Coupa's AI-driven total spend management
platform empowers RingCentral to optimize spend
FOSTER
CITY, Calif., Aug. 8, 2024
/PRNewswire/ -- Coupa, the margin multiplier company, today
announced that RingCentral, Inc. (NYSE: RNG), a leading
provider of AI-driven cloud business communications, contact
center, video and hybrid event solutions, has deployed Coupa to
help optimize its spend and business operations.
After a decade of growing revenues, RingCentral was looking to
modernize its back-office operations as its business continues to
scale. RingCentral chose Coupa to automate processes across
sourcing, procurement, risk, and payments. They selected Coupa for
its breadth of functionalities and intuitive platform that delivers
real-time data and analytics to help teams set performance
benchmarks and improve productivity.
"Coupa's platform helps us control risk, improves governance
over our cash management and spend, and uses AI to automate and
drive smarter business decisions across our organization," said
Sonalee Parekh, CFO of RingCentral.
"With Coupa, we have been able to modernize our source-to-pay (S2P)
processes. We're now operating at an incredible velocity, and as a
result, we believe we can achieve measurable cost savings by the
end of the year. We're proud to be a customer of Coupa and to also
work with their team to power their business communications with
our leading Unified Communications as a Service platform."
"Every CEO and CFO is dealing with mounting cost pressures,
supplier risks, and data and technology complexities that are
eating away at their margins. Coupa's leading total spend
management platform and network of millions of suppliers allows you
to bet on one software provider to eliminate margin erosion in your
operations. We're grateful to partner with industry leaders like
RingCentral to help them turn these pressures into opportunities,"
said Rich Slipec, Managing Director,
Americas at Coupa.
"Today's pace of change is unprecedented and outpacing human
scale and traditional technology approaches. By leveraging Coupa's
unique community-generated AI, built on a massive $6 trillion dataset, RingCentral is able to find
opportunities to save and free up funds for growth that are
possible through Coupa's platform and data. We're proud to not only
have RingCentral as part of our global Coupa community, but also
delighted to be leveraging their leading communications platform
that's resulted in noticeable improvements in call quality and
availability of service for our team," continued Slipec.
To learn more about the Coupa platform, visit coupa.com.
To hear more stories from Coupa customers, visit
coupa.com/customers.
About Coupa
Coupa makes margins multiply through its
community-generated AI and industry leading total spend management
platform for businesses large and small. Coupa AI is informed by
trillions of dollars of direct and indirect spend data across a
global network of 10M+ buyers and suppliers. We empower you with
the ability to predict, prescribe, and automate smarter, more
profitable business decisions to improve operating margins. Coupa
is the margin multiplier company™. Learn more at coupa.com and
follow us on LinkedIn and X (Twitter).
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SOURCE Coupa Software