Coupa Software White Paper Sample

The benefits of e-procurement software have been well documented. In the 20 years since these solutions first entered the market, studies have shown, time and time again, that e-procurement systems not only yield a high return on investment, they’re also a necessity for good corporate governance.

A 2006 Aberdeen Research survey of 170 companies showed that companies using e-procurement software:

• Increased their spend under management by 38%
• Reduced their requisition order cycles by 84%
• Reduced their requisition to order costs by 59%
• Reduced maverick spending by 40%

Procurement solutions have done an excellent job of streamlining processes, improving control, and generating cost savings.

A new generation of solutions has led to a surge in demand for e-procurement software, particularly among small and mid-sized companies that were previously priced out of the market. These solutions, built using Web 2.0 technologies, have eliminated much of the complexity of traditional e-procurement solutions. They’re also much easier to use and require less training. Some of these new solutions are also offered on demand, which has enabled companies to deploy their purchasing systems in a fraction of time, and maintain them at a fraction of the cost of traditional solutions.