The partnership enables customers to reduce risk, improve compliance, automate manual and inefficient tasks, and ultimately, deliver cost savings to the business.
Westpac will be transforming payables and purchasing through cloud-based procurement solutions for its customers. Coupa’s Business Spend Management platform has been deployed by over 750 organisations, including MGM Resorts International, Salesforce, and Unilever.
In addition, with more than USD 1.2 trillion of cumulative spend under management, Coupa is leveraging the wisdom of the BSM community along with artificial intelligence (AI) and machine learning to deliver real-time prescriptive insights and benchmarks to customers. As a result, smarter spend decisions can be made, including the potential to enhance the use of working capital through increased Days Payable Outstanding, real-time payments, and eInvoicing when the Australian and New Zealand Government’s electronic invoicing standards1 are adopted.
Westpac’s moves also anticipate the Government’s increased focus on digitising procurement and adoption of the Australian Supplier Payment Code helping corporates remain at the forefront of compliance and regulatory change.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.