Theravance Biopharma

Customers / Theravance Biopharma
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Theravance Biopharma

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.
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Company Overview
Theravance Biopharma develops and commercializes specific medical therapies as it expands globally.
Headquarters
USA and Ireland
Employees
100-500
 

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.

 

Solutions

 

Coupa Procurement

Coupa Contracts

Coupa Invoicing

 

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.

Helped reduce invoice approval lifecycle by 73%.

 

"Coupa definitely makes our lives easier in IT. When you add Coupa as an application, your IT tickets go down."

Shannon Rold, Former Sr. Systems Analyst