Case Study: Sonoco achieves complete procurement and AP visibility with Coupa

Sonoco achieves 100% visibility into indirect spend with Coupa

Sonoco, the world’s largest producer of composite cans and tubes, faced significant challenges with procurement visibility. Its purchase order process using virtual cards provided poor spend control, suppliers were reusing card numbers improperly, and transaction reconciliation was manual and time-consuming. To address these issues, Sonoco turned to Coupa for a procure-to-pay solution.

Coupa implemented a solution that transitioned Sonoco to a card-on-invoice model. This provided 100% visibility into indirect spend and enabled faster supplier payments through invoice matching. The results were significant, including effectively managing over 1,500 suppliers, eliminating one-time supplier onboarding, and automating over 90% of virtual card transactions through Coupa Pay. Sonoco reported substantial dollar savings as a direct result of working with Coupa.

Sonoco