SAN MATEO, Calif., Sept. 16, 2021 /PRNewswire/ -- Coupa
Software (NASDAQ: COUP), a leader in Business Spend Management
(BSM), today announced that Sonoco, a global packaging solutions
leader with more than $5 billion in
annual revenue, has successfully deployed Coupa Pay and virtual
cards across the organization to gain enhanced visibility and
control into its spend and transform business processes.
By implementing Coupa and virtual cards, Sonoco has been able to
make the purchasing process more efficient and streamlined for its
facilities, increasing spend visibility while reducing
risk.
Powered by Coupa's BSM Platform, Coupa Pay's easy-to-use virtual
cards enabled Sonoco to better manage its spend and card program
while providing its manufacturing plants with flexibility,
streamlining its payment processes and providing greater visibility
into pre-approved spend. Coupa Pay provides Sonoco with one place
to process its payments, POs, invoices and expenses.
"Coupa's cutting-edge, fully unified solution provides our
global company the speed and flexibility we need to pay suppliers
while maintaining visibility into our transactions," said
Elizabeth Mozley, director, center
of excellence and category management at Sonoco. "We have
already achieved more than 90% of our expected volume, a huge win
in accomplishing a successful transition to Coupa Pay. We've also
been able to maintain our card volume while eliminating extraneous
charges from suppliers that were not approved, giving us better
visibility into what we're paying."
"Sonoco was looking to find a best-in-breed solution to allow
them to harness the innovation within the business spend management
category," said Mark Riggs, chief
customer officer at Coupa. "We are delighted to be working with
Sonoco and look forward to the Coupa platform continuing to serve
as a key business driver providing value across their entire
organization."
About Coupa Software
Coupa empowers companies around
the world with the visibility and control they need to spend
smarter and safer. To learn more about how Coupa can help you spend
smarter, visit https://www.coupa.com. Read more on the Coupa Blog
or follow @Coupa on Twitter.
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SOURCE Coupa Software