Total Spend Management Benchmark Report

Traditional spend management approaches typically yield 2% to 3% in savings relative to overall spend. Top performers this year saved far more by applying total spend management best practices.

• Total spend management is emerging as a reliable, sustainable, and comprehensive approach to ensuring profitable growth. Sales forecasts may stay unpredictable, so CFOs and finance leaders are paying closer attention to what they can control – spending practices across their organizations.
• An investment in a total spend management platform gives CFOs and finance leaders the visibility they need to understand how resources are being used across the company.
• Increased visibility across all spend types, from cost of goods sold (COGS) to operating expenses, helps leaders fund their company’s growth through ongoing and disciplined spend control.

Download now to learn!

The total amount of invoiced spend linked with approved POs.

• Finance teams can inspect each transaction before the spend is committed and control costs in real time to meet targets and increase working capital.
• AP generates accurate accruals without follow-up when teams have greater and earlier visibility into spend that’s committed but not invoiced.
• It helps lower operating expenses since it’s more likely to go onto negotiated contracts, resulting in lower prices and better terms.
• Virtual cards help streamline pre-approved spend. Teams can increase liquidity by driving card rebates and optimizing the card’s payment cycle.
• Fraud prevention is more robust when more invoices are matched against POs automatically.

Download now to learn!

The percentage of invoices tied to digital payments out of all the total electronic invoices processed on the Coupa platform.

• They enhance risk mitigation. Digital payments improve payment security and fraud detection through additional control mechanisms and AI-driven learning.
• AP teams work much more productively with touchless operations. Digital payments reduce manual work to increase SG&A efficiency, and they enable automatic reconciliation.
• Teams can also see which payment to make when, without error. This creates more opportunities to optimize working capital and manage cash through virtual cards and early-pay discounts.
• It’s easier to strengthen relationships with suppliers when they know they’ll be paid – in the right amount, on time, and consistently.

Download now to learn!