BUCHAREST, Romania, March 22, 2017 (GLOBE NEWSWIRE) — Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, today announced that leading international oil and gas company, KMG Rompetrol, has selected Coupa to automate its procurement processes and increase efficiency across its operations.
Operating in a highly competitive global industry and with an expanding supplier and customer base, KMG Rompetrol required an agile solution that would not only allow its internal procurement activities to be automated, but also add value by providing insight into measurable key performance indicators (KPIs).
After a stringent evaluation of the marketplace, KMG Rompetrol chose Coupa’s S2P and analytics software, highlighting the mobility of the Coupa solution and intuitive user interface of the platform as important advantages.
“Coupa stood out to us immediately. Our suppliers are a vital part of our business and the fact that Coupa doesn’t charge them for collaboration on the platform was a key differentiator,” said Zamanbek Mirzayanov, global procurement director at KMG Rompetrol. “We wanted a solution that would allow us to streamline our procurement process completely, foster collaboration and allow us to focus our efforts on the more mission critical aspects of our business. It became clear very quickly why Coupa is recognised as an innovator and leader in the spend management space.”
In addition to KMG Rompetrol automating its financial processes with Coupa solutions, the oil and gas company also can provide employees with access to supplier information in even the most remote locations.
Headquartered in Bucharest, Romania, and a subsidiary of KazMunayGas, the state-owned oil and gas company of Kazakhstan, KMG Rompetrol is one of the most well-established oil companies in Europe. It has more than 7,000 employees in 12 countries with significant operations in the Black Sea and Mediterranean Sea.
Coupa EMEA General Manager Alex Kleiner emphasised that by selecting Coupa, KMG Rompetrol can make it easier for its employees to transact and collaborate with suppliers, laying the foundations for long-lasting successful relationships.
“In a fast-moving competitive industry, it’s absolutely crucial for organisations to have the correct technology in place allowing them to automate their procurement processes as efficiently as possible,” Kleiner said. “At Coupa, we understand the importance of measuring KPIs and ensure that our solutions are optimised to provide insight into business spend, all of which helps deliver clear and measurable value. KMG Rompetrol, is one of the most recognised oil and gas organisations in the world, and we’re excited to have them join the Coupa family.”
About Coupa Software Coupa Software is the cloud platform for business spend. We deliver “Value as a Service” by helping our customers maximise their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organisations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. Customers – small, medium and large – have used the Coupa platform to bring billions of dollars in cumulative spend under management. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
About KMG RompetrolKMG International has been the name of the well-established Rompetrol Group N.V since 2014. With 7,000 employees, KMG International carries out operations in 12 main markets throughout Europe and Central Asia, being active primarily in trading, refining and petrochemicals, retail and marketing and other services in the oil industry such as well services, drilling, EPCM, producer of cast iron valves.
Rompetrol is the main brand of KMG International, used for the refining and petrochemicals operations, retail activities in Romania, Moldova, Bulgaria, Georgia and also for well services in the upstream area. It has gained success not only through development at international level, but also in 4 decades of expertise in the oil industry. Learn more at http://www.kmginternational.com.
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