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.
Talos Energy is a leading offshore energy company focused on oil and gas exploration and production.
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 drilling platforms as well as their maintenance and repairs.
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.