Coupa/DataMap: 36% of businesses to upgrade spend management

According to business spend management (BSM) solution provider Coupa Software, 36% of businesses plan to upgrade their spend management platforms

​​​​​​​“Business Spend Management (BSM) isn't static — companies are constantly looking for new ways to improve processes, reduce complexity, and ensure accuracy,” says Lenny Lee, President at DataMap.

In the last two years, organisations have witnessed their BSM development go inot overdrive. Many find themselves in need of solutions where information can be accessed anytime and anywhere. 

In joint partnership, DataMap and Coupa Software will help businesses to ensure they are ready for the next wave of disruption. 

Adopting the best technology

According to Coupa Software, 36% of businesses plan to upgrade their spend management platforms in the next two years, with almost half having plans to enable digital invoice payments in the next three years.

The challenge however is finding roviders and solutions capable of addressing the new BSM and payments landscape without increasing the functions complexity. 

Both DataMap and Coupa Software offer solutions to help others to optimise their spend management and stay prepare for the every-changing business spend landscape.

Simplify the implementation processes

Integration: “Data can be daunting,” noted Lee. The volume and variety creates both opportunities and challenges when it comes to effectively leveraging data to drive value. “If not, they're left playing catch-up as the market passes them by.”

Harnessing the cloud can help companies to extract data insights and drive intelligent decision-making. Companies like DataMap and Coupa Software can help others to evolve their technology landscape without significant headaches, meaning they can easily share information and automate workflows.

Expansion: “Companies also need a way to expand on current efforts and keep pace with evolving market conditions,” highlighted Lee. As such organisations need to extend their current capabilities, while not creating additional effort or complexity. 

DataMap and Coupa Software provide their users with solution integrations that are simple and streamlined.

Agility: “Agility is the new efficiency,” says Lee. DataMap and Coupa Software offer solutions to help their customers not only shift quickly in response to events, but make sure that outcomes deliver increased value without creating additional complexities. 

To find out more, click here.


Featured Articles

Experts reveal factors contributing to staff turnover

With recent reports of increasing stress among procurement professionals leading to high staff turnover, Loopin experts give advice on curbing the tide

Public procurement and the protection of SMEs

Neville-Rolfe argues it’s time to give smaller companies a bigger slice of the procurement pie as global procurement transforms under various pressures

If AI is an ESG issue, will Procurement have to create it?

Environmental and Social Governance, undoubtably ethical issues, are now firmly placed within procurement's remit - But AI is an ESG issue...

Orozco, Diageo CPO to lead Procurement at Kraft-Heinz NA

Procurement Strategy

Eight steps to navigate the headwinds of cost inflation

Procurement Strategy

Government's Energy Support Scheme to end and create chaos

Procurement Strategy