KMG Rompetrol selects Coupa to digitise business spend

KMG Rompetrol selects Coupa to digitise business spend
23.03.2017 05:45 am

KMG Rompetrol selects Coupa to digitise business spend

Cloud , Infrastructure

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.”  

Related News

Couchbase Announces $105 Million Equity Investment Led by GPI Capital

Couchbase, the creator of the enterprise-class, multicloud to edge NoSQL database, today announced that it has... Read more »

Finastra announces Fusion Credit Connect solution on Salesforce AppExchange and

Finastra today announced the launch of its Fusion Credit Connect solution on Salesforce AppExchange and Finastra’s ... Read more »

8x8 selects GoCardless to manage recurring payments across its growing global business

GoCardless, the leading fintech for recurring payments announces that ... Read more »

Proteus launches new technology after successful trials with free offer during COVID-19 crisis

A new digital platform, that is set to revolutionise business operating models and boost profits, has been launched today, after a successful Beta trial with a dozen companies... Read more »

Arcserve and Sophos Deepen Alliance to Unveil Fully Integrated Cyber and Data Protection for On-Premises, Cloud, and SaaS Workloads

Arcserve, LLC, the world’s most experienced data and ransomware protection provider, today... Read more »

Paymentology introduces new card scoring model

Cloud based payment processor Paymentology has launched its new Instream Fraud Scoring model which aims to improve the identification and blocking of... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel