Cooper Standard was driving blind when it came to their procurement process, often not knowing status until invoices simply arrived. They turned to Coupa for better visibility and decided to upgrade to touchless invoicing with Coupa's powerful automation.

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Company Overview

Cooper Standard is a $3.6 billion tier-one automotive supplier with over twenty thousand employees in twenty countries.

Headquarters

Global

Employees

25,000 - 50,000

Website

cooperstandard.com/

Value as a service

80%

Touchless Invoicing, Down from 100% Manual

75%

Reduction in P-Card Spend

12%

Savings on Operating Costs

Challenge

Operations in 20 countries were spread across 24 indirect procurement systems.

No single catalog and zero visibility into spend until time for invoicing.

Highly manual processes were extremely time- and labor-intensive.

Solution

Procurement

Invoicing

Contract Management

Results

6 months for total, seamless integration with existing ERP and across all North America.

End-to-end procure-to-pay process that’s fully digital with 80% touchless invoicing.

75% reduction in p-card spend and 12% savings in MRO.

100% user adoption.

"With Coupa, you get speed. Within minutes, you can determine your spend by commodity, by supplier, by location."
— Steven De Luca, Director of Indirect Purchasing

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