networking events - sigsig.org/docs2/sig coupa 672016 webinar.pdf(cxml, edi, csv) paper step 2:...
TRANSCRIPT
The SIG Webinar will begin shortly.
Once the webinar begins, the sound will come from your computer
speakers.
In the meantime, please take a look at the upcoming SIG networking events listed on the right side of your screen
and plan to join us if you are in one of these cities this fall.
NETWORKING EVENTS
GLOBAL SUMMITSOct 18-20 – Carlsbad, CA
SYMPOSIUMSSep 13 – SF Bay Area, CA
Sep 29 – New York, NYOct 4 – Toronto, CAN
REGIONAL ROUNDTABLESSep 27 – Cincinnati, OHNov 3 – Pittsburgh, PA
Nov 9 – London, UK
For more information and to register for all SIG events:
www.sig.org
RECENT POSTINGS
The SIG Career Network is
bursting with opportunities.
New jobs are posted daily by some
of the best known global companies in the world for those
seeking careers in sourcing, outsourcing, procurement and
related functions.
For more information go to: www.sig.org/career-center.php
NEW to the Career Network!
• Whirlpool – posted June 3:• Strategic Sourcing Specialist – Cooling
• Strategic Sourcing Specialist – Heating
• Senior Sourcing Specialist – Delivery
• Senior Sourcing Specialist - Indirect
• FedEx – posted June 3:• Sourcing Advisor
• Gap, Inc. – posted June 2:• Category Manager I – Marketing
• Category Manager I – Merchandise
• Category Manager I – Software
• Category Manager II – Outsourcing
• Category Manager II – Packaging
• Category Manager II - Digital Sourcing
• Guidewell/Florida Blue – posted June 1:• Sourcing Specialist – Delivery
• Sourcing Specialist - BPO
• Ross Stores – posted May 19:• Senior Analyst, Strategic Sourcing
special member
benefits
• 6 months of free buy-side
access to the Vendor
Evaluation & Assessment Tool (NEAT)
• 2 free Market Intelligence
Reports
• 15% discount on direct
hire placement fees
For more information, go to: http://sig.org/member-discounts
• $20,000 discount on Enlighta
Govern or Risk pilot
• 5 relationship assessment
surveys
• 20% discount on assessment
or implementation services
• 20% discount on research
reports on Chinese cities,
technology parks, providers
and advisory services
• 50% discount off fees
associated with GSOS
Health Check
• 10% discount on all
annual subscriptions
• Complimentary 1-hour
consulting session
• SkillsVillage membership
and software test drives
bit.ly/SIGLinkedIn @SIGinsights bit.ly/SIGfacebookbit.ly/SIGYouTube
Join the discussion in SIG’s Peer2Peer Resource program too!
Stay connected with other SIG members through various social media channels
SOCIAL MEDIA
bit.ly/SIGBlog
New Topic Each Week8:00 am PST
11:00 am EST
4:00 pm GMT
5:00 pm CET
Upcoming Free SIG Webinars:
June 15, 2016 Outsource Talks – Episode 4Presented by Outsource Magazine
June 21, 2016 Recent Trends in Smart ComputingPresented by Alsbridge
June 23, 2016 Show Me the Synergies: The S2P Suite StoryPresented by Zycus
June 30, 2016 Solution Deep Dive: Analytics – Identify Opportunities and Eliminate BottlenecksPresented by Coupa Software
For more information and to register for all SIG events:
www.sig.org
Upcoming Town Hall Teleconference:
June 8th
Defining and Elevating Vendor Value
Presented by:
Susan DaCostaFidelity Investments
Vice President, Supplier Management
Calendar of Town Hall Teleconferences
Taking place at 1:00 pm Eastern on the
following dates:
February 10 August 10
March 9 September 14 May 11 October 12June 8 November 9July 13 December 14
For more information and to register for all SIG events:
www.sig.org
SIG Town Hall Teleconferences
bring a small group of buy-side ONLY attendees together for a facilitated
discussion on top-of-mind issues in an open-mic, private conversation. Town Hall Teleconferences are NOT recorded.
Upcoming SIG Events:
15 Jun – New York, NY*
10-11 Aug – Mooresville, NC13 Sep – San Francisco Bay Area27 Sep – Cincinnati, OH29 Sep – New York, NY 4 Oct – Toronto, CAN3 Nov – Pittsburgh, PA9 Nov – London, UK
Upcoming SIG/Outsource/Partner Events:
4-5 Oct – Zurich, CH – GBS Roadmap Series
15-16 Nov – Copenhagen, DK – GBS Roadmap Series
17-18 Nov – London, UK – Challenge the Future Awards
For more information and to register for all SIG events:
www.sig.org
Regional Events provide education and local networking for members and invited non-member corporate users. Events vary in terms of length, topics, etc.
