies and processes for all spend – whether it’s a pre-approved requisition against a contract, a post-approved business expense report, or an un-approved non-backed invoice – BSM offers finance leaders an easy way to gain control of all of their spend.
Coupa named a leader in Gartner Magic Quadrant report on Procure-to-Pay Suites
12 KPIs in Business Spend Management to Drive Profitability & Growth
CFOS find a sharp strategic edge in Business Spend Management
Live in less than 3 months integrated to SAP
80% of total spend managed within Coupa
95% user approval rating, live in 8 months integrated to SAP
87% of invoices are processed electronically
Live in 5 weeks across 20 countries
88% reduction in request to approval time from 48 to 8 hours
67% decrease in time to create purchase orders
98% of POs sent electronically to 160,000 suppliers
Reduced rule exceptions from 300 to 25
Doubled the amount of transactions processed without adding headcount