Tuesday 10th November, 2020
Coupa Software has announced that American multinational retail corporation Walmart has selected 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.
“Today, we have multiple, complex procurement systems across our business. Coupa’s unique technology solution will help us optimise and harmonise 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 optimise 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 optimise 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 optimise 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.”