NPL Construction Co. Builds Success with Coupa
Leader in Energy Distribution Systems Slices Approval Times for Capital Equipment by Almost Two Days
SAN MATEO, Calif. – June 13, 2014 – Coupa Software, the leading provider of cloud applications for finance, today announced it has driven success for NPL Construction Co., a leader in energy distribution construction. By using Coupa, NPL has decreased request-to-approval time on capital equipment by 11 hours and achieved significant cost efficiencies through a better-managed supplier network.
Coupa’s cloud-based, SaaS solution was selected by NPL for its ability to quickly and easily provide a configurable solution for NPL’s needs. With a workforce of more than 4,000 working coast-to-coast in more than 20 states, the requirement to provide an easy-to-access standardized procurement process was paramount. Coupa’s intuitive user interface encouraged rapid adoption and is driving maximizing spend under management.
“In order to sustain NPL’s rapid growth and stay competitive, we made a commitment to partner with the best-in-class,” said Jim Kane, NPL President and CEO. “Coupa is helping us streamline the entire process from the time it takes to order an item until NPL pays the supplier for delivery. Simply put, we think of it as NPL’s own online shopping.”
NPL identified three key objectives for the new cloud procurement solution: create cost efficiencies through a centralized network of approved suppliers; provide greater visibility into company-wide spend; and reduce approval times by providing global access with a cloud-based solution.
“The amount of information and recording already available through Coupa is incredible, but more importantly, it will help us stay competitive in the future,” said Kevin Neill, SVP, CFO and Treasurer of NPL. “With Coupa, we drastically reduce the amount of unknown costs that require estimating. This moves us closer to the goal of real time reporting to our operations teams to use for everyday business decisions.”
About NPL Construction Co.
NPL Construction Co. provides distribution infrastructure services to energy providers across the country. It offers turnkey underground and overhead solutions including pre-construction, construction, and post-construction services. Founded in 1967, NPL will celebrate 50 years of service in 2017. With a workforce 4,000 strong and operations in more than 20 states, NPL is the nation’s leader in energy distribution construction.
About Coupa Software
Founded in 2006, Coupa Software is the leading provider of cloud applications for finance. More than 400 customers headquartered in over 40 countries use the Coupa suite of financial applications to support business agility and reduce costs. Only Coupa provides a suite of true cloud applications for finance, including sourcing, procurement, expense management and accounts payable that allows customers to realize a return on their investment within a few months and savings that continually impact the bottom line. Learn more at: coupa.com or call +1 (650) 931-3200. Read more at our company blog, Making Cents or follow @Coupa on Twitter.