Sonic Automotive
Customers / Sonic Automotive
Industry
Sonic Streamlines Procurement Contracts To Keep Pace With Supersonic Growth
Sonic's boom in growth challenged their Procurement and Legal teams with double the number of contracts seen in previous years. Coupa digitized their manual processes for negotiating and managing contracts for a smooth road ahead.
Company Overview
Sonic Automotive is a Fortune 500 company based in Charlotte, North Carolina, and is the fifth largest automotive retailer in the United States.
Headquarters
Charlotte, NC
Employees
5,000-10,000
Customer Website
Value as a Service
1
Central contract repository
78%
Of Spend Pre-Approved
12
Weeks to realize results in digital contracting
Challenes
Unrealized benefits from sourcing
Manual processes tied up procurement, legal, and suppliers in negotiating and signing contracts
Inefficient contracting led to lack of visibility into contracts and spending
Results
Systematic Realization of Sourced Pricing and Terms
Streamlined Wizard-Based Contracting Eliminated Manual Processes
Greater Visibility into Contracts and Terms
