Supplier Risk & Performance
In the dynamic landscape of banking and investment, protecting the business from third-party risks, fraud, and fines is paramount. Coupa by LLamasoft offers a cutting-edge solution to address these challenges through autonomous risk detection. By leveraging artificial intelligence (AI), organizations can automatically detect and surface insights at the point of decision-making, ensuring proactive risk management. With the ability to monitor supplier risks and fraudulent activities across multiple tiers and domains in various branches and regions, Coupa's solution safeguards assets and operations, providing a robust defense mechanism against potential threats.
Procure-to-Pay
Managing business spend efficiently is essential for banking and investment institutions to optimize operations and drive growth. Coupa's Procure-to-Pay solution empowers organizations with a comprehensive view of their spending patterns across different branches and regions. By utilizing key performance indicators (KPIs), businesses can identify bottlenecks and opportunities for cost savings. The platform streamlines the procurement process with automated intake orchestration, making buying and tracking approvals a seamless and efficient process. Coupa's leading P2P platform equips employees with the necessary tools to make informed purchasing decisions, ultimately enhancing operational effectiveness.
AP Automation
Staying compliant with regulatory requirements is crucial for banking and investment institutions to uphold their reputation and integrity. Coupa's AP Automation solution enables organizations to build a technology-driven accounts payable (AP) department that ensures automated compliance across all transactions. Features like touchless invoice matching, built-in tax compliance, and digital payments drive operational efficiencies while reducing risks associated with manual processes. By embracing digital transformation in their AP functions, businesses can streamline operations, enhance accuracy, and improve overall financial management.