Today Coupa Software, a leading provider of cloud-based spend management solutions, announced that major international oil and gas company, KMG Rompetrol, has selected Coupa to automate its procurement processes and increase efficiency across its operations.
Operating in a highly competitive global industry and with an expanding supplier and customer base, KMG Rompetrol required an agile solution that would not only allow its internal procurement activities to be automated, but also add value by providing insight into measurable key performance indicators (KPIs).
After a stringent evaluation of the marketplace, KMG Rompetrol chose Coupa’s S2P and analytics software, highlighting the mobility of the Coupa solution and intuitive user interface of the platform as important advantages.
“Coupa stood out to us immediately. Our suppliers are a vital part of our business and the fact that Coupa doesn’t charge them for collaboration on the platform was a key differentiator,” said Zamanbek Mirzayanov, global procurement director at KMG Rompetrol. “We wanted a solution that would allow us to streamline our procurement process completely, foster collaboration and allow us to focus our efforts on the more mission critical aspects of our business. It became clear very quickly why Coupa is recognised as an innovator and leader in the spend management space.”
In addition to KMG Rompetrol automating its financial processes with Coupa solutions, the oil and gas company also can provide employees with access to supplier information in even the most remote locations.
Headquartered in Bucharest, Romania, and a subsidiary of KazMunayGas, the state-owned oil and gas company of Kazakhstan, KMG Rompetrol is one of the most well-established oil companies in Europe. It has more than 7,000 employees in 12 countries with significant operations in the Black Sea and Mediterranean Sea.
Coupa EMEA General Manager Alex Kleiner emphasised that by selecting Coupa, KMG Rompetrol can make it easier for its employees to transact and collaborate with suppliers, laying the foundations for long-lasting successful relationships.
“In a fast-moving competitive industry, it’s absolutely crucial for organisations to have the correct technology in place allowing them to automate their procurement processes as efficiently as possible,” Kleiner said. “At Coupa, we understand the importance of measuring KPIs and ensure that our solutions are optimised to provide insight into business spend, all of which helps deliver clear and measurable value. KMG Rompetrol, is one of the most recognised oil and gas organisations in the world, and we’re excited to have them join the Coupa family.”