How Coupa will Reduce Supplier Risk for Snyk
Coupa, the margin multiplier company, has announced that Snyk, a developer security, deployed Coupa's AI-driven total spend management platform to automate and enhance processes across procure-to-pay and supplier risk and management.
Snyk: the leader in developer security
Ken MacAskill, Chief Financial Officer, Snyk stated: "Snyk is proud to partner with forward-thinking innovators like Coupa to equip our global teams with the data-driven insights they need to help fuel our continued growth at scale."
"We've directly benefited from Coupa's unmatched community-generated AI to make more strategic spend decisions across our business."
Snyk is the leader in developer security, empowering the world's developers to build secure applications and equip security teams to meet the demands of the digital world. Its developer-first approach ensures organisations can secure all the critical components of their applications from code to cloud, leading to increased developer productivity, revenue growth, customer satisfaction, cost savings and an overall improved security posture.
Snyk's Developer Security Platform automatically integrates with a developer's workflow and is purpose-built for security teams to collaborate with their development teams. Snyk is used by 3,000+ customers worldwide today, including industry leaders such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut and Salesforce.
A network of millions of suppliers
Coupa's community-generated AI is built on more than 15 years and US$7tn of spend data from a network of millions of suppliers and buyers in the Coupa community.
Coupa surfaces AI-driven insights and actions from this dataset to equip customers with real-time knowledge based on real-time transactions.
Since deploying Coupa, Snyk has revolutionised its procure-to-pay processes, cutting turnaround times in half and achieving global adoption.
With a comprehensive view of all their spend, coupled with Coupa's community-generated AI, Snyk is making more strategic spend decisions and stopping fraudulent transactions before they happen.
With total control over their operations, Snyk's procurement and finance teams can act with greater confidence and agility and are seeing direct benefits to their bottom line and margin.
Less time on manual procurement processes
John Frank, Chief Customer Officer at Coupa, adds: "We see the undeniable value of implementing AI into our customers' business operations to automate and scale more profitable decision-making, while improving the user experience of employees and customers alike."
"Snyk is trusted by millions of developers that build the applications we love and use each day. And by trusting Coupa and our ethical AI, Snyk is able to spend less time on manual procurement processes and more time on what matters – helping secure our collective digital future."
As the organisation continues to grow and scale, Snyk also plans to implement Coupa Pay to automate and streamline additional finance processes.
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