Unified Spend Management Processes: Guide employees through the buying process by alerting them to discounted pricing via seamless connection to contracts, multiple options for electronic invoicing, real-time supplier risk alerts, immediate analysis of spend, and much more. We set a target that by 2025 we want 12.5% of our spend going through measurable, diverse, and inclusive suppliers and, thanks to our data, we are already over halfway to achieving this goal, helping us to drive real impact." We now use our data to ensure better visibility into who we're doing business with, which we've linked to our sourcing strategy. "The results so far have been impressive. "One of our objectives while shaping the procurement organization at Kantar has been to build on the use of data to guide our procurement and sourcing strategies, which ultimately lead to our selection of Coupa," said Stephen Day, Chief Procurement Officer for Kantar. With that transition, the business needed to build out its own standalone procurement organization to deliver greater value to the business. In 2019, Bain Capital purchased a majority stake in Kantar from WPP. Kantar is the world's leading data, insights, and consulting company providing insights and actionable recommendations to clients worldwide.
And with the real-time insights from nearly $4 trillion in aggregated business spend, our customers are empowered with community-driven prescriptions that accelerate their success," Hammoud said. "Coupa's BSM Platform brings together powerful technologies to connect teams and deliver new levels of performance and purpose. They also have to ensure compliance, and reduce risk and fraud." "With mounting economic volatility, it's more critical than ever for companies to have visibility and control of every dollar they spend. We believe this is a huge validation of the customer-focused innovations we've co-created with our Business Spend Management (BSM) community," said Raja Hammoud, Executive Vice President of Products at Coupa. "It's an immense honor to be continuously recognized by Gartner in Procure-to-Pay (P2P) Suites. The report evaluated 16 procurement management vendors across 15 types of evaluation criteria and positioned Coupa in the Leaders quadrant and placed it furthest for Completeness of Vision and highest on Ability to Execute. Coupa Software (PRNewsfoto/Coupa Software)
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