Streamline Procurement with the Docusign CLM Connector for Coupa

How much can inefficient agreement management processes cost an organisation? The answer isn’t pretty: Inefficient processes contribute to nearly US$2 trillion in lost economic value globally each year.  

Procurement is responsible for consolidating spend, maximising supplier performance and ensuring compliance with company sourcing policy. It’s not an easy job, and it’s made much more difficult by disconnected systems and manual processes. 

Don’t leave procurement behind as your business matures

From sales to legal and beyond, departments across modern organisations are implementing and integrating tools and systems to make their work faster and more efficient. Some procurement teams have yet to follow suit, relying instead on disconnected point solutions to manage procurement agreements.

But disconnected systems and processes across the procure-to-pay lifecycle can result in serious issues, including:

• Limited or no visibility into contract terms and statuses

• Inefficient contract generation and approval processes

• Heightened risk associated with reviewing third-party paper

• Increased chance of error due to manual data entry

• Time wasted moving between systems

• Costly mistakes due to outdated information

What’s the solution?

Adopting a spend management tool like Coupa as part of your procure-to-pay process is a great first step. The next is to integrate it with Docusign CLM.

Docusign CLM allows you to streamline the contract lifecycle by automating manual tasks, orchestrating complex workflows and reducing unnecessary risk. It provides document generation, collaboration, workflow, seamless integration with Docusign eSignature and a searchable repository for completed agreements. Docusign CLM is designed to work for the entire enterprise, with integrations into common Sales and Procurement systems, in addition to the core contract management capabilities listed above.

This enables the procurement team not only to better collaborate with internal teams, but to improve buyer-supplier relationships through better management of the end-to-end agreement lifecycle.

Streamline procurement: The Docusign CLM Connector for Coupa

The “right” technology stack for your procurement, sales, legal and other teams is one that enables more seamless collaboration, improves efficiency across the agreement lifecycle and helps manage risk across all your agreements.

With the Docusign CLM Connector for Coupa, your procurement team can work in Coupa while collaborating with legal and other stakeholders for swift contract approvals and completion using Docusign CLM.

Together with Coupa and Docusign CLM, procurement and legal teams can easily kick off contract workflows inside Docusign CLM simply by submitting a requisition inside Coupa.

Key information is shared between systems automatically to eliminate the need to jump back and forth between platforms and re-type information. No more jumping between platforms to retype the same details in multiple places, which can create opportunities for costly errors.

When the agreement is signed, relevant details and a link to the signed agreement are synced back to Coupa automatically as well, helping to ensure that every stakeholder has access to the information they need to keep business moving forward.

Ultimately, it means greater speed, better collaboration and reduced risk across your procure-to-pay process. 

Interested in learning more?

Contact the Docusign team for more information on how integrating Coupa with Docusign CLM can help streamline your source-to-pay processes.