Telenor Selects Business Spend Management Leader Coupa to Power Global Procure-to-Pay Initiative

Coupa will enable global telco to streamline policy-compliant purchasing

SAN MATEO, Calif., June 21, 2018 (GLOBE NEWSWIRE) -- Coupa Software (NASDAQ:COUP), a leader in business spend management (BSM), today announced that Telenor, one of the world’s largest telecommunications companies, has selected Coupa to transform its global procurement capability and drive efficiencies across its 25,000 employees. Global service provider KPMG will support the deployment.

“Telenor is embarking on the beginning of its digital transformation journey to among other things, digitize and simplify its internal processes,” said Jon Omund Revhaug, CEO, Telenor Procurement Company. “We are excited to have Coupa and KPMG as our partners in this journey because of their innovation and strong subject matter expertise, which promise an effective outcome.”

The telecommunications leader will first deploy a pilot to employees in Denmark and Singapore before embarking on a rollout for Telenor’s Business Units in Norway, Sweden, and across Asia. The project will simplify policy-compliant purchasing for Telenor’s 25,000 employees who in turn service Telenor’s 178 million customers around the world.

“Standardizing and streamlining procure-to-pay processes across Telenor’s diverse businesses across Europe and Asia required a solution that could be rapidly deployed and easily configured in the cloud,” said Revhaug.

“We are delighted to work with Telenor on this project to help drive increased visibility into the company’s BSM processes,” said Mark  Riggs, chief customer officer, Coupa. “Telenor needed a modern, agile cloud platform and a deployment approach squarely focused on its desired business outcomes. We are thrilled that Telenor selected Coupa and KPMG to be a key part of its transformation.”

Coupa and KPMG were selected by Telenor after an extensive evaluation of potential solutions.

About Coupa Software
Coupa Software (NASDAQ:COUP) is the leading provider of business spend management, or BSM, solutions. We offer a comprehensive, cloud-based BSM platform that has connected hundreds of organizations with more than four million suppliers globally. Our platform provides greater visibility into and control over how companies spend money. Using our platform, businesses are able to achieve real, measurable value and savings that drive their profitability. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.

About Telenor
Telenor Group connects its 178 million customers to what matters most. Connecting the world has been Telenor’s domain for more than 160 years and we currently operate in 12 markets across Scandinavia, Central Eastern Europe and Asia. Our 30,000 employees are committed to responsible business conduct and driven by the ambition of empowering societies. For more information, please visit https://www.telenor.com/

Media inquiries:

Orlando De Bruce
Coupa Software
Global Public Relations
orlando.debruce@coupa.com 
O (650) 485-8629

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