SAN MATEO, Calif., March 4, 2020 /PRNewswire/ -- Coupa Software
(NASDAQ: COUP) today announced that Wintershall Dea, Europe's leading independent oil and gas
company, has selected Coupa to unify its global procurement.
In May 2019, Wintershall and Dea
merged, resulting in a combined company with diverse legacy systems
and a desire to deliver significant synergies. The company realized
it had an opportunity to harness the momentum of the merger to
drive more radical change throughout the organization.
"Coupa's demonstrated global footprint and commitment to
ensuring customer success gave us confidence in their ability to
partner with us as we continue integration of our merged company,"
said Paul Smith, chief financial
officer at Wintershall Dea. "Coupa will help us procure
everything, from a pencil to complex operational services, so we
can be more strategic and less transactional in our newly formed
global procurement team."
The Coupa BSM Platform, with its high user appeal and wide
support of diverse procurement offerings, will empower Wintershall
Dea to automate its end-to-end global procurement process, giving
the procurement team the opportunity to be more strategic and drive
the promised synergies of the merged company. With the procurement
functions under a single, global platform that includes Source to
Pay, Contract Lifecycle Management, Supplier Information
Management, Services Maestro, Open Business Network, and Spend
Analytics, Wintershall Dea will be able to focus on driving down
costs while finding synergies in the supply chain across the
combined company.
"By providing a best-in-class BSM platform to Wintershall Dea,
the company will be able to quickly realize value from Coupa over
its previously diverse legacy systems," said Steve Winter, chief revenue officer at
Coupa. "We look forward to working together to help Wintershall
Dea deliver the anticipated synergies from the merger, and
ultimately spend smarter as one newly unified company."
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 Coupa Software
Coupa Software is the leading
provider of BSM solutions. We offer a comprehensive, cloud-based
BSM platform that has connected hundreds of organizations with more
than four million suppliers globally. Our platform provides greater
visibility into and control over how companies spend money. Using
our platform, businesses are able to achieve real, measurable value
and savings that drive their profitability. Learn more at
www.coupa.com. Read more on the Coupa Blog or follow
@Coupa on Twitter.
About Wintershall Dea
With the merger of Wintershall
Holding GmbH and DEA Deutsche Erdoel AG, two successful companies
with a long tradition have formed Europe's leading independent natural gas and
oil company: Wintershall Dea. The company with German roots and
headquarters in Kassel and Hamburg
explores for and produces gas and oil in 13 countries worldwide in
an efficient and responsible manner. With activities in
Europe, Russia, Latin
America and the MENA region (Middle East & North Africa), Wintershall Dea has a global
upstream portfolio and, with its participation in natural gas
transport, is also active in the midstream business.
Wintershall Dea stands for more than 120 years of experience as
an operator and project partner along the entire E&P value
chain. The company employs around 4,000 people worldwide from over
60 nations. The company plans to increase its average daily
production from about 590,000 barrels of oil equivalent in 2018 to
about 750,000 boe/d by 2023.
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SOURCE Coupa Software