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Munich Re Takes Source-to-Pay Global With CoupaSAN MATEO, Calif., Feb. 19, 2019 /PRNewswire/ -- Coupa Software (NASDAQ: COUP), a leader in business spend management (BSM), today announced that Munich Re, a global Fortune 500 company based in Germany, which provides reinsurance, primary insurance, and insurance-related risk solutions, selected Coupa to transform its procurement and related spend management processes by deploying the first global source-to-pay solution within the reinsurance organization. The Coupa BSM Platform will empower Munich Re to take its next step in digital transformation globally by reducing paper invoicing, simplifying and standardizing procurement and related spend management processes, and providing suppliers a unified platform for simpler and faster global transacting. With the latest digital resources under one global platform, including Source to Pay, Supplier Information Management, Coupa Analytics, Services Maestro, and Coupa Inventory, Munich Re will be equipped to continue to build on its global competitive edge. "We were impressed with the ease-of-use of the Coupa platform and see high potential to further automate the inbound invoice traffic with our suppliers, giving us the ability to speed up payments," stated Christoph Carus, Global Head of Reinsurance Accounting at Munich Re. "Coupa's strong product innovations, customer successes, and KPI-measured value were evident while attending Inspire EMEA last year," said Thomas Faller, Chief Procurement Officer at Munich Re. "As we looked at our areas for improvement, Coupa demonstrated the ability to address the needs of our many stakeholders, including suppliers who can seamlessly adopt the BSM platform." "The ability to implement a global source-to-pay solution will greatly help move the needle in Munich Re's transition from analog to digital processes," said Steve Winter, Chief Revenue Officer at Coupa. "We look forward to working together and delivering value to Munich Re through the Coupa BSM Platform." Coupa empowers companies around the world with the visibility and control they need to manage all their business spend in one place. To learn more, visit https://www.coupa.com/. About Coupa Software About Munich Re
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