Case Study: ION Geophysical gains treasury visibility and saves time with Coupa Treasury

ION Geophysical saves 50% of time with Coupa Treasury

ION Geophysical, a provider of equipment and software to the oil and gas industry, faced challenges due to an outdated and fragmented treasury system. This highly decentralized organization struggled with tedious, time-consuming cash reporting and lacked a single source for accurate and timely data, which hampered efficiency and compliance. To address this, they turned to Coupa Software and implemented their Coupa Treasury Management solution.

By implementing Coupa's solution, including Coupa Swift MT940 Reporting, ION Geophysical digitized its processes, replacing multiple hard-to-track bank websites with one centralized source. This transformation, completed on budget and on schedule, resulted in significant time savings of 50% through automation and provided 100% ease of use across the group. According to Coupa Software, the treasury team is now able to concentrate on more value-adding ventures instead of manual reporting.

ION Geophysical