Drive smarter spend strategies with AI
See what exceptional performance looks like and learn how to close the gaps.
Get the Benchmark Report
Analytics Agent
Learn how to find answers to your analytical questions with the Analytics Agent.
View use case
Knowledge Agent
Learn how to find answers to your procurement-related questions with the Knowledge Agent.
View use case
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.
View use case
$10 Trillion and Counting...
Our unique data takes our AI capabilities to the next level
Explore Coupa
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
VF Corporation
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.
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
Website
vfc.com/Value as a service
$50M
Additional Cash Flow Unlocked
80%
Of Invoices Straight Processed
$2B
In Transactions Captured
Challenge
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.
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.
“Just through the PO process alone, we know when we’re going to overspend and even underspend. Ultimately, we can course correct whenever we need to and make better decisions throughout the year.”
— Matt Puckett, Executive Vice President and Chief Financial Officer
