Tuesday, June 16, 2015

Thomas Cook Group Selects Coupa for Procure to Pay Solution

Leading leisure travel group to roll-out solution in markets across Europe

LONDON - Monday, June 15th 2015 [ME NewsWire]

(BUSINESS WIRE) -- Coupa Software, the leader in cloud-based spend management, and Thomas Cook Group today announced the roll-out of Coupa’s Procure to Pay (P2P) solution across their European markets.

As one of the world's leading leisure travel groups with annual sales of £8.5 billion, Thomas Cook Group’s roll-out will benefit employees across Europe by providing a flexible and easy-to-use solution that will consolidate and standardise processes across their European markets. Thomas Cook Group selected Coupa’s P2P as part of an intensive market evaluation which revealed that the solution also provides spend transparency that will be accountable at a group level.

“Coupa´s integrated cloud based Procure to Pay solution allows us to quickly onboard all our employees into one single platform that is flexible and easy-to-use for procurement and accounts payable,” said Nikolaus Kirner, Thomas Cook Groups plc´s Chief Procurement Officer. “The solution will also allow us to provide key strategic insight into our group-wide spend.”

Coupa CEO Rob Bernshteyn said Thomas Cook Group’s selection of Coupa’s P2P solution will allow the leisure travel company to focus on transforming and simplifying its procurement operations to help drive the complexity out and the cost down.

“We are redefining the world of cloud applications for leisure travel, and we are delighted that the Thomas Cook Group selected us to provide a user-friendly experience for its employees,” Bernshteyn said. “This partnership underscores Coupa’s commitment to an open and interconnected solution centered around our customers’ long term success. Our focus on ease-of-use and choice are a natural fit for Thomas Cook Group.”

Coupa’s P2P solution provides a consistent interface across both procurement and invoicing modules as well as a common data model that can be fully integrated into Thomas Cook’s ERP back-end payment systems.

About Thomas Cook Group

Thomas Cook Group plc is one of the world's leading leisure travel groups with sales of £8.5 billion in the year ended 30 September 2014. Thomas Cook is supported by approximately 27,000 employees and operates from 15 source markets; it is number one or two (by revenue) in all its core markets. Thomas Cook Group plc’s shares are listed on the London Stock Exchange (TCG). For more information, please visit http://www.thomascookgroup.com.

About Coupa Software

Coupa Software is the leading provider of cloud-based financial applications. More than 500 customers in over 40 countries, including Sanofi, Salesforce.com, BNP Paribas North America, NEC, Royal Bank of Canada, Swiss Re, and Highmark Health use the Coupa suite of financial applications to support business agility and reduce costs. Coupa provides a suite of true cloud applications for finance, including accounts payable, sourcing, procurement and expense management that allows customers to realise a return on their investment within a few months and savings that continually impact the bottom line. Learn more atwww.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.


Media inquiries:

Porter Novelli

Coupa EMEA

Tom Andrews

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Coupa Software

Orlando De Bruce

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Global Public Relations


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