April 26, 2024 20:05 (IST)
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L&T Infotech partners with Coupa to provide cloud-based spend management solutions
Mumbai, Aug 18 (IBNS): Larsen & Toubro Infotech (LTI), a global Information Technology services & solutions company announced on Thursday that it is entering into 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, said LTI in a release.
Coupa offers 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), which 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, according to the company.
“LTI and Coupa are innovative leaders that provide companies with the latest technology solutions and services needed to help build profitable, interactive businesses,” said Roger Goulart, Vice President of Business Development and Alliances, Coupa. “Together, we share a commitment to helping companies achieve success by arming them with the tools and support needed to become more competitive than ever.”
“Global organizations are looking for spend management solutions that can enhance responsiveness and effectiveness of their procurement efforts, ultimately leading to higher profitability,” said Aftab Ullah, Chief Operating Officer, LTI. “This partnership will add to the capabilities of our Cloud Apps practice and enable us to help our clients modernize and transform these functions.”
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