University of Texas Uses Coupa to Streamline Supplier Adoption & Collaboration
UT Health chose Coupa's online supplier portal to automate and increase supplier adoption. This helped end users quickly find preferred suppliers with the best rate.
Company Overview
UT Health is a dynamic and rapidly expanding health science center with missions of education, clinical care, research and community service.
Headquarters
Houston, TX
Employees
5,000-10,000
Customer Website
Value Stats
76%
first time invoice match rate
80%
staff focused on high value sourcing
50%
reduction in approval cycle time
Challenge
- Decentralized culture and procure to pay process
- Staff was focused on small dollar transactions and chasing vendors
- High duplication of approval and manual data entry processes
- No inventory solution to manage direct materials
Result
- Streamlined ordering with a center of excellence
- 80% of staff now focused on high value sourcing
- Digitized 67% of invoice processing to reduce manual work
- Saved $6.5 million dollars in FY21
