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."