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QNB Group selects Coupa to digitise Spend Management

Thursday 21st March, 2024

Coupa has announced that QNB Group, the largest financial institution in the Middle East and Africa, has selected Coupa to completely digitise the company’s procurement and finance operations.

“We’re honored to welcome QNB to our global community as our first customer in Qatar,” said Mark Riggs, Coupa Chief Customer Officer. “They join global leaders like Barclays, BMO, and DBS among our community of banking customers who trust Coupa to improve operational processes.”

The bank selected Coupa to unify the entire procurement lifecycle and automate processes for sourcing, procurement, contract and supplier management, risk, invoicing, and payments. The removal of manual and paper-based processes will elevate QNB to operating at scale. With Coupa’s unified AI-driven platform, QNB benefits from complete visibility and control over all spend in a single system. They can access real-time finance data instantly and make more informed decisions to improve working capital.

“QNB needed a well-established, trusted, and innovative technology partner to support this phase of our digital transformation. Coupa delivered on every expectation,” said Cory Thwaites, Senior Executive Vice President, Group Procurement at QNB. “Coupa’s platform is easy to use for our teams and our suppliers, and it’s completely customizable and adaptable. We’re impressed with Coupa’s track record of innovation and experience in the banking sector. Together with Coupa, we’re well equipped to drive our company’s spend transformation forward.”

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Avalara

Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, eCommerce and other financial management system providers, Avalara delivers cloudbased compliance solutions for various transactional taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Canada, the U.K., Belgium, Brazil, and India.