how coupa contracts can increase compliance
TRANSCRIPT
HOW COUPA CONTRACTS CAN INCREASE COMPLIANCE
INTRODUCTIONS
Hyrum Kirton VP Procurement
Elliot Beaudoin Director of Product
Management
3
ISSUES
DECENTRALIZED DISCONNECTED UNREALIZED
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4
COUPA CONTRACTS OVERVIEW
©2015 Coupa Software, Inc - Confidential
REGIONAL LONG TERM AND POST ACUTE HEALTH CARE PROVIDER COVERING 8 STATES
©2015 Coupa Software, Inc - Confidential
300 ACTIVE CONTRACTS PUT IN COUPA FOR AVALON
► Track Savings for new and existing Contracts procurement has touched ► Authorize recurring service expenses for AP to know vendor is valid ► Control Content for users ► Set Pricing limits for suppliers
©2015 Coupa Software, Inc - Confidential
Accounts Payable Authorization
► Process has shown to save time validating recurring services ► Reduced occurrences of improperly paid invoices (fraud) ► Kept Procurement aware of any services that were initiated unauthorized ► AP does not have to keep lists and labor does not need to be individually
trained for authorized list ► Reduces time spent approving invoices for Utilities etc.
©2015 Coupa Software, Inc - Confidential
Content Control
► All internal hosted and punch-out catalog’s and items are assigned a contract. ► Allows granular control over who sees what and automatically expires old
outdated items. ► Invaluable for managing complex contracts. Our food contracts are updated
and expired weekly. ► Bulk remove or add whole catalogs to individual users. ► Old system was a manual item by item removal and add system via Excel that
took a lot more time.
©2015 Coupa Software, Inc - Confidential
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