Coupa’s Platform Helps Scale AI Deliver ‘Amazing’ Growth
Scale AI is seeing remarkable growth after working with technology experts Coupa – including US$500k in savings and 50% faster PO to payment processing time.
The San Francisco business, which helps enterprises and government agencies build infrastructure to harness AI, was struggling to keep pace with business growth because its procurement tools were not agile enough.
It worked with Coupa on issues including:
The use of separate systems for each geographical location and lack of reporting and compliance control
Having no PO process in place meant the AP team struggled to validate spending before payments and pay bills in a timely manner
A high amount of non-compliant expenses prevented the company from tracking spending against the budget, with employees waiting up to two months for reimbursement.
Coupa harnessed a suite of solutions: procure-to-pay; payments; virtual cards; fraud detection, and supplier risk and performance.
Josh Waldron, Scale AI VP Finance & Accounting, is delighted with the results of Coupa’s work.
He said: “Life now, post-Coupa, is amazing. You can ask my head of procurement, you can ask anyone on my team – it’s just night and day.”
By moving from a geographic-specific to a centralised procurement process on one AI-driven platform, Scale AI seamlessly added three new entities and continues to scale internationally.
Closing is faster and more accurate with all of Scale AI’s financial data flowing into one centralised location — giving the company the power to pull reports instantly, budget effectively, and forecast precisely.
In addition, automated controls and easy PO workflows help prevent non-compliant spending and empower Scale AI to process POs and payments 50% faster.
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