For more information, visit the SIG website
SIG Global Summits are semi-
annual events with 350-450
decision-makers in attendance
• Non-commercialized
• Hundreds of industry thought
leaders
• 68% buy-side
• 4-5 keynote sessions
• Global brands
• 3 days of networking
• CPO Roundtables
• Over 50 breakout sessions
67% of delegates are director level or above, of which 43% are VP/C-level
Recent speakers include:
For more information go to: www.siguniversity.org
Online learning environment with multiple eLearning options: Virtual Classroom, Self-Paced and Custom Solutions
Sourcing and Governance certifications with Professional and Executive level courses
Modules with lessons, formative assessments, summative testing and final proctored exam
Certification good for 5 years
Early enrollment options that can save you up to 25%
Certified Sourcing Professional starting June 27, 2016!
Certified Governance Professional starting July 25, 2016!
For more information go to: sig.org/student-outreach.php
Partnering with Universities
Introducing students to seasoned supply chain executives
Sharing thought leadership with students in class, SIG University courses and at SIG events
Giving access to internship and job postings on the SIG Career Network
Allowing students to get real world insight into supply chain careers
Finding tomorrow's supply chain professionals today
AP/Invoice Automation
and
Supplier Information
Management
June 7th, 2016
COUPA ALLOWS YOU TO
START ANYWHERE, GO EVERYWHERE
AP INVOICE AUTOMATION
Easily get all your suppliers to invoice you
electronically – PO & non-PO backed invoices.
Manage cash flow including taking advantage
of early payment discounts.
OPEN BUSINESS NETWORK
Collaborate with all your suppliers instantly and
without supplier fees or complicated
registration processes.
Over 2 million unique suppliers have done
business through Coupa to date.
SUPPLIER INFO MANAGEMENT
Seamlessly collect the information you need to
do business with your suppliers.
Configure invoice blocking if a supplier profile
is expired or not completed.
DESIGNED FROM DAY 1 TO BE
100% MOBILE – ANY DEVICE
©2016 Coupa Software, Inc - Confidential
EMPLOYEES AND SUPPLIERS
DECIDE WHAT WORKS BEST FOR THEM.
DEVICE EMAIL NATIVE APP
USE THE DEVICE OF
YOUR CHOICE!
Built for mobile since day 1 for
industry leading usability.
COUPA ACTIONABLE
NOTIFICATIONS
for specific actions:
Approve, Invoice, Comment.
NATIVE IOS & ANDROID APPS
perfect for end users that prefer
an app experience.
COUPA BENCHMARK DATAOver 70% of Coupa approvals are done directly via email and mobile device.
AP INVOICE AUTOMATION
CHALLENGES WITH LEGACY
INVOICE PROCESSING
©2016 Coupa Software, Inc - Confidential
“52% OF AP LEADERS RATE MIGRATING OFF
PAPER-BASED PROCESSES AS THEIR TOP
PRIORITY”
- ARDENT PARTNERS
COUPA LOOKS AT THE INVOICE
PROBLEM DIFFERENTLY
OTHERS
• Reduce paper?
• Supplier collaboration?
• Easy 3-way match?
• 1-click invoice?
• Pre-approve spend?
• Reduce fraud?
• Early pay discounting?
Legacy: “Just process the paper”
(‘OCR’ + workflow + human touch)
Modern: “Eliminate all paper”
(fully electronic & touchless)
©2016 Coupa Software, Inc - Confidential
AP DEPARTMENTS ARE
SUCCESSFUL WITH COUPA
• Processing 300% more invoices
with only 10% AP team growth
• Grew from 3,000 employees to
12,000 employees
• Saved $336,000 per year on invoice
processing
• More vendor discounts due to shorter
approval cycles
• Saved $400,000 per year on invoice
processing
• Reduced invoice approval cycle time
from 72 hours to 8 hours
• Processing 1.4M invoices per
year
• 95% of suppliers are small and
medium businesses
©2016 Coupa Software, Inc - Confidential
HOW DOES COUPA HELP
AP BE SUCCESSFUL?
©2016 Coupa Software, Inc - Confidential
STEP 1: DECREASE PAPER INVOICES
TOP TIER SUPPLIERS
ARE NOT DRIVING AP COSTS
©2016 Coupa Software, Inc - Confidential
The majority of your invoices will come from the mass of small,non-preferred suppliers that you use infrequently
Preferred suppliers
Non-preferred
The majority of
suppliers
are non-preferred
Only 20% of spend
accounted for by
them
But they account for
80% of invoice costs
PORTAL-BASED APPROACHES
JUST REACH TOP TIER SUPPLIERS
©2016 Coupa Software, Inc - Confidential
Using a portal-based approaches requires long supplier enablement
times, lengthy contracts that must be signed and/or high supplier fees.
