Cooper Standard
Customers / Cooper Standard
Industry
Leading Auto Manufacturer Turbocharges Procurement with Coupa
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.
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
Customer Website
Value as a Service
80%
Touchless Invoicing, Down from 100% Manual
75%
Reduction in P-Card Spend
12%
Savings on Operating Costs
Challenges
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.
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.
"With Coupa, you get speed. Within minutes, you can determine your spend by commodity, by supplier, by location."
