Value as a service
Challenge
Without a formal procurement system, many employees bought items through different vendors, resulting in value leakage.
Finance spent too much time on tax coding and had no way to track, forecast, or budget spending since they only became aware of purchases when they received an invoice.
The company wanted to deploy a user-friendly tool across various locations that required minimal IT involvement
Results
Standardizing procurement processes onto Coupa’s platform drives 99% of spend to be on-contract and enables better insights for contract negotiations.
Automating account payables and VAT accounting means finance can focus on improving profitability, F&P planning, and budgeting.
Achieving high user satisfaction across every department, including IT, with Coupa’s easy-to-use and low-maintenance capabilities.
“We are down to a fast process of invoicing and ordering, and engaging new suppliers is a lot easier.”
— Ulrik Lolk, Head of Indirect Procurement