Case Study: Vanquis achieves $23M in savings with Coupa

Vanquis achieves 99% PO-backed invoicing with Coupa

Vanquis, a UK-based provider of credit cards and loans, faced a challenge with inefficient and fragmented financial processes. With only 25% of purchases being purchase order-backed due to each division using its own methods, and accounts payable spending excessive time manually verifying invoices, the company needed an upgrade. They partnered with Coupa Software to implement a unified procure-to-pay platform to gain spending control and ensure regulatory compliance during their ERP upgrade.

The solution from Coupa, implemented with partner Barkers, standardized procurement across all divisions, leading to nearly 70% user adoption in one year. This resulted in 99% of invoices becoming PO-backed, giving Vanquis greater spend control. The automation of tax coding and a 500% increase in digital invoicing freed the AP team for more strategic work. Ultimately, Vanquis achieved $23 million in savings within five years using Coupa.

Vanquis