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American Express Global Business Travel Selects Coupa For Optimizing Spend Management
Coupa’s cloud-based spend management solutions implemented as part of American Express Global Business Travel’s global cloud initiative
SAN MATEO, CA — May 4, 2015 — Coupa Software and American Express Global Business Travel (GBT) today announced GBT’s adoption of Coupa’s P2P suite, including Coupa Expenses, to improve overall spend management.
American Express Global Business Travel is re-imagining corporate travel and needs software that can adapt to the growing and changing needs of modern commerce, while delivering increased visibility into the procurement and expensing procedures for GBT. As part of a strategic decision to transition all IT operations to the cloud, GBT selected Coupa as its spend management solution for its ease-of-use, cost and agility. Replacing legacy solutions, Coupa’s solution will be among the first software implemented as part of GBT’s new cloud initiative.
“With the continued globalization and consumerization of business, we need to be operationally nimble, scalable and efficient in order to stay ahead of curve,” said Patrick Bourke, Chief Administrative Officer, American Express Global Business Travel. “Coupa’s financial software is a key part of our overall cloud strategy and will give us the insight and flexibility we need to plan ahead and adapt in a rapidly changing business environment.”
American Express Global Business Travel will use Coupa’s procurement, invoicing, and expensing applications to improve visibility into GBT’s overall spend and improve the management of their travel expenses. Coupa will be integrated into Oracle Financials and NetSuite as part of GBT’s overall cloud-based business productivity solution.
“We are excited to be working with such a forward-thinking company as American Express Global Business Travel, that recognizes the value and efficiency of cloud-based solutions,” said Rob Bernshteyn, Coupa CEO. “Coupa’s streamlined financial platform that brings together procurement, invoices and expenses will give GBT the visibility and spend management control they need to continue driving success.”
Coupa’s software suite for American Express Global Business Travel includes:
- Procurement – Offering one place for employees to go for when they think “I need” goods, services or information, Coupa’s procurement solution drives cost savings and real-time decision making with better visibility into spend. With an easy-to-use application, accessible from any device, anywhere, Coupa procurement delivers fast adoption and high policy compliance to enable increased savings.
- Expenses – Enabling timely and accurate expense reporting, Coupa’s expenses offering shifts customers from simply managing spend to optimizing it with powerful and flexible reports and tools. Additionally, Coupa’s easy-to-use interface and mobile app support employee adoption and compliance.
- Invoicing – Coupa’s invoicing solution helps reduce paper and increase e-invoicing adoption by giving suppliers choice in how to connect. It also offers increased AP efficiency with automation and touchless invoice processing and improves visibility into financial obligations to better manage cash and working capital.
- Sourcing – Coupa sourcing allows customers to quickly and easily get to the true market price with real-time collaboration and bidding.
About Coupa Software
Coupa Software enables businesses everywhere to recognize bottom-line financial success via Savings-as-a-Service. More than 500 customers headquartered in over 40 countries use Coupa to support business agility and reduce costs. Only Coupa provides an organic suite of true cloud applications including accounts payable, procurement, expense management, sourcing and inventory, allowing customers to realize a return on investment that starts within a few months and grows continually. Learn more at www.coupa.com. Read more at our company blog, Making Cents or follow @Coupa on Twitter.
About American Express Global Business Travel
American Express Global Business Travel enables corporations and empowers business travelers with insights, connections and exceptional customer service on a global scale. Through technology and information, American Express Global Business Travel provides leading travel solutions, integrated consulting services, proprietary research, and end-to-end meetings and events capabilities. These innovative offerings enable clients to optimize the return on their travel and meetings investments.
American Express Global Business Travel has operations and network partners in nearly 140 countries worldwide with approximately 14,000 employees. American Express Global Business Travel ranked first among corporate travel providers in the 2014 Corporate Travel 100 (“CT100”), an annual listing compiled by Business Travel News which ranks companies with the largest volume of U.S. air bookings. Learn more about how American Express Global Business Travel connects the world at www.amexglobalbusinesstravel.com.