DBS Bank to replace legacy procurement tech with Coupa’s cloud platform
DBS Bank will automate its business spend management with Coupa Software’s cloud-based platform.
The new platform will replace DBS’s current procurement systems and will be rolled out globally to more than 22,000 employees in more than 280 branches across 18 markets.
Donna Trowbridge, group head of procurement at DBS, says “Coupa will enable us to digitalise spend processes and reap group-wide benefits through increased profitability, cash flow control, risk reduction, and global spend visibility.”
The implementation will be led by KPMG in Singapore and will initially be deployed to users across Singapore, China, Hong Kong, Taiwan, Indonesia and India.
Coupa says it was selected “after an extensive market evaluation”. It says the bank selected it “for its walk-up usability leading to adoption by both employees and suppliers” and “elegant integration to DBS’ multiple ERP systems, primarily Oracle PeopleSoft”.