Coupa empowers companies around the world with the visibility and control they need to spend smarter and safer.. Customers – small, medium and large - representing the Americas, EMEA, and APAC rely on Coupa to support business agility and reduce risk and costs. Only Coupa provides an organic suite of true cloud business spend management applications, including invoicing, procurement, expense management, sourcing and inventory, contract lifecycle management, supplier management, risk management, and supply chain design and planning. Coupa software allows customers to realize a return on investment that can start within a few months and grow continually. Learn more at www.coupa.com.
The average Fortune 500 company leases several hundred million dollars of assets such as cars and vehicle fleets, computers and data center equipment, forklifts and material handling equipment. Most procurement departments aggressively negotiate the purchasing price for equipment, but don’t exercise the same rigor when it comes to financing leases. Instead, the capital for leases is sourced from either the financing arm of the equipment vendor or the house bank.
LeaseAccelerator’s Enterprise Lease Sourcing application enables procurement organizations to apply best practices such as supplier RFPs, competitive bidding, and contract standardization for the financing of equipment leases. By applying these sourcing best practices, companies can reduce their leasing costs by 6-8%.
First, the Sourcing application enables companies to compare the economics of purchasing versus leasing a particular asset. If a decision to lease is made, the Sourcing application automatically generates an RFP outlining the desired lease term, payment frequency, purchase, renewal, and return options.
The RFP can be distributed to a preferred list of capital sources or to several of the 500 financial institutions on our Global Lessor Network. The Sourcing application identifies potential lessors based on credit rating, geographic location, and type of equipment to be financed. Competing bids are automatically ranked and compared, enabling a quick decision-making process.
Vertex, Inc. is a leading global provider of indirect tax software and solutions. The company’s mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex employs over 1,100 professionals and serves companies across the globe.
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