CHS leveraged Coupa to gather the reins on its multinational agribusiness cooperative and assure compliance with internal and external audits, while standardizing the system-bred efficiency.

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Company Overview

CHS is a global agribusiness cooperative owned by farmers, ranchers and cooperatives across the United States.

Headquarters

Inver Grove Heights, MN

Employees

10,000 - 25,000

Website

chsinc.com/

Value as a service

100%

Counterparties Vetted for Compliance

100%

Elimination of Annual Manual Certification

Challenge

Risk management was complicated by the diversity and number of factors.

Lack of centralized policies and oversight led to unnecessary risks.

Needed visibility and flexibility to deal with fluctuating AML, ABAC issues and ownership changes.

Solution

Invoicing

Spend Analysis

Supplier Risk & Performance

Results

A standardized and centralized system improved efficiency and mitigated risk.

Providers are pre-vetted and vetting expedited for improved service to partners.

Audits, including AML and ABAC, gain visibility in the streamlined system.

"CHS is now automatically screening counterparties for anti-money laundering compliance on a daily basis."
— Nicholas Meinen, CIA, CFE, Anti-Bribery and Corruption Program Manager