Companies are finding savings, boosting
productivity, and driving sustainability through Coupa's BSM
platform
SAN
MATEO, Calif., Dec. 14,
2022 /PRNewswire/ -- Leading global brands are
relying on Business Spend Management (BSM) to build resilience into
their organizations, sharing inspiring stories, insights, and
successes of their transformations during Coupa Software's (NASDAQ:
COUP) 2022 Executive Summit Series. The series brought together
more than 500 executives across Australia, Singapore, France, U.K., and the U.S.
The volatility of the global economy has forced businesses to
face a level of uncertainty that hasn't been experienced in at
least a decade. Organizational resiliency is being tested, bringing
the Coupa community together to collaborate in preparation for
whatever new disruptions and challenges will come in 2023.
"For us, every dollar saved is another dollar put towards a
cure," said JR Miller, chief financial officer, Leukemia &
Lymphoma Society. "In the last three years, LLS has freed up
$18.4 million through smarter
business spending through Coupa that we've invested in lifesaving
programs. That translates to a 6.3% improvement in operating
margin. I hope sharing our success with the Coupa community
empowers others in their missions as well. There is no better way
to tackle complex problems than leveraging the collective brain
power of your peers."
Executives from more than 25 Coupa customers, including
AstraZeneca, Diageo, HSBC, UPS, and Uber shared stories of how
their organizations leverage Coupa's BSM platform to accelerate
performance and unlock purpose. Whether it's to scale and grow on
the path to an IPO, deliver on corporate ESG initiatives, or
improve financial maturity – BSM plays a strategic role in
achieving growth and transformation goals.
"We're in rapid growth mode, so we need a platform that can
scale and move forward with us. With Coupa, everything is
connected, automated, and streamlined," said David Hose, director of financial systems,
Bowery Farming. "Centralized spend visibility is critical to cost
management leading up to IPO. In less than a year, Bowery has
already recouped our Coupa subscription cost through process
automation and working capital optimization."
"Resilient companies succeed while others struggle because they
don't panic," said Chandar Pattabhiram, chief marketing officer,
Coupa. "Instead of investing less, these companies see turbulent
times as an opportunity to invest smarter. We're proud of our
community and are committed to helping our customers reduce risks,
increase efficiency, and drive profitability. Meeting new
operational, ESG, and financial challenges will take the collective
knowledge of all of us, from every corner of procurement, finance,
supply chain, operations, treasury, and IT."
Coupa's Executive Summit Series will be back in 2023, with more
opportunities for the BSM community to connect, brainstorm, and
develop strategies to tackle complex global challenges.
Want to make every dollar spent more effective and sustainable?
Join Coupa at Inspire Americas and Inspire EMEA, the flagship
global BSM community event.
About Coupa Software
Coupa is the cloud-based Business Spend Management (BSM)
platform that unifies processes across supply chain, procurement,
and finance functions. Coupa empowers organizations around the
world to maximize value and operationalize purpose through their
business spend. Learn more at www.coupa.com and follow us on
LinkedIn and Twitter.
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SOURCE Coupa Software