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Coupa + MIT Data Science Lab move beyond sentiment surveys.
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Analytics Agent
Learn how to find answers to your analytical questions with the Analytics Agent.
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Knowledge Agent
Learn how to find answers to your procurement-related questions with the Knowledge Agent.
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Supplier Assistance Agent
Coupa Navi™ CSP Supplier Assistance Agent assists suppliers with general questions about the Coupa Supplier Portal (CSP) based on the Compass documentation.
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$10 Trillion and Counting...
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AI
Predicting the future of business spend, faster
Coupa + MIT Data Science Lab move beyond sentiment
See the direction of business spend
Coupa + MIT Data Science Lab move beyond sentiment surveys.
Get the BSI Report
$10 Trillion and Counting...
Our unique data takes our AI capabilities to the next level
Explore Coupa AI
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
Website
https://www.talosenergy.com/home/default.aspxValue 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
