THE STRATEGIC CFO

IN A RAPIDLY CHANGING WORLD

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.

“Visibility remains a huge challenge for CFOs in today’s dynamic and ever-evolving business environment. It’s critical that CFOs adopt a cloud-based strategy that enables them to have visibility and control over their spend to make more strategic and informed business decisions.”
—Rob Bernshteyn, Chief Executive Officer, Coupa

Key Report Findings

  • To better manage costs, 60 percent believe process or technology improvement is critical (pg 3)
  • 67 percent see process or technology improvement as critical to managing risk within the next two years (pg 10)
  • Breaking down siloes and improving cross-department collaboration is key. Nearly 60 percent who assess their organizations as most able to manage risk, cost, and capital are collaborative
  • Business performance risk is the number one threat with the potential to impact the financial position of those organizations surveyed

How Strategic CFOs Gain Control with Business Spend Management

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.

BSM OVERVIEW with Raja

Featured Coupa Resources

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Gartner Magic Quadrant

Coupa named a leader in Gartner Magic Quadrant report on Procure-to-Pay Suites


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Coupa Benchmark Report
2018 Benchmark Report

12 Ways to Measure Business Spend Management Success


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CFOS find a sharp strategic edge in Business Spend Management


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It's All About Measurable Business Results

  • NEC

    Live in less than 3 months integrated to SAP

  • SALESFORCE

    80% of total spend managed within Coupa

  • SANOFI

    95% user approval rating, live in 8 months integrated to SAP

  • GREIF

    87% of invoices are processed electronically

  • CONCENTRIX

    Live in 5 weeks across 20 countries

  • AVALON HEALTHCARE

    88% reduction in request to approval time from 48 to 8 hours

  • THE FRESH MARKET

    67% decrease in time to create purchase orders

  • SCI

    98% of POs sent electronically to 160,000 suppliers

  • CSAA INSURANCE

    Reduced rule exceptions from 300 to 25

  • CELLERANT Therapeutics

    Doubled the amount of transactions processed without adding headcount

The Business Spend Management Platform for Strategic CFOs