Saga

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Saga

Saga uses Coupa to Help Finance and Procurement Grow Smarter Together

Saga chose Coupa’s user-friendly solution because it would provide the company with a platform to develop a better approach to its procurement strategy as well as automate AP, enabling harmonization of procurement practices across the Group.
Company Overview
Saga offers a range of products and services exclusively for the over 50s, including insurance, holidays, money and the UK's best selling monthly magazine.
Headquarters
Kent, UK
Employees
1,000-5,000
 

Value Stats

90%

Overhead & marketing invoices run through Coupa

70%

Reduction in invoice cycle times

98%

Faster payment run approvals

Challenge

  • Error-prone manual AP processes
  • Consistently late payments
  • Multiple platforms for centralized finance and decentralized procurement functions

Solution

  • Coupa P2P
  • Coupa Pay
  • Coupa SIM
  • Coupa InvoiceSmash

Result

  • Automated and fully digitized invoicing and approvals
  • Sign-off times for payment runs dropped from 2-3 hours per week to 3-4 minutes per week, and invoice cycle times have been reduced by nearly 70%.
  • By digitizing these workflows, the company was able to realize significant operational efficiencies, reduce costs, and increase control and compliance.

"Investing in business spend management is helping our finance & procurement teams work better together. Coupa has been a key part of our digital transformation of the back-office."

David Moore, Finance Director, Saga plc