Talos Energy

Customers / Talos Energy
Industry
Talos Energy

Talos Energy Gains Visibility, Efficiency and Savings With Coupa

Talos Energy leveraged Coupa to update their paper-based procurement system, gaining visibility and control of spend, better inventory management, and more operational efficiency.
Company Overview
Talos Energy is a leading offshore energy company focused on oil and gas exploration and production.
Headquarters
Houston, TX
Employees
100-500
 

Value as a Service

$200M+

Spend under Management

400%

Increase in Spend Visibility

90%

Decrease in Invoice Cycle Time

Challenge

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.

Solution

Coupa Source

Coupa Procure

Coupa Invoice

Coupa Expense

Result

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.

"Our platform operations now run more smoothly, while spend visibility and control helps our reporting and our bottom line."

Christie Bourque, Procurement Lead