Barclays
Customers / Barclays
Industry
Barclays Gains Transparency In Complex Procurement Process
With procurement a priority, and the necessity of complying with banking transparency and security regulations, Barclays finds the one tool they need with Coupa.
Company Overview
Moving, lending, investing and protecting money for customers and clients worldwide
Headquarters
London, United Kingdom
Employees
75,000+
Customer Website
Value as a Service
92%
Achieved on Contract Spend
84%
Spend Under Management
24
Hours to Produce Third Party Liabilities
Challenges
Regulation and compliance changes made procurement a priority.
Controlling costs and driving value company-wide needed improvement.
Too much backend work was required in procurement functions.
Achieving OCI compliance required modernization.
Solutions
Results
Cutting-edge technology manages all information and spend on the cloud.
Visibility of spend led to good audit-ability of the approval process.
Reporting on regulatory commitments regarding third-party spend is efficient.
"Coupa is an enabler that gives us that transparency and visibility that we didn't have before."
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