Customers / DBS Bank
DBS Banks on Coupa to Digitize Spend and Launch its Digital Journey
DBS wanted to create a "joyful experience" for daily procurement. But being in the highly regulated financial industry, and with a multi-national footprint, they had very strict platform requirements to meet the unique rules and regulations of each market.
The Development Bank of Singapore (DBS) is the largest bank in Southeast Asia with 280 branches in 18 markets.
Value as a Service
of Spend Digitized
Additional Spend Managed
Less Time Spent on Procurement
As organization and supply base grew, digitizing procurement and spend processes became increasingly necessary.
Invoicing was inefficient and cumbersome.
Leadership needed better spend visibility.
Regulatory compliance was critical for the very diverse regional requirements.
In just 6 months, spend visibility significantly increased.
Over $400 million additional spend going through the procurement system and compliant invoicing module.
Employees now enjoy an Amazon-like buying experience in day-to-day payment and sourcing.