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Larsen & Toubro Infotech (LTI), a global Information Technology services & solutions company announced a strategic partnership with Coupa, a leader in cloud-based spend management and procurement software platform. This partnership will enable enterprises to rationalize spends, achieve measurable savings, control costs and improve cash management.
Coupa offers comprehensive solutions for items such as Procure-to-Pay, Travel & Expense Management, Invoicing, e-sourcing, Supplier Management and Contract Management. As part of this partnership, LTI will establish a Coupa Center of Excellence (CoE) to strengthen its Coupa practice. The CoE will develop spend management solutions to help companies control and regulate all forms of spend in the organization and streamline the procurement process by opportunity identification, proposals, requisitioning, contract management, invoicing and settlement.
This strategic partnership will help global companies improve supplier relations and mitigate supplier risks. It will focus on customer success and transform traditional procurement departments into next generation digital procurement organizations.
Keywords: L&T Infotech, Coupa, Spend Management & Procurement, ARC Advisory Group