Coupa’s Procure-to-Pay Solution Selected by Jabil

Coupa’s Procure-to-Pay Solution Selected by Jabil
19.06.2017 02:15 pm

Coupa’s Procure-to-Pay Solution Selected by Jabil

Payments

Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, announced today that Jabil Inc. (NYSE: JBL) has chosen Coupa’s Procure-to-Pay (P2P) solution for Global Procurement Technology Optimisation across Asia, Europe and the Americas in what is an East-to-West deployment strategy.

Coupa’s industry leading cloud-based P2P solution will help Jabil improve visibility into its global indirect spend, make more informed procurement decisions, increase efficiency of its accounts payable processes, and create value that directly impacts its bottom line. Coupa’s P2P solution will enable Jabil to drive adoption and help secure these objectives by leveraging a consumer-like user experience combined with catalogues and contracts within a single unified B2B platform.

“After a very thorough evaluation of the marketplace, we have taken the strategic decision to team up with Coupa,” said Frank McKay, vice president, global procurement at Jabil. “We truly felt they were best positioned to help us achieve our vision for unified global spend management across our annual purchases of indirect goods and services, while leveraging a partner that is a recognised leader in this space.”

Born in the cloud, Coupa delivers a modern spend-management platform that accelerates business by unifying processes across all the ways employees spend money. These processes cover travel and expense management, procurement, invoicing, and related source-to-settle areas. Using the Coupa Open Business Network, the platform has connected more than 3 million suppliers and delivers a powerful solution for businesses committed to controlling their spend.

“With our Unified Cloud Platform for Business Spend, Jabil will be able to drive increased adoption across their employees and suppliers as well as capture spend-related transactions in one place that’s available anytime, anywhere from any device,” said Rob Bernshteyn, CEO, Coupa. “Jabil requires a comprehensive, open, user-centric, prescriptive, and accelerated approach to meeting the needs of their business, their employees, and their more than 25,000 global suppliers. We look forward to a long and successful relationship."

 

Related News

Contactless card PIN limits to increase temporarily to help reduce the risk of COVID-19 transmission

Australian Payments Network (AusPayNet), the self-regulatory body for the payments industry, confirmed today that the payment industry will be increasing the PIN limit for... Read more »

Mastercard enables higher contactless payments across Canada

 Mastercard announced it is enabling the increase of contactless payment limits across Canada, as people look... Read more »

Pannovate partners up with Salt Edge to deliver instant PSD2 compliance

Pannovate, UK’s leading payment and digital banking technology company, has partnered up with Salt Edge, leader in offering open banking and secure customer... Read more »

Xpring Now Supports Interledger STREAM

In December, we announced the launch of xpring.io, a developer site that includes a wallet, tools, services, and documentation... Read more »

COVID-19 Crisis Highlights Need for Real-Time and New Digital Payments Services Around the World, New ACI Worldwide Research Reveals

More than half a trillion real-time payments transactions will be processed over the next five years, according to Prime Time for Real-Time, a new global report from ... Read more »

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