Mirati Therapeutics
Customers / Mirati Therapeutics
Industry
Mirati Scales Rapidly with a 2-Person Finance Team
Spending nearly $40 million a month, Mirati’s informal and highly manual procurement process left it prone to financial risk. To gain spend visibility and control, the finance team chose Coupa.
Company Overview
Mirati Therapeutics is a clinical-stage biotech company committed to finding breakthrough therapies for cancer patients.
Headquarters
San Diego, CA
Employees
100-500
Customer Website
Value as a Service
0
Additional Headcount While Scaling
1,000+
Invoices Processed Each Month
$40M
Spend Tracked Each Month
Challenges
Issuing blanket POs increased risk and meant finance couldn’t compare item pricing, check availability, or track shipments.
Using four different systems for procurement and payments led to slow operational processes and data silos.
Getting internal stakeholder buy-in for a new spend solution.
Solutions
Results
A step-by-step controlled buying process with punchout capabilities ensures each purchase is properly captured, approved, and compliant.
One system to connect procurement and payments, including three-way and touchless invoice matching, means two people now seamlessly process over 1,000 invoices each month.
Coupa’s easy integration with NetSuite lightened the load on internal employees.
