Case Study: Woodward gains spend visibility and compliance with Coupa

WoodWard saves $7.6M in one year with Coupa

Woodward Inc., a manufacturer of control systems for aircraft and heavy engines, faced a lack of control and visibility into its spend. The company was using multiple outdated ERP systems that were cumbersome, difficult to navigate, and fragmented its data. This challenge led to limited spend visibility, especially for credit card purchases or expenditures in different systems. To address this, Woodward turned to the Coupa platform.

By implementing Coupa, Woodward replaced its old ERPs with a single, streamlined system. The solution provided immediate visibility into all purchasing data and drove successful user adoption through its intuitive functionality. As a result, Woodward achieved 86% electronic invoicing, rejected over $255,000 in unnecessary spend, and saved more than $7.6 million in the first year alone. Coupa also ensured full policy compliance, making the company's auditors very happy.

WoodWard