Procure-to-Pay
Coupa by LLamasoft offers a comprehensive Procure-to-Pay solution for the life sciences industry, helping streamline lab ordering processes to reduce R&D bottlenecks. Their user-friendly and automated buying workflow enables doctors, lab workers, and scientists to quickly order on-contract goods, thus avoiding delays. With simplified approval chains, digital invoicing, and streamlined payment processes, finance teams can efficiently manage budgets and drive savings.
Supply Chain Design & Planning
In the realm of Supply Chain Design & Planning, Coupa by LLamasoft empowers life sciences companies to optimize their supply chains through powerful modeling tools. Leveraging AI-driven technology, organizations can make informed sourcing and supply chain decisions by testing various scenarios based on risks, costs, and expiry dates. This proactive approach allows businesses to anticipate and plan for unforeseen events, such as ingredient shortages or blocked ports, ensuring that operations remain uninterrupted.
Supplier Risk & Performance
With the Supplier Risk & Performance solution, Coupa by LLamasoft helps life sciences enterprises protect their business by offering autonomous risk detection capabilities. The platform automatically surfaces insights during decision-making processes to mitigate third-party risks, fraud, and potential fines. By monitoring third parties for fraud and corruption while maintaining real-time ledgers of approvals and orders, organizations can ensure compliance with regulations such as SOX and Sunshine Acts.
Total Spend Management Platform
Coupa's Total Spend Management platform revolutionizes how life sciences companies manage both direct and indirect spend. By harnessing the power of $6 trillion in real-world AI spend data, this industry-leading platform enhances efficiencies and productivity, unlocking significant savings that fuel profitable growth. The platform provides strategic insights and KPI benchmarks based on Coupa community performance worldwide, showcasing the tangible benefits of implementing Coupa by LLamasoft within the life sciences sector.