Vanquis

Industry

Vanquis Creates a Tech-Driven Finance Function with Coupa

Vanquis left behind manual and isolated processes for Coupa’s automated and integrated platform — leading to greater collaboration and spending control across its diverse business divisions.

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Company Overview

Vanquis offers credit cards and loans for customers who are not well-served by mainstream lenders.

Headquarters

London, England

Employees

1,000-5,000

Customer Website

https://www.vanquis.co.uk/

Value as a Service

$23M

In Savings Within 5 Years

99%

Of Invoices PO-Backed

Increase in Digital Invoicing

Challenges

Upgrade the company’s ERP while also deploying Coupa across several divisions of the business within budget, on time, and ensuring no gaps in regulatory compliance.

Only 25% of purchases were PO-backed due to each business division using its own set of procurement processes.

With so many suppliers and a huge amount of transactional volume, the accounts payable team spent too much time manually verifying tax specifications on each invoice.

Solutions

Procurement

Invoice

Supplier Portal

Results

Collaborating side-by-side with certified Coupa implementation partner Barkers to move all divisions to one easy-to-use platform, resulting in nearly 70% user adoption in one year.

Standardizing procurement processes improves PO-backed invoicing to 99% and gives Vanquis greater control over its spend.

Automating tax coding and digitizing invoicing by 500% enables the Accounts Payable team to focus on more strategic tasks like query resolution.