Walmart Partners With Coupa to Enhance Business Spend Management
- by Chandler James
SAN MATEO, CA - Sometimes it's worth rethinking your central operations in order to continue growing a business. Walmart recently took a closer look at its source-to-pay process and ultimately decided to make a change. Expanding its partnership with Coupa Software, a leader in Business Spend Management (BSM), the retailer hopes to enhance visibility into its global spend, create better efficiencies across its business, and drive incremental savings in the company's end-to-end procurement process.
"Today, we have multiple, complex procurement systems across our business. Coupa's unique technology solution will help us optimize and harmonize our source-to-pay processes, providing cost savings, a simplified system and greater ease of use," said DK Singh, Chief Procurement Officer at Walmart.
Walmart selected Coupa to leverage its modern and comprehensive platform, industry-leading source-to-pay and contracting solutions, and like- minded focus on delivering the best value to its customers. The retailer currently uses Coupa to optimize the sourcing of significant third-party spend in North America, according to a press release.
The two will now embark on a phased rollout to expand adoption of the Coupa BSM Platform with procurement and advanced management solutions. This will help Walmart to not only optimize spend for highly complex sourcing events and categories, but also drive incremental savings through spend efficiencies.
"We are thrilled to be selected as Walmart's Business Spend Management provider to help optimize performance, visibility and control, and value across their spend and contracting processes," said Rob Bernshteyn, Chairman and CEO at Coupa. "We look forward to bringing the same cost-conscious mindset to their business spend activities that they employ through their omni-channel, everyday low price approach to serving millions of customers each week."
How will this strategic move continue to drive growth for Walmart? Stay tuned as ANUK reports.