|By Business Wire||
|October 8, 2013 02:00 AM EDT||
Coupa Software, the leading provider of cloud-based applications for finance, today announced that NEC Europe, a wholly owned subsidiary of NEC Corporation, has successfully rolled out Coupa to its EMEA offices, enabling the company to save time and support its cost optimization program through more effective use of purchase orders.
NEC wanted to further improve its purchase order process and maximize employee productivity with a simple-to-use solution that would drive user adoption, cut costs and provide manager oversight into the process. After a thorough review of other solutions on the market, NEC chose to invest in a Coupa cloud-based solution.
Since deployment at the end of Q1 2013, the company has achieved up to 65 percent compliance with the purchase order process, meaning that more than 60 percent by value of its SGA spend is subject to purchase order control. The initial rollout was completed in three months across 12 countries and is fully integrated with SAP.
“Coupa has made our purchase order process far more efficient and has given us a window into our spending that we never had before,” said Gavin Johnston, vice president, finance & procurement, EMEA, NEC. “Coupa’s cloud-based solution means our software is continually and seamlessly upgraded, and everyone using it experiences the same exceptional performance and access to features, such as Coupa analytics. Best of all, we anticipate substantial cost savings in our requisitioning over time as we target full compliance.”
“NEC needed an environment that provided flexibility and capacity to grow while meeting ever-changing business demands,” said Alex Kleiner, EMEA regional vice president, Coupa. “The results that NEC has achieved so far are great examples of Coupa’s intense focus on customer success. The company is realizing greater visibility into their spend, significant cost savings, in addition to business efficiencies, such as automating the process of translating languages and currency rates across 31 countries.”
Coupa’s solution has been quickly adopted and well received by users in NEC Europe’s purchasing departments. While the basic categories are in English, users use local language descriptions and create purchase orders in the local currency. Coupa’s solution translates the local currencies into Euros, enabling NEC to conduct spend analysis in a common currency.
Coupa's One Vision world tour takes place September 10-November 7, 2013. For more information on event locations and agendas, visit get.coupa.com/onevision.html.
About Coupa Software
Founded in 2006, Coupa Software is the leading provider of cloud-based spend optimization software. More than 300 customers in 40 countries use the Coupa suite of cloud applications to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a suite of true cloud applications for finance, including procurement, expense management and accounts payable that enables customers to launch the solution immediately and quickly realize significant savings. Learn more at: http://www.coupa.com or call +1 (650) 931-3200. Read more at our company blog, Making Cents, or follow @Coupa on Twitter.