Oil and Gas Powerhouse KMG Rompetrol selects Coupa to digitise business spend
March 22 2017 - 8:30AM
Coupa Software (NASDAQ:COUP), a leader in cloud-based spend
management, today announced that leading international oil and gas
company, KMG Rompetrol, has selected Coupa to automate its
procurement processes and increase efficiency across its
operations.
Operating in a highly competitive global industry and with an
expanding supplier and customer base, KMG Rompetrol required an
agile solution that would not only allow its internal procurement
activities to be automated, but also add value by providing insight
into measurable key performance indicators (KPIs).
After a stringent evaluation of the marketplace, KMG Rompetrol
chose Coupa’s S2P and analytics software, highlighting the mobility
of the Coupa solution and intuitive user interface of the platform
as important advantages.
“Coupa stood out to us immediately. Our suppliers are a vital
part of our business and the fact that Coupa doesn’t charge them
for collaboration on the platform was a key differentiator,” said
Zamanbek Mirzayanov, global procurement director at KMG Rompetrol.
“We wanted a solution that would allow us to streamline our
procurement process completely, foster collaboration and allow us
to focus our efforts on the more mission critical aspects of our
business. It became clear very quickly why Coupa is recognised as
an innovator and leader in the spend management space.”
In addition to KMG Rompetrol automating its financial processes
with Coupa solutions, the oil and gas company also can provide
employees with access to supplier information in even the most
remote locations.
Headquartered in Bucharest, Romania, and a subsidiary of
KazMunayGas, the state-owned oil and gas company of Kazakhstan, KMG
Rompetrol is one of the most well-established oil companies in
Europe. It has more than 7,000 employees in 12 countries with
significant operations in the Black Sea and Mediterranean Sea.
Coupa EMEA General Manager Alex Kleiner emphasised that by
selecting Coupa, KMG Rompetrol can make it easier for its employees
to transact and collaborate with suppliers, laying the foundations
for long-lasting successful relationships.
“In a fast-moving competitive industry, it’s absolutely crucial
for organisations to have the correct technology in place allowing
them to automate their procurement processes as efficiently as
possible,” Kleiner said. “At Coupa, we understand the importance of
measuring KPIs and ensure that our solutions are optimised to
provide insight into business spend, all of which helps deliver
clear and measurable value. KMG Rompetrol, is one of the most
recognised oil and gas organisations in the world, and we’re
excited to have them join the Coupa family.”
About Coupa Software Coupa Software is the
cloud platform for business spend. We deliver “Value as a Service”
by helping our customers maximise their spend under management,
achieve significant cost savings and drive
profitability. Coupa provides a unified, cloud-based spend
management platform that connects hundreds of organisations
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.
About KMG RompetrolKMG International has been
the name of the well-established Rompetrol Group N.V since 2014.
With 7,000 employees, KMG International carries out operations in
12 main markets throughout Europe and Central Asia, being active
primarily in trading, refining and petrochemicals, retail and
marketing and other services in the oil industry such as well
services, drilling, EPCM, producer of cast iron valves.
Rompetrol is the main brand of KMG International, used for the
refining and petrochemicals operations, retail activities in
Romania, Moldova, Bulgaria, Georgia and also for well services in
the upstream area. It has gained success not only through
development at international level, but also in 4 decades of
expertise in the oil industry. Learn more at
http://www.kmginternational.com.
Media inquiries:
Orlando De Bruce
Coupa Software
Global Public Relations
orlando.debruce@coupa.com
O (650) 485-8629
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