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Drive smarter spend strategies with AI
The Total Spend Management Annual Benchmark Report
- Source-to-contract
-
Category Strategy
Scale planning across teams -
Sourcing
Get confident decisions faster -
Sourcing Optimization
Unlock maximum efficiency -
Contract Lifecycle Management
Take control end-to-end -
Supplier Information &
Risk Management
Manage risk across suppliers
- Procure-to-Order
-
Intake & Orchestration
Turn requests into action -
Procurement
Buy smarter, spend better -
Services Procurement
Gain visibility and control -
Inventory Management
Manage stock with precision -
Spend Analysis
Get insights you can act on
- Invoice-to-Pay
-
AP Automation
Optimize processes with full visibility -
Expense Management
Automate expense workflows -
Payments
Streamline, secure, and track -
Treasury Management
Optimize liquidity -
Fraud Protection
Detect and prevent
- Direct Spend Management
-
Direct Spend Management
Control spend to drive outcomes -
Direct Material Sourcing Solutions
Connect to strategy, BOMs, and contracts. -
Supply Chain Optimization
Optimize your supply chain for cost, service, and resilience -
Supply Chain Collaboration
Improve alignment across teams
-
Coupa AI Overview
Real AI for real business outcomes -
AI Use Case Library
See how AI drives results -
Coupa Compose
Intelligence on one platform
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Coupa Aids Red Cross In Meeting Diversity Goals with Self-funded BSM
The Red Cross’ previous procure-to-pay (P2P) project failed to meet several challenges resulting in limited spend visibility and control, inefficient manual processes, and meeting diversity and inclusion targets. Coupa responded to their emergency with a solution that delivered rapid relief.
Company Overview
Founded nearly 140 years ago, The American Red Cross has grown to $3+ billion in annual revenue as it serves the nation, providing 40% of the hospital blood supply in the U.S. as well as direct-assist
Headquarters
Washington, D.C.
Employees
10,000 - 25,000
Website
redcross.org/Value as a service
Challenge
Lack of Visibility & Control Over Spend
Inefficient Manual Processes
Meeting Diversity & Inclusion (D&I) Benchmarks
Solution
Results
$1-2M in Inventory Optimization
50% Reduction in Paper
87% On-Contract Spend
On track to achieve an overall 3X ROI
"With our BSM capabilities, we’ve increased our Diverse spend across the supply chain and low upfront costs and fast time-to-value have allowed this business process transformation to be self-funded."
— Thomas Nash, Chief Procurement Officer, The American Red Cross
