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+

Website

home.barclays/

Value as a service

92%

Achieved on Contract Spend

84%

Spend Under Management

Hours to Produce Third Party Liabilities

Challenge

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.

Solution

Procurement

Invoicing

Spend Analysis

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."

-- Al Williams, Chief Procurement Officer