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The Total Spend Management Annual Benchmark Report
- Source-to-contract
-
Category Strategy
Scale planning across teams -
Sourcing
Get confident decisions faster -
Sourcing Optimization
Unlock maximum efficiency -
Contract Lifecycle Management
Take control end-to-end -
Supplier Information &
Risk Management
Manage risk across suppliers
- Procure-to-Order
-
Intake & Orchestration
Turn requests into action -
Procurement
Buy smarter, spend better -
Services Procurement
Gain visibility and control -
Inventory Management
Manage stock with precision -
Spend Analysis
Get insights you can act on
- Invoice-to-Pay
-
AP Automation
Optimize processes with full visibility -
Expense Management
Automate expense workflows -
Payments
Streamline, secure, and track -
Treasury Management
Optimize liquidity -
Fraud Protection
Detect and prevent
- Direct Spend Management
-
Direct Spend Management
Control spend to drive outcomes -
Direct Material Sourcing Solutions
Connect to strategy, BOMs, and contracts. -
Supply Chain Optimization
Optimize your supply chain for cost, service, and resilience -
Supply Chain Collaboration
Improve alignment across teams
-
Coupa AI Overview
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AI Use Case Library
See how AI drives results -
Coupa Compose
Intelligence on one platform
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BSM Bet Pays Off for Hospitality Leader
With disparate business units, MGM Resorts International has complex procurement needs that can range from buying linens to medical supplies for dolphins. And with over one million paper-based invoices annually, they knew they had to raise the stakes on digitization with a unified platform.
Company Overview
MGM Resorts International is a global hospitality and entertainment company with over $7 billion of spend.
Headquarters
Global
Employees
75,000+
Website
mgmresorts.com/Value as a service
Challenge
Over $7 billion in spend each year spread across one million paper invoices.
Limited end-to-end visibility into procurement and payment due to paper-based processes.
Several disjointed lines of business including hospitality, retail, food and beverage.
Results
With PO-backed invoices Finance and Procurement teams achieved greater budget predictability almost overnight.
Greater visibility into spend and suppliers for locations around the world.
Electronic invoicing jumped from 0% to 90% for the one million invoices processed each year.
"We were just thrilled with the results and how quickly we obtained the value of process efficiencies."
— Amanda Prochaska, Former Vice President of Procurement PMO