COUPA ’ S AI INNOVATIONS
As announced at Coupa Inspire 2024 , the company is further augmenting its solutions with further AI innovations .
combine my finance brain with business and have a real impact in how the company is performing ,” he explains .
After being headhunted by Lululemon , he had the chance to help build a procurement function at a high-growth organisation from the ground up . One of the ways he managed to build that successful procurement and supply chain strategy was by deploying Coupa ’ s solutions , which ultimately helped lead him to his current position .
His balanced background of retail and finance has set him up perfectly for that role , as he feels it puts him in a strong position to empathically work with their customers having been in their position .
“ I always say to anyone in procurement , you need to have finance acumen , and you need to have an understanding of finance ,” he says . “ You need to understand what matters to the CFO because ultimately the CFO is a critical person . They can either be a strong ally or a strong disbeliever in the value that procurement can create .”
Contract Intelligence This tool helps teams prevent revenue loss and make faster and more informed decisions . It uses AI to analyse and extract key data , enabling users to load third-party contracts and create records automatically . Contract amendments can be tracked comprehensively and more effectively , which helps reduce risk and cut hours of manual work .
Purchase Order ( PO ) Collaboration Intelligence Implementing this intelligence keeps businesses running and increases supply chain resiliency by reducing lead times , expediting troubleshooting and improving delivery performance . It uses AI to automate order change requests by processing emails to generate PO confirmations .
Coupa Navi AI Agent Navi is a genAI-based AI agent that provides real-time support and guidance helping procurement teams make smarter decisions faster . Coupa Navi AI agent guides users through intake and purchase requests , auto-populates forms , creates personalised dashboards , surfaces key data and insights , and speeds up approval cycle times .