Case Study: Theravance Biopharma achieves 100% compliance and $3.1M savings with Coupa Automated AP

Theravance Biopharma saves $3.1M in 6 months with Coupa

Theravance Biopharma, a biopharmaceutical company, faced challenges scaling its paper-based and time-intensive accounts payable and invoicing processes. These manual procedures could not keep pace with the company's growth and its need for rigorous compliance reporting required by regulations like the Sunshine Act, all without adding burden to its IT team.

Coupa Software implemented its AP automation solution, which streamlined invoice processing and provided real-time reporting for compliance. The solution delivered significant results, including a 73% reduction in the invoice approval lifecycle and an estimated $3.1 million in employee time savings over six months. Coupa also enabled Theravance Biopharma to achieve 100% compliance with spending regulations.

Theravance Biopharma