Ionis Pharmaceuticals
Customers / Ionis Pharmaceuticals
Industry
Ionis Gets a BSM Booster to Manage Rapid Doubling of Global Suppliers
When Ionis took its subsidiary Akcea public, it quickly began opening new offices to prepare for commercial operations. This presented immediate challenges for AP and Purchasing as they began onboarding twice as many suppliers. Coupa BSM helped them build on their existing Coupa solutions to grow in stride.
Company Overview
Ionis Pharmaceuticals is a global, public company that creates and develops pharmaceutical therapies.
Headquarters
U.S, U.K.
Employees
100-500
Customer Website
Value as a Service
1500
New Suppliers Onboarded Annually
>85%
On Time Payments
6x
Reduction in Requisition Cycle Time
Challenges
Manual, duplicative data entry intensive processes
Inefficient vendor onboarding
Limited visibility into payment status
Results
96% of invoices are processed digitally, with only a handful left in the ERP
96% of invoices and over $200M of spend is processed through Coupa
Digitized supplier management
"Time to value was immediate. If someone asked me about Coupa for BSM, I’d say it’s a no-brainer."
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