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Drive smarter spend strategies with AI
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
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Primetals Completely Revamps Financials with Coupa Treasury
Primetals leverages Coupa Treasury to gain visibility and flexibility, reduce risk, and simplify banking through building a comprehensive treasury system from the ground up.
Company Overview
Primetals Technologies provides metals producers with cutting-edge, custom-tailored plant equipment and services.
Headquarters
London, England
Employees
5,000 - 10,000
Website
primetals.comValue as a service
Challenge
Had to build a treasury system from scratch.
Needed group-wide cash management using POBO and ROBO models.
Intercompany clearing, financing, and FX trading needed optimizing.
Needed to reduce number of bank accounts and payment formats.
Solution
Results
Good UX sped up adoption rates and optimized the post-merger integration process.
Interest gains from optimizing bank partners are estimated in the seven-figure range.
AI analysis reduces risk of fraud for more than 200,000 payments a year.
"You can’t have good risk management without good cash management."
-- Jeremy Hamon, Head of Group Finance