Sanofi Selects Coupa Software to Manage Spend
Global Healthcare Leader launches Coupa Cloud project
SAN MATEO, Calif. – March 20, 2014 – Coupa Software, the leading provider of cloud solutions for finance, today announced that Sanofi, a global integrated healthcare leader with operations in more than 100 countries, has selected Coupa’s cloud procurement software to replace its existing on premise solutions and possibly roll it out in 85 countries.
Following an internal review of the company’s procurement process and systems, Sanofi decided to transition to a cloud-based solution to support its new strategy. The goal was to simplify and streamline their spend management process, and improve user experience. After an extensive internal assessment of the business and functional needs, a review of the technological environment and an evaluation of several vendors and potential partners, Sanofi selected Coupa.
Based on optimized processes, Sanofi expects the Coupa Solution to enable streamlined approvals flows, reduce complexity, shorten cycle times and related transaction costs. Coupa’s user-friendly application enables employees to purchase what they need to do their jobs. Users and administrators will have the benefit of the latest updated technology with Coupa.
After a pilot phase, Sanofi aims at possibly using Coupa in 85 countries, with 50,000 users. “We’re partnering with Sanofi around a common vision,” said Rob Bernshteyn, Chief Executive Officer, Coupa. “As a global leader in pharmaceuticals with tens of thousands of employees worldwide, Sanofi requires a solution and an approach that is focused on clear success criteria. The results, which we are jointly working toward, are widespread user adoption, significantly improved cycle times, and improved optimization of spend across the Sanofi global enterprise."
About Coupa Software
Founded in 2006, Coupa Software provides the world's only enterprise-class, organic suite of cloud solutions proven to reduce the cost of doing business by making it super easy for employees to make better decisions. More than 400 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 can be launched quickly for significant savings. Learn more at: coupa.comor call +1 (650) 931-3200. Read more at our company blog, Making Cents or follow @Coupa on Twitter.