No longer are chief procurement officers (CPOs) mere cost-control executives, they are well-positioned as leaders with in-depth knowledge of supply chain resilience, risk management, spend optimisation, supplier relationships – areas that also feed into an organisation’s drive to be net zero. P2P platforms help deliver competitive advantage

With so much volatility in today’s world, procurement professionals have taken on an added importance compared to their standing in pre-pandemic times.

The process involves supply management, requisition, purchase orders, invoice reconciliation and accounts payable. P2P systems enable the integration of purchasing and accounts payable departments within businesses. Market and societal turbulence might have driven down Coupa’s stock, but it has also made the company’s market-leading procure-to-pay (P2P) offering hugely attractive to businesses. The Coupa Software deal follows similar Thoma Bravo deals involving tech companies, including supply chain scenario planning platform, Anaplan. The conditions for the deal have been set by high inflation, tapering consumer demand and Russia’s invasion of Ukraine, all of which have seen tech-sector stock plummet. Coupa Software – the cloud platform for an estimated US$1tn in business spend management – has agreed to be taken private by buy-out firm Thoma Bravo in an all-cash $8bn deal.

Coupa purchasing