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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
Drive smarter spend strategies with AI
The Total Spend Management Annual Benchmark Report
Drive smarter spend strategies with AI
See what exceptional performance looks like and learn how to close the gaps.
Get the Benchmark Report
$10 Trillion and Counting...
Our unique data takes our AI capabilities to the next level
Explore Coupa AI
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.
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
Website
vanquis.co.uk/Value as a service
$23M
In Savings Within 5 Years
99%
Of Invoices PO-Backed
5X
Increase in Digital Invoicing
Challenge
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.
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.“The joint Vanquis Banking Group procurement and Barkers project team have enabled procurement and supplier management to be recognized as a strategic function at the enterprise level.”
-- Andrew Lambeth, Systems Manager
