Closed Loop Spend Management (CLSM) is at the heart of that work to deliver new procurement value. By bringing procurement, finance, and your business model together, CLSM helps transform direct and indirect costs that don’t create value into opportunities for growth, impacting SG&A and COGS. By bringing together the power of digital, data and AI, we create more efficient, agile, and responsible procurement and supply chain operations.

Accenture and Coupa achieve this by harnessing the BSM platform to help ‘close the loop’ by making the most of costs that don’t need to continue, while gaining an end-to-end view of the supply chain and combining live market data and community insights from more than 2,000 Coupa customers to determine a more cost-effective operational path forward.

We embed sustainable sourcing practices across procurement with supplier risk assessment tools and help you shift from working in siloes towards collaborative innovation, all the while managing risk in real time with automated fraud detection solutions, transaction controls, and compliance guard rails. By integrating Coupa’s offerings with Accenture’s proprietary platform, myConcerto, the entire business transformation is accelerated.