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Coupa + MIT Data Science Lab move beyond sentiment surveys.
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Analytics Agent
Learn how to find answers to your analytical questions with the Analytics Agent.
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Knowledge Agent
Learn how to find answers to your procurement-related questions with the Knowledge Agent.
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Supplier Assistance Agent
Coupa Navi™ CSP Supplier Assistance Agent assists suppliers with general questions about the Coupa Supplier Portal (CSP) based on the Compass documentation.
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$10 Trillion and Counting...
Our unique data takes our AI capabilities to the next level
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AI
Predicting the future of business spend, faster
Coupa + MIT Data Science Lab move beyond sentiment
See the direction of business spend
Coupa + MIT Data Science Lab move beyond sentiment surveys.
Get the BSI Report
$10 Trillion and Counting...
Our unique data takes our AI capabilities to the next level
Explore Coupa AI
Air Methods Sets BSM On Auto-pilot for $20 Million in Savings
Air Methods' back office was grounded due to manual processes, no standardized procurement function, and poor spend visibility which led to late payment fees. Until their Senior Director of Business Transformation flew in to revamp their entire procurement system from the ground up with Coupa.
Company Overview
Air Methods is an air medical transport provider that operates over 400 aircraft throughout the US, transporting 65,000 patients a year.
Headquarters
Englewood, CO
Employees
1,000 - 5,000
Website
https://www.airmethods.com/Value as a service
4x
Reduction in invoice cycle time
$20M
Saved in first year
43%
Decrease in supplier base
Challenge
Patchwork of backend systems with no standard procurement policies.
Manual processes included 100% paper-based invoicing.
Lack of spend visibility and conciliation with more than 8,400 vendors for 300 locations.
Solution
Results
43% decrease in supplier base after consolidation.
$20 million saved in year one against a projected rate of $11 million.
Decreased overdue payments from 5% to 1.8%.
4x reduction in invoice cycle time.
Lowered requisition cycle time from more than 1 week to less than 1 day.
"That changed relationship enabled us to negotiate significant savings in our contracts - $20M in year one and $15M in year two."
– Mike Kingzett, Senior Director of Business Transformation, Air Methods
