Coupa Announces Agreement with Walmart to Enhance the Company's Business Spend Management
Coupa Software (NASDAQ: COUP) announced that Walmart has selected its Business Spend Management platform to enhance its source-to-pay processes. This partnership aims to improve visibility into Walmart's global spending, streamline procurement, and drive cost efficiencies. Coupa's modern solutions will replace Walmart's complex procurement systems, allowing for better sourcing of third-party spend, especially in North America. The phased rollout will involve procurement and advanced contract lifecycle management, ultimately enabling Walmart to achieve incremental savings across its operations.
- Walmart selected Coupa for its robust source-to-pay platform, enhancing procurement efficiency.
- The phased rollout will help Walmart achieve incremental savings through improved spend visibility and management.
- None.
SAN MATEO, Calif., Nov. 5, 2020 /PRNewswire/ -- Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), today announced that Walmart chose Coupa to upgrade its source-to-pay processes.
Coupa's BSM platform is expected to enhance Walmart's visibility into its global spend, create better efficiencies across its business, and drive incremental savings in the company's end-to-end procurement process. Walmart selected Coupa for the software leader's modern and comprehensive platform, industry-leading source-to-pay and contracting solutions, and likeminded focus on delivering the best value to its customers.
"Today, we have multiple, complex procurement systems across our business. Coupa's unique technology solution will help us optimize and harmonize our source-to-pay processes, providing cost savings, a simplified system and greater ease of use," said DK Singh, chief procurement officer at Walmart.
Walmart currently uses Coupa to optimize the sourcing of significant third-party spend in North America. The company will now embark on a phased rollout to expand adoption of the Coupa BSM Platform with procurement and advanced contract lifecycle management solutions. This will help the retail leader to not only optimize spend for highly complex sourcing events and categories, but also drive incremental savings through spend efficiencies.
"We are thrilled to be selected as Walmart's Business Spend Management provider to help optimize performance, visibility and control, and value across their spend and contracting processes," said Rob Bernshteyn, chairman and CEO at Coupa. "We look forward to bringing the same cost-conscious mindset to their business spend activities that they employ through their omni-channel, everyday low price approach to serving millions of customers each week."
Coupa empowers companies around the world with the visibility and control they need to manage all their business spend in one place. To learn more about how Coupa can help you spend smarter, visit www.coupa.com.
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 www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
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SOURCE Coupa Software
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