Theravance Biopharma
Customers / Theravance Biopharma
Industry
Biopharma Company Scales Up with Automated AP
Theravance wants its scientists focused in the lab on science, not procuring lab supplies. So they sought a one-stop-shop platform for purchase orders and invoices with AP automation. Coupa delivered, saving them $3.1M in 6 months with 100% compliance.
Company Overview
Theravance Biopharma develops and commercializes specific medical therapies as it expands globally.
Headquarters
USA and Ireland
Employees
100-500
Customer Website
Value as a Service
4x
Faster Invoice and Approval Lifecycle
$3.1M
Employee Time Saved with Automation
100%
Compliance with Real-Time Reporting
Challenges
Paper-based, time-intensive processes for AP and invoicing couldn’t scale for the growing organization.
Sunshine Act demands rigorous compliance and spend reporting from biopharma companies.
Solution could not add to IT team’s already-hefty load.
Results
Users can now focus on strategic tasks instead of tedious procurement procedures.
Can now quickly prepare reports for audits and comply with the Sunshine Act, SOX, and other regulations.
"Coupa definitely makes our lives easier in IT. When you add Coupa as an application, your IT tickets go down."
