Tech Intelligence Bulletin (HG Insights) – Wintershall Dea, Europe’s leading independent oil and gas company, has selected Coupa to unify its global procurement.
In May 2019, Wintershall and Dea merged, resulting in a combined company with diverse legacy systems and a desire to deliver significant synergies. The company realized it had an opportunity to harness the momentum of the merger to drive more radical change throughout the organization.
“Coupa’s demonstrated global footprint and commitment to ensuring customer success gave us confidence in their ability to partner with us as we continue integration of our merged company,” said Paul Smith, chief financial officer at Wintershall Dea. “Coupa will help us procure everything, from a pencil to complex operational services, so we can be more strategic and less transactional in our newly formed global procurement team.”
End-to-end global procurement process
The Coupa BSM Platform, with its high user appeal and wide support of diverse procurement offerings, will empower Wintershall Dea to automate its end-to-end global procurement process, giving the procurement team the opportunity to be more strategic and drive the promised synergies of the merged company. With the procurement functions under a single, global platform that includes Source to Pay, Contract Lifecycle Management, Supplier Information Management, Services Maestro, Open Business Network, and Spend Analytics, Wintershall Dea will be able to focus on driving down costs while finding synergies in the supply chain across the combined company.
“By providing a best-in-class BSM platform to Wintershall Dea, the company will be able to quickly realize value from Coupa over its previously diverse legacy systems,” said Steve Winter, chief revenue officer at Coupa. “We look forward to working together to help Wintershall Dea deliver the anticipated synergies from the merger, and ultimately spend smarter as one newly unified company.”
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