Case Study: Beach Energy achieves spend visibility and control with Coupa Software

Beach Energy reaches 85% spend digitization with Coupa

Beach Energy, an Australian oil and gas exploration company, faced a challenge after tripling in size in less than a year. Disparate systems and rapid growth led to a lack of spend visibility and control, which was further amplified by the COVID-19 pandemic and falling oil prices. The company turned to Coupa Software for a centralized procurement solution, including contract management.

Coupa implemented a centralized system that provided Beach Energy with new visibility and effective spend controls. This resulted in a 150% achievement of acquisition synergy targets, with 65% of spend now on-contract and 85% of spend digitized. The solution reduced waste, improved accountability, and allowed accounts payable to focus on value-added activities instead of manual invoicing.

Beach Energy