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
Customer Website
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 drilling platforms as well as their maintenance and repairs.
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.
