Freeman

Industry

Freeman Finds a Firm Financial Footing With Coupa

After the pandemic, Freeman needed to preserve its cash but also ramp up operations to meet the growing demand for in-person events. With Coupa, the company did just that — and saved $40 million, too.

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Company Overview

Freeman helps organizations plan the perfect event, whether virtual, in-person, or hybrid.

Headquarters

Dallas, TX

Employees

5,000-10,000

Customer Website

https://www.freeman.com/

Value as a Service

90%

Of Invoices PO-Backed

$44.1M

Savings in 3 Years

Challenges

The ability to rapidly scale down to preserve the financial health of the company during the height of the pandemic, and then ramp back up once demand for in-person events returned.

Reduce risk by improving the PO-backed rate on the company’s 180,000 invoices processed each year.

Train 6,000 workers quickly and drive high user adoption to reduce off-contract spending.

Solutions

Procure-to-Pay

Contract Lifecycle Management

AI Classification

InvoiceSmash

Sourcing

Advanced Analytics

Results

Gaining more visibility and control into operational efficiency by linking processes across the spend cycle to one platform.

Improving compliance and optimizing the accounts payable process with the automation of 6,000–7,000 invoices a month — resulting in a 90% PO-backed invoice rate.

Increasing on-contract spending from 13% to 51% thanks to a user-friendly purchasing platform with guided buying experiences.