Coupa Software, a leader in Business Spend Management (BSM), has announced that it was selected to digitally transform top German automaker BMW Group’s business spend management. In the coming months, Coupa will deploy its BSM platform globally across BMW Group to help harmonise and optimise the automaker’s purchasing processes and increase efficiency and effectiveness across all products.
Coupa will replace a custom-built solution with its BSM platform to deliver a simpler, consumer-like experience that will enable BMW Group’s finance and procurement team to be more agile and focus time on more strategic spend initiatives.
“Coupa has a long history of helping companies of all sizes and industries transform their spend management to maximise their process efficiencies and savings, and at the same time, leverage the power of the community to spend smarter,” said Rob Bernshteyn, Chairman and CEO at Coupa. “Coupa offered BMW Group a best-in-class, user-centric platform that would gain maximum adoption across the company. We are thrilled to welcome such an iconic and admired brand to our growing community and look forward to helping it deliver measurable business value.”
In early testing with the automaker, the Coupa BSM Platform demonstrated its focus on user-centricity and its ability to optimise spend for highly complex sourcing events and categories. When adopted at-scale, the platform could have the potential to impact billions of dollars of business spend.