RingCentral Partners with Coupa to Improve Operating Efficiencies, Workforce Productivity, and Growth
RingCentral (NYSE: RNG) has partnered with Coupa to optimize its spend and business operations. After a decade of revenue growth, RingCentral aims to modernize its back-office operations using Coupa's AI-driven total spend management platform. The partnership is expected to:
1. Automate processes across sourcing, procurement, risk, and payments
2. Control risk and improve governance over cash management and spend
3. Use AI to drive smarter business decisions
4. Achieve measurable cost savings by year-end
RingCentral's CFO, Sonalee Parekh, highlighted the platform's ability to modernize source-to-pay processes and increase operational velocity. Coupa's platform leverages community-generated AI built on a $6 trillion dataset to identify savings opportunities and free up funds for growth.
RingCentral (NYSE: RNG) ha stretto una partnership con Coupa per ottimizzare le sue spese e le operazioni aziendali. Dopo un decennio di crescita dei ricavi, RingCentral mira a modernizzare le proprie operazioni di back-office utilizzando la piattaforma di gestione totale delle spese basata sull'AI di Coupa. Si prevede che la partnership porterà a:
1. Automazione dei processi in sourcing, approvvigionamento, gestione del rischio e pagamenti
2. Controllo del rischio e miglioramento della governance nella gestione della liquidità e delle spese
3. Utilizzo dell'AI per prendere decisioni aziendali più intelligenti
4. Raggiungere risparmi misurabili sui costi entro la fine dell'anno
Il CFO di RingCentral, Sonalee Parekh, ha sottolineato la capacità della piattaforma di modernizzare i processi da fonte a pagamento e di aumentare la velocità operativa. La piattaforma di Coupa sfrutta un'AI generata dalla comunità basata su un dataset da 6 trilioni di dollari per identificare opportunità di risparmio e liberare fondi per la crescita.
RingCentral (NYSE: RNG) se ha asociado con Coupa para optimizar sus gastos y operaciones comerciales. Después de una década de crecimiento en ingresos, RingCentral busca modernizar sus operaciones de back-office utilizando la plataforma de gestión total de gastos impulsada por IA de Coupa. Se espera que la asociación:
1. Automatice procesos en sourcing, adquisiciones, gestión de riesgos y pagos
2. Controle el riesgo y mejore la gobernanza sobre la gestión de efectivo y gastos
3. Utilice IA para impulsar decisiones comerciales más inteligentes
4. Alcance ahorros medibles en costos para fin de año
La CFO de RingCentral, Sonalee Parekh, destacó la capacidad de la plataforma para modernizar los procesos de la fuente al pago y aumentar la velocidad operativa. La plataforma de Coupa aprovecha una IA generada por la comunidad basada en un conjunto de datos de $6 billones para identificar oportunidades de ahorro y liberar fondos para el crecimiento.
RingCentral (NYSE: RNG)이 Coupa와 협력하여 지출 및 비즈니스 운영을 최적화했습니다. 10년 간의 수익 성장 후 RingCentral은 Coupa의 AI 기반 총 지출 관리 플랫폼을 사용하여 백오피스 운영을 현대화하려고 합니다. 이번 파트너십을 통해 다음과 같은 성과가 기대됩니다:
1. 소싱, 조달, 리스크 및 결제 전반에 걸친 프로세스 자동화
2. 현금 관리 및 지출에 대한 리스크 제어 및 거버넌스 개선
3. AI를 활용하여 더 스마트한 비즈니스 결정 지원
4. 연말까지 측정 가능한 비용 절감 달성
RingCentral의 CFO인 Sonalee Parekh는 이 플랫폼이 소싱에서 결제까지의 프로세스를 현대화하고 운영 속도를 높이는 능력을 강조했습니다. Coupa의 플랫폼은 $6조의 데이터 세트를 기반으로 한 커뮤니티 생성 AI를 활용하여 절약 기회를 확인하고 성장 자금을 확보합니다.
RingCentral (NYSE : RNG) s'est associé à Coupa pour optimiser ses dépenses et ses opérations commerciales. Après une décennie de croissance des revenus, RingCentral vise à moderniser ses opérations de back-office en utilisant la plateforme de gestion totale des dépenses basée sur l'IA de Coupa. On s'attend à ce que ce partenariat :
1. Automatise les processus d'approvisionnement, d'acquisition, de gestion des risques et de paiements
2. Contrôle le risque et améliore la gouvernance de la gestion de trésorerie et des dépenses
3. Utilise l'IA pour prendre des décisions commerciales plus intelligentes
4. Atteigne des économies de coûts mesurables d'ici la fin de l'année
Le CFO de RingCentral, Sonalee Parekh, a souligné la capacité de la plateforme à moderniser les processus de la source au paiement et à augmenter la vitesse opérationnelle. La plateforme de Coupa tire parti d'une IA générée par la communauté basée sur un ensemble de données de 6 trillions de dollars pour identifier les opportunités d'économie et libérer des fonds pour la croissance.
