COUPA – SCALE AI
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 :
“ We went all in with SIM , full procure to pay , we did virtual cards , all of travel and expenses , and went live in 5 months ”
JOSH WALDRON , VP FINANCE & ACCOUNTING , SCALE AI
• 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 noncompliant spending and empower Scale AI to process POs and payments 50 % faster . coupa . com 5