DBS Bank Selects Coupa Cloud Platform for Business Spend
December 01 2016 - 8:30AM
Business Wire
One of Asia’s leading banks to reduce risk and
increase control by digitizing spend processes
Coupa Software (NASDAQ:COUP), a leader in cloud-based spend
management, today announced that the leading financial services
group in Asia, DBS Bank Ltd, has selected the Coupa cloud platform
to digitize its spend processes.
The Coupa platform will replace DBS’ current procurement systems
and will be rolled out globally to more than 22,000 employees in
more than 280 branches across 18 markets. The implementation will
be led by KPMG in Singapore and will initially be deployed to users
across Singapore, China, Hong Kong, Taiwan, Indonesia, and
India.
After an extensive market evaluation, DBS selected Coupa for its
walk-up usability leading to adoption by both employees and
suppliers, the proven collaboration success Coupa customers achieve
with their global suppliers, and elegant integration to DBS’
multiple ERP systems, primarily Oracle PeopleSoft.
“Improving corporate governance to protect the interests of all
our stakeholders is a strategic priority for us,” said Donna
Trowbridge, group head of procurement at DBS. “Coupa will enable us
to digitalize spend processes and reap group-wide benefits through
increased profitability, cash flow control, risk reduction, and
global spend visibility. The platform’s configurability is
unmatched and gives us the agility we need to react quickly as our
business changes due to internal and external forces.”
As one of the world's leading financial services organizations,
DBS aims to make banking easy for its customers. As an Asia-centric
commercial bank, it is also focused on harnessing the region’s
long-term potential as the centre of economic gravity shifts
eastwards to Asia. DBS seeks to intermediate trade and investment
flows between Asia’s three key axes of growth – Greater China,
South Asia, and Southeast Asia – as well as participate in Asia’s
growing affluence.
DBS is at the forefront of leveraging digital technology to
shape the future of banking, and has been named “World’s Best
Digital Bank” by Euromoney. The bank has been recognised for its
leadership in the region, having been conferred “Asia’s Best Bank”
by The Banker and Euromoney, and “Asian Bank of the Year” by IFR
Asia. The bank has also been named “Safest Bank in Asia” by Global
Finance for eight consecutive years from 2009 to 2016.
Rob Bernshteyn, CEO of Coupa, said DBS’ selection of Coupa will
allow the global bank to focus on transforming and simplifying its
procurement operations to deliver measurable value to the
company.
“Technology is causing a fundamental shift in business, and the
winners will be those that can drive down costs and optimize their
businesses,” Bernshteyn said. “DBS understands that digitizing its
business and managing all categories of business spend is more
critical now than ever. We welcome DBS to our family of customers
doing business throughout Asia.”
About Coupa Software
Coupa Software (NASDAQ:COUP) is the cloud platform for business
spend. We deliver “Value as a Service” by helping our customers
maximize their spend under management, achieve significant cost
savings and drive profitability. Coupa provides a unified,
cloud-based spend management platform that connects hundreds of
organizations representing the Americas, EMEA, and APAC with
millions of suppliers globally. The Coupa platform provides greater
visibility into and control over how companies spend money.
Customers – small, medium and large – have used the Coupa platform
to bring billions of dollars in cumulative spend under management.
Learn more at www.coupa.com. Read more on the Coupa
Blog or follow @Coupa on Twitter.
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Coupa SoftwareOrlando De Bruce, 650-485-8629 (O)Global Public
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