How Wintershall Dea is Reaping the Benefits of Coupa
A recent merger led Wintershall Dea, Europe's leading independent gas and oil company, to choose Coupa, known as the "margin multiplier," to support its global growth.
IT, procurement and finance are reaping the benefits of switching to one comprehensive, flexible spend management platform.
User-friendly spend management
Following the merger of Wintershall and Dea, the company needed a user-friendly spend management system that integrated seamlessly with its ERP and facilitated cross-border functionality.
Multiple procurement systems and tools used across regions led to costly IT maintenance and didn't provide the agility needed to keep pace with market changes.
The procurement and finance teams struggled to complete manual tasks, such as checking each purchase order request, confirming supplier compliance and approving invoices.
Coupa implemented a number of solutions for the company, including its sourcing, supplier risk and performance, contract management and procure-to-pay.
Simplified tech architecture and landscape
As a result, its value as a service saw:
- 213% increase in e-invoicing
- 61-hour reduction in approval cycle time
- 680% increase in punchout purchasing
Camiel Schijven, Wintershell Dea's CIO, says: "I'm very pleased with the Coupa solution that my team put in place because it has simplified our tech architecture and landscape."
Data across the organisation goes from one Coupa interface and flows directly into Wintershall Dea's main ERP, providing a harmonised operational database.
One platform for all global procurement and finance processes provides a flexible and scalable tech architecture for the company.
The increase in automated purchasing through catalogues and e-invoicing improves compliance and gives Wintershall Dea's procurement and finance teams more time for strategic initiatives for the business.
Coupa transforming companies across the world
Michael van Keulen, Chief Procurement Officer at Coupa, adds: "A recent merger led Wintershall Dea to choose Coupa Software to support its global growth. Always enjoy listening to a CIO that truly understands the importance of supporting the business, drive adoption, remove silos and apply technology to drive efficiencies."
Wintershall Dea is just the latest company that has been transformed thanks to Coupa.
The company spoke about its work to aid the San Francisco Giants, a Major League Baseball team.
The franchise has connected and automated processes across purchasing, supplier management, invoicing, expenses and payments. With Coupa's support, the Giants will reap the benefits of complete visibility and control over all spending in a single system and improve business efficiencies.
Brands across the globe have been able to unlock US$194bn in bottom-line savings, boosting their business growth thanks to Coupa. With its growing community of 10 million suppliers and US$6tn in economic spending, its community-generated AI helps make margins multiply.
Coupa, the margin multiplier company, has helped over 3,000 global customers achieve more than US$194bn in savings that could be reinvested to fuel business growth, with over US$12bn in bottom-line savings in 2024.
In one quarter of 2024, Coupa has seen over 300 global businesses initiate or expand their partnership with Coupa, including Abnormal Security, Sendas Distribuidora S/A, BayCare Clinic, Changan Ford, Grand America Resorts, Lexicon, Marshall Motor Group, Northern Illinois Food Bank, ORIC Pharmaceuticals and Paragonix Technologies.
Coupa has seen 20 customers among Gartner's newly released Global Supply Chain Top 25.
Explore the latest edition of Procurement Magazine and be part of the conversation at our global conference series, Procurement & Supply Chain LIVE.
Discover all our upcoming events and secure your tickets today.
Procurement Magazine is a BizClik brand
