Talos Energy leveraged Coupa to update their paper-based procurement system, gaining visibility and control of spend, better inventory management, and more operational efficiency.

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Company Overview

Talos Energy is a leading offshore energy company focused on oil and gas exploration and production.

Headquarters

Houston, TX

Employees

100 - 500

Website

talosenergy.com/home/default.aspx

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.

Solution

Results

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

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Customer Case Study

Talos Energy Gains Visibility, Efficiency and Savings With Coupa

Company Overview

Headquarters

Employees

Website

Value as a service

Challenge

Solution

Results

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