HENSOLDT selects Coupa‘s cloud-based spend management platform
July 07 2017 - 8:30AM
Coupa Software (NASDAQ:COUP), a leader in cloud-based spend
management, has announced that leading defense electronics company,
Hensoldt, has chosen to implement Coupa’s innovative cloud-based
spend management solution. The internationally established
armaments group, best known for its sensor technology, will roll
out the Coupa solution globally across all its locations.
With about 4,000 employees and revenues that
total about 1 billion Euros, Hensoldt is a new company that spun
off this year from the Airbus Group and currently specializes
in sensor systems, which are used in optronic devices and radar
systems.
Gregor Schulz, purchasing manager at Hensoldt,
explains why the company chose Coupa: "We were looking for an
efficient way to digitize and automate transactional processes with
our suppliers in both direct and indirect material purchasing. One
of our main goals was to simplify all strategic and operational
processes, from the onboarding of suppliers to electronic invoice
verification, whilst relieving all stakeholders including our
suppliers.”
After a careful evaluation of all the solutions
on the market, Hensoldt opted for Coupa Source-to-Pay (S2P)
alongside its analysis platform. Important factors in the decision
to choose Coupa included its intuitive user-interface and the
option to use a unified software platform to simplify the processes
involved in direct and indirect material purchasing: "Both us and
our suppliers save time, effort and ultimately money from these
digitized processes," Schulz said.
Born in the cloud, Coupa delivers a modern spend
management platform that accelerates business by unifying processes
across all the ways employees spend money. These processes cover
travel and expense management, procurement, invoicing, and related
source-to-settle areas. Using the Coupa Open Business Network, the
platform has connected more than three million suppliers and
delivers a powerful solution for businesses committed to
controlling their spend.
“Hensoldt will be able to drive increased
adoption across its employees and suppliers as well as capture
spend-related transactions in one place with our Unified Coupa
Platform for Business Spend,” said Rob Bernshteyn, CEO, Coupa. “The
company requires a comprehensive, open, user-centric,
prescriptive, and accelerated approach to help digitize its
paper-based systems. We look forward to helping Hensoldt meet its
goal."
The cloud-based solution modules of Coupa's
Spend Management Suite, which Hensoldt will implement, include
Coupa Source-to-Pay, Supplier Information Management and compliant
e-invoicing.
About Coupa Software Coupa Software
(NASDAQ:COUP) 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 HensoldtHensoldt is one
of the world's leading providers of premium sensors for security
and surveillance missions. The company is the world market leader
in missile warning systems and submarine periscopes. In addition,
Hensoldt is strongly in the market for radars, optronics and
electronic protection systems. The company was formed from the
security and defence electronics activities of Airbus, which were
outsourced in 2017 from the Airbus Group and has entered the market
as a new sensor house under the brand name Hensoldt. With
approximately 4,000 employees, Hensoldt achieves annual sales of
around € 1 billion. www.hensoldt.net
Media inquiries:
Orlando De Bruce
Coupa Software
Global Public Relations
orlando.debruce@coupa.com
O (650) 485-8629
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