Savings Program

One of the key ways to measure success is to track how much money the organization has saved by tactical changes within your procurement process. Coupa allows you track these changes in our Savings Dashboard.  We look at a variety of different measures that add up to a total savings that is generated through the system. You can setup these metrics within your Coupa Service by going to Setup - Dashboard Controls.  From there you can setup preferred supplier saving percentages and dollars saved per transaction among other things. That's the How part of setting up the Savings Program. The Why Part should be obvious! It's because you need a way to capture the information that your team is doing in terms of negotiating contracts with vendors, cutting down on processing time of orders, rejecting requisitions that don't make sense, and a variety of other items. Let's explore each savings metric in more detail: Avoidance Discounts Taken Preferred Supplier Process Savings RFQ Savings Happy Savings!