Coupa selected by Zurich Insurance to transform its business spend
July 12 2018 - 8:30AM
Coupa Software (NASDAQ:COUP), a leader in business spend management
(BSM), today announced that Switzerland’s largest insurer and
global top 100 company, Zurich Insurance Group (Zurich), selected
Coupa’s business spend management platform
to
manage the company’s procurement spend with greater
visibility, smarter analytics, and better processes. The
first phase of the rollout, which included source-to-contract, was
deployed in just two months. Procure-to-pay and expenses management
will be rolled out later this year.
As part of its broader strategy to transform operations and move
to a simpler, customer-focused and efficient Source-to-Pay model,
Zurich was looking for an integrated solution that enables:
- Managing spend from purchase all the way through to
payment
- Streamlining employee expense management processes
- Transitioning to a simple, innovative, and compliant platform
that enhances employee experience
Thomas Sebastian, chief procurement officer, Zurich
Insurance, said. “At Zurich we are committed to investing
in the agility and modernization of our systems as part of our
strategy to innovate, simplify our operations, and better serve our
customers.”
“Like many of our customers, Zurich was looking for a
comprehensive platform that would adapt and grow with their
business and provide a simple and efficient user experience,”
said Mark Riggs, chief customer officer, Coupa.
“We are delighted to be working with the team at Zurich and look
forward to continuing to help them drive efficiency and
savings.”
The initial rollout of Coupa’s BSM platform went live in
December 2017 after a rapid integration and is already enhancing
strategic sourcing efforts at Zurich by helping the company
optimise and automate procurement processes.
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 ZurichZurich Insurance Group (Zurich) is
a leading multi-line insurer that serves its customers in global
and local markets. With about 53,000 employees, it provides a wide
range of property and casualty, and life insurance products and
services in more than 210 countries and territories. Zurich’s
customers include individuals, small businesses, and mid-sized and
large companies, as well as multinational corporations. The Group
is headquartered in Zurich, Switzerland, where it was founded in
1872. The holding company, Zurich Insurance Group Ltd (ZURN), is
listed on the SIX Swiss Exchange and has a level I American
Depositary Receipt (ZURVY) program, which is traded
over-the-counter on OTCQX. Further information about Zurich is
available at www.zurich.com.
Media ContactStefanie
Gordishstefanie.gordish@coupa.com+1 (415) 590-9722
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