Munich Re Takes Source-to-Pay Global With Coupa
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," statedChristoph 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
"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
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 Munich Re
Munich Re is one of the world's leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017 Atlantic hurricane season. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyberattacks, or pandemics. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world's most sought-after risk partners for businesses, institutions, and private individuals.
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