RingCentral (NYSE: RNG) hat sich mit Coupa zusammengetan, um seine Ausgaben und Geschäftsabläufe zu optimieren. Nach einem Jahrzehnt des Umsatzwachstums strebt RingCentral an, seine Back-Office-Prozesse mit der KI-gesteuerten Plattform für das gesamte Ausgabenmanagement von Coupa zu modernisieren. Es wird erwartet, dass die Partnerschaft:
1. Prozesse in den Bereichen Sourcing, Beschaffung, Risiko und Zahlungen automatisiert
2. Risiken kontrolliert und die Governance über das Cash-Management und die Ausgaben verbessert
3. KI nutzt, um intelligentere Unternehmensentscheidungen zu treffen
4. Messbare Kosteneinsparungen bis Ende des Jahres erzielt
Die CFO von RingCentral, Sonalee Parekh, hob die Fähigkeit der Plattform hervor, die Prozesse von der Quelle bis zur Zahlung zu modernisieren und die operationale Geschwindigkeit zu erhöhen. Die Plattform von Coupa nutzt eine von der Gemeinschaft generierte KI, die auf einem Datensatz von 6 Billionen Dollar basiert, um Einsparmöglichkeiten zu identifizieren und Mittel für Wachstum freizugeben.
- Partnership with Coupa expected to optimize spend and improve business operations
- Potential for measurable cost savings by the end of the year
- Modernization of source-to-pay processes leading to increased operational velocity
- Access to Coupa's AI-driven platform for smarter business decisions
- None.
Insights
RingCentral's partnership with Coupa represents a strategic move towards operational efficiency. By deploying Coupa's AI-driven total spend management platform, RingCentral aims to optimize its spend and streamline back-office operations. This is particularly significant given RingCentral's decade of revenue growth and ongoing business scaling.
The CFO's statement about achieving measurable cost savings by year-end is noteworthy. While specific figures aren't provided, this suggests a positive impact on RingCentral's bottom line in the short term. Long-term benefits could include improved cash management, risk control and data-driven decision-making, potentially enhancing RingCentral's competitive position and profitability.
Investors should monitor RingCentral's financial reports for concrete evidence of these cost savings and efficiency improvements in the coming quarters.
The partnership between RingCentral and Coupa showcases a synergistic application of AI technologies. RingCentral, known for its AI-driven communication solutions, is now leveraging Coupa's AI capabilities for spend management. This cross-pollination of AI expertise could lead to innovative solutions and potentially create new revenue streams.
Coupa's platform, built on a
The modernization of RingCentral's source-to-pay processes through Coupa's platform indicates a shift towards more agile and data-driven operations. This could enhance RingCentral's ability to adapt to market changes and maintain its growth trajectory in the rapidly evolving tech sector.
Coupa's AI-driven total spend management platform empowers RingCentral to optimize spend
After a decade of growing revenues, RingCentral was looking to modernize its back-office operations as its business continues to scale. RingCentral chose Coupa to automate processes across sourcing, procurement, risk, and payments. They selected Coupa for its breadth of functionalities and intuitive platform that delivers real-time data and analytics to help teams set performance benchmarks and improve productivity.
"Coupa's platform helps us control risk, improves governance over our cash management and spend, and uses AI to automate and drive smarter business decisions across our organization," said Sonalee Parekh, CFO of RingCentral. "With Coupa, we have been able to modernize our source-to-pay (S2P) processes. We're now operating at an incredible velocity, and as a result, we believe we can achieve measurable cost savings by the end of the year. We're proud to be a customer of Coupa and to also work with their team to power their business communications with our leading Unified Communications as a Service platform."
"Every CEO and CFO is dealing with mounting cost pressures, supplier risks, and data and technology complexities that are eating away at their margins. Coupa's leading total spend management platform and network of millions of suppliers allows you to bet on one software provider to eliminate margin erosion in your operations. We're grateful to partner with industry leaders like RingCentral to help them turn these pressures into opportunities," said Rich Slipec, Managing Director,
"Today's pace of change is unprecedented and outpacing human scale and traditional technology approaches. By leveraging Coupa's unique community-generated AI, built on a massive
To learn more about the Coupa platform, visit coupa.com.
To hear more stories from Coupa customers, visit coupa.com/customers.
About Coupa
Coupa makes margins multiply through its community-generated AI and industry leading total spend management platform for businesses large and small. Coupa AI is informed by trillions of dollars of direct and indirect spend data across a global network of 10M+ buyers and suppliers. We empower you with the ability to predict, prescribe, and automate smarter, more profitable business decisions to improve operating margins. Coupa is the margin multiplier company™. Learn more at coupa.com and follow us on LinkedIn and X (Twitter).
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SOURCE Coupa Software
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