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The Total Spend Management Annual Benchmark Report

Coupa

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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

Website
saga.co.uk/

Value as a service

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

Results

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

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