Coupa Software Expands Global Leadership in Middle East with Al-Elm

Technology arm of Saudi Arabian government deploys Coupa in less than 30 days

SAN MATEO, Calif. – October 29, 2013 – Coupa Software, a leading provider of cloud-based applications for finance, today announced that the investment arm of the Saudi Ministry of Finance, Al-Elm Information Security, has selected and successfully implemented Coupa to automate its spend management processes, resulting in increased business agility and improved efficiencies as the company continues to grow.

Al-Elm provides advanced e-solutions and IT development for the government sector. Amid the company’s expansion this year, Al-Elm’s finance department was struggling with the time-intensive and inefficient process of manually approving purchase orders and requisitions. Management wanted to standardise its purchasing practices with a simple-to-use solution that would encourage user adoption, reduce costs and deliver better managerial oversight into the accounting process.

After a thorough review of solutions from Wipro, Tally and Ramco, Al-Elm chose Coupa because it offered a feature-rich solution that was quick and easy to deploy, maintain and upgrade. Since deployment in mid-2013, Coupa’s spend optimization software has enabled the client to:

• Standardise its purchasing practices by delivering an automated environment to employees, increasing staff efficiency by seventy-five percent (1) 

• Eliminate time-consuming manual input and duplications, reducing the time to process invoices from 30 days to 30 minutes, allowing the organization to realise early payment discounts (1)   

• Deploy a robust cloud-based financial solution in less than 30 days (1)

“Al-Elm required a spend optimization solution that was easy to deploy, use and capable of growing as the company expands,” said Alex Kleiner, EMEA regional vice president, Coupa. “By implementing Coupa’s cloud-based financial solutions, Al-Elm can not only optimize its procurement processes, they are able to drive unprecedented levels of productivity across its operations that improve performance and ultimately, profits.”

About Coupa Software
Founded in 2006, Coupa Software is the leading provider of cloud-based spend optimization software. More than 350 customersuse the Coupa suite of cloud applications to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a suite of true cloud applications for finance, including procurement, expense management and accounts payable that enables customers to launch the solution immediately and quickly realize significant savings. Learn more at: https://www.coupa.com or call +1 (650) 931-3200. Read more at our company blog, Making Cents or follow @Coupa on Twitter.

(1) Based on internal customer results