PREFERRED SUPPLIERS
Strongest relationships
Adopt forced networks
Pass along supplier fees
NON-PREFERRED SUPPLIERS
Weaker relationships
Resist forced networks/portals
ROI doesn’t justify 100%
SUPPLIER PORTAL
COUPA OPEN BUSINESS NETWORK HAS
DAY 1 OPTIONS FOR ALL YOUR SUPPLIERS
©2016 Coupa Software, Inc - Confidential
SUPPLIER
ACTIONABLE
NOTIFICATIONS
PORTAL AP
INBOXDIRECT
CONNECTION
(cXML, EDI, CSV)
PAPER
STEP 2: INCREASE TOUCHLESS
PROCESSING
AUTOMATED
VALIDATION
MULTI-LEVEL VALIDATION
FOR FULL AP AUTOMATION
©2016 Coupa Software, Inc - Confidential
APPROVAL WORKFLOWS KICK OFF AUTOMATICALLY FOR AP TOUCHLESS PROCESSING.
COUPA BENCHMARK DATA
LESS THAN 48 HOURSTIME ACROSS ALL COUPA CUSTOMERS
(AVERAGE INVOICE APPROVAL CYCLE)
LEVEL 1
BASE AUTHORIZATION
REQUIRED FIELDS• Invoice number
• Invoice date
• More…
LEVEL 2
DATA VALIDATION• Valid PO Number
• Invoice # not duplicate
• Item Price Correct
• Valid tax rate / code selected
• More...
LEVEL 2
DATA VALIDATION• Valid PO Number
• Invoice # not duplicate
• Item Price Correct
• Valid tax rate / code selected
• More...
LEVEL 3MATCHING• PO and contract match, GL
match
• Receipt match
MATCHING• PO and contract match, GL
match
• Receipt match
LEVEL 3
TOLERANCES• Supplier entered
• Employee entered
• Non PO backed
• PO backed
LEVEL 4
COMPARING AP WORKLOADS
©2016 Coupa Software, Inc - Confidential
Enabled &
AP Touchless
Enabled &
AP Touchless
Not Enabled,
Not AP Touchless
$$$$
Not Enabled,
Not AP Touchless
$$
NETWORK
ONLY
ONCE YOU ELIMINATE YOUR PAPER
YOU CAN OPTIMIZE YOUR CASH
Pre-Negotiated and
Dynamic Discounts
• Manage pre-negotiated discount terms
and dynamic discount terms in the same
easy to use Coupa Invoicing platform.
• 2/10 net 30 is a 36% APR. • If you have cash on hand or borrowing
power, offer early pay discounts to your
suppliers.
Savings Opportunity
Work Queues
• Traditional First In, First Out invoice
processing doesn’t maximize savings
• Use Coupa to automatically create AP
queues based on savings opportunity.
• Work on invoices with the biggest
financial gain first!
DISCOUNT SUCCESS REQUIRES MAXIMUM SUPPLIER PARTICIPATION
• Top tier suppliers generally don’t take discounts offered at the time of invoicing so the key to dynamic discount management success is to e-invoice with as many small to medium suppliers as possible.
• Coupa drives maximum electronic invoices to the largest number of suppliers.
©2016 Coupa Software, Inc - Confidential
SUPPLIER INFORMATION MANAGEMENT
©2016 Coupa Software, Inc. - Confidential
LEGACY SUPPLIER INFORMATION
MANAGEMENT – THE PROBLEM
ESCALATIONS
LATE FEES
ERRORS
DISRUPTED
RELATIONSHIPS
INFORMATION
REQUESTS
IGNORED
Legacy Buyer Supplier Transaction Cycles
Legacy Supplier Information Management
©2016 Coupa Software, Inc. - Confidential
COUPA SUPPLIER INFORMATION
MANAGEMENT – UNIQUE INNOVATIONS
Supplier Information Management
Coupa Buyer Supplier Transaction Cycles
Warn or Block on
Invoice Submission
Right Time
Participation
Invite By Email and
Portal Notifications
Coupa Supplier Information Management
©2016 Coupa Software, Inc. - Confidential
COUPA SUPPLIER INFORMATION
MANAGEMENT DELIVERS VALUE
IMPROVE SUPPLIER
RELATIONSHIPS
• Self Service that
Works
• Request and
Update Workflows
• Avoid Disruptions
REGULATORY AND
COMPANY COMPLIANCE
• Accurate, Timely
Information
• Global, Regional, or
Segment Variations
• Tax Info, Certifications
REDUCE WORKLOAD
FOR AP
• Avoid Chasing Suppliers
• Self-Manage
Configurations
• Automated alerts and full
supplier dashboards
COUPA HIGH LEVEL
SIM PROCESS
©2016 Coupa Software, Inc - Confidential
SIM allows you to request,
approve and maintain
information about suppliers
Supplier Info Requested
Request Approval
Supplier Notification
Supplier Info Entry
Supplier Info Approval
Integration to/from ERPSIM
DEMONSTRATION
QUESTIONS