Case Study: CHS strengthens compliance and streamlines risk management with Coupa

CHS vets 100% of counterparties for compliance with Coupa

CHS, a multinational agribusiness cooperative, faced significant compliance challenges due to its diverse operations and a lack of centralized oversight. This complexity created unnecessary risks and made it difficult to manage fluctuating anti-money laundering (AML) and anti-bribery and corruption (ABAC) issues. To address this, CHS leveraged Coupa Software's platform to gain control and assure compliance with internal and external audits.

Coupa implemented a standardized and centralized system for CHS, which included supplier risk and performance management. This solution automated the daily screening of counterparties for AML compliance and streamlined the audit process. As a result, CHS achieved 100% vetting of counterparties for compliance, eliminated the need for annual manual certifications, and gained improved visibility to efficiently mitigate risk across its cooperative.

CHS