Sonoco
Customers / Sonoco
Industry
Sonoco: Putting the POP into Popular Products with Coupa
Sonoco, the world’s largest producer of composite cans and tubes, gains clarity from the cloud for complete procurement and AP visibility with Coupa.
Company Overview
Sonoco, the world’s largest producer of composite cans and tubes, has products on shelves of supermarkets everywhere.
Headquarters
Hartsville, South Carolina
Employees
10,000-25,000
Customer Website
Value as a Service
100%
Visibility into indirect spend
90%+
of Virtual Card Transactions flowing through Coupa Pay
1,500+
Suppliers effectively managed internally
Challenge
- Card on purchase order (PO) process provided poor visibility into spend
- Suppliers were saving virtual card numbers and using them for subsequent POs
- Transaction reconciliation was time consuming and manual"
Solution
- Coupa P2P
- Coupa Pay
Result
- Transitioned to card on invoice
- Faster time to pay suppliers with invoice match
- Effectively implemented change management internally with over 1,500 suppliers
- Eliminated one-time supplier onboarding
