OneStream, a leader in corporate performance management (CPM) solutions, has announced its collaboration with Coupa to streamline Business Spend Management (BSM) within the organisation. Additionally, OneStream will develop a committed spend analysis solution on the OneStream platform for shared customers.
Coupa will provide OneStream with the ability to automate and streamline procurement processes while improving spend management on a platform that can scale with organisational 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.”
Mark Riggs, Chief Customer Officer at Coupa, added: “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.”
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