Talos Energy Gains Visibility, Efficiency and Savings With Coupa
Value as a Service
Spend under Management
Increase in Spend Visibility
Decrease in Invoice Cycle Time
Manual processing was slow and vulnerable to maverick spending.
Paper based systems and ad hoc PO numbers were inefficient and costly.
Lack of visibility impacted operations of, and maintenance and repairs to drilling platforms.
Ease of use enabled adoption by managers.
Added visibility allows spend consolidation and identifying sourcing opportunities for cost savings.
Pre-approved spend and e-invoicing has enabled automated 3-way match and posting of accruals.