OneStream to implement Coupa internally and deliver a committed spend analysis solution that connects OneStream with Coupa
May 11, 2023 09:00 AM Eastern Daylight Time
BIRMINGHAM, Mich.–(BUSINESS WIRE)– OneStream, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, today announced its collaboration with Coupa to streamline business spend management (BSM) within the organization. Additionally, OneStream will develop a committed spend analysis solution on the OneStream platform for shared customers.
Coupa will provide OneStream the ability to automate and streamline procurement processes while improving spend management on a platform that can scale with organizational growth. In addition, OneStream’s committed spend solution will allow joint customers to align and integrate their budget, forecast and reporting processes with BSM, as well as manage outstanding commitments to proactively monitor actual and committed spending against budgets and forecasts.
“We are excited about selecting Coupa’s platform and the capabilities it will provide OneStream to improve our spend management internally. Additionally, we will also be able to provide benefits to OneStream customers as they look to better integrate budgeting and planning with BSM,” said Bill Koefoed, Chief Financial Officer at OneStream. “This collaboration furthers our strategy of expanding the value of CPM and the reach of our platform beyond finance and deeper into operations management.”
“In the face of continued economic uncertainty, now is the time for organizations to digitize and optimize their financial processes so they’re better equipped to respond faster and more strategically to disruption,” said Mark Riggs, Chief Customer Officer at Coupa. “We’re excited to collaborate with OneStream to not only grow and scale their own BSM transformation, but to further enhance that experience for our joint customers. With increased transparency into operational systems, CFOs and financial leaders can reduce risks and increase agility to drive profitable growth in a rapidly changing business environment.”
For more information about OneStream and OneStream’s solutions, visit: https://www.onestream.com/solution-exchange/.
About OneStream Software
OneStream Software provides an intelligent finance platform built to enable confident decision-making and maximize business impact. OneStream empowers Finance and Operations teams with insights to make faster and more informed decisions every single day. We unleash organizational value by unifying data management, planning, reporting, analytics, financial close and consolidation. All through a single, modern corporate performance management (CPM) platform designed to continually evolve and scale with your organization.
OneStream is an independent software company with over 1,200 customers, 230 implementation partners and nearly 1,300 employees. Our primary mission is to deliver 100% customer success. To learn more, visit www.onestream.com.