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
Customer Website
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."
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