Spend management platform Coupa has announced that RingCentral has successfully implemented Coupa's platform to optimize its spending and streamline business operations.
Following a decade of robust revenue growth, RingCentral sought to modernize its back-office functions to support its expanding business. The company selected Coupa to automate various processes, including sourcing, procurement, risk management, and payments.
"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," said Sonalee Parekh, CFO of RingCentral.
Coupa was chosen for its comprehensive features and user-friendly platform, which provides real-time data and analytics to help teams set performance benchmarks and enhance productivity.
"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.
This move follows RingCentral's recent platform enhancements, aiming to revolutionize the way enterprises craft workflows.
