Coupa Named a Leader in the 2026 IDC MarketScape Worldwide AI-Enabled AP Automation Software for Large Enterprise
Building XP Inc.'s Procurement from the Ground Up
Facing rapid growth and a Nasdaq IPO, Latin America's largest brokerage firm, XP Inc., centralized its fragmented purchasing processes into a unified financial hub using Coupa.
Value as a service
Challenge
Decentralized teams negotiated independently.
Lacked consistent spend oversight and contract management.
Needed stronger financial controls for Nasdaq IPO.
Had to prove procurement could create value.
Results
Managed over 99% of company spend through Coupa.
Governed over 80% of purchasing via pre-negotiated agreements.
Supported business growth while keeping overhead costs lean.
Created investor value through financial discipline.
“Our role is to create value for the company and for our investors. That's how we measure success, and Coupa has been a critical part of that.”
— Jamil Syrio | Chief Procurement Officer | XP Inc.






