VF Corporation

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VF Corporation Skates into $20M in Savings with Coupa

After standardizing and digitizing its purchase order and requisition process on Coupa’s platform, VF Corporation now has control over its indirect spend — resulting in $20 million in upfront savings.

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Company Overview

VF Corporation is one of the world’s largest outdoor and active lifestyle footwear, apparel, and accessories companies.

Headquarters

Denver, CO

Employees

10,000-25,000

Customer Website

https://www.vfc.com/

Value as a Service

$50M

Additional Cash Flow Unlocked

80%

Of Invoices Straight Processed

$2B

In Transactions Captured

Challenges

With no central system for purchase ordering and requisitions, the VF team needed more visibility and control over indirect spending.

A lack of digital and automated processes meant the finance team had to spend time digging through ledgers and pulling data from different places, making it difficult to optimize cash flow.

A global and remote workforce required the new spend management system and its processes to be easy to use.

Solutions

Procure-to-Pay

Open Business Network

Supplier Management

Results

Achieving $20 million in upfront savings and 80% of indirect spend capture after implementing Coupa’s platform — helping to standardize spending processes across the organization.

Unlocking $50 million in additional cash flow by improving visibility into third-party suppliers and digitizing the invoicing, purchase order, and payment process.

Getting 4,000 employees to quickly adopt the new purchase requisition policy thanks to a user-friendly platform.