Larsen and Toubro Infotech or LTI, a global Information Technology services and solutions company today announced a strategic partnership with Coupa, a leader in cloud-based spend management and procurement software platform.
This partnership will enable enterprises to rationalize spends, achieve measurable savings, control costs and improve cash management.
Coupa offers comprehensive solutions for items such as Procure-to-Pay, Travel and Expense Management, Invoicing, e-sourcing, Supplier Management and Contract Management. As part of this partnership, LTI will establish a Coupa Center of Excellence (CoE) to strengthen its Coupa practice.
The CoE will develop spend management solutions to help companies control and regulate all forms of spend in the organization and streamline the procurement process by opportunity identification, proposals, requisitioning, contract management, invoicing and settlement.
"LTI and Coupa are innovative leaders that provide companies with the latest technology solutions and services needed to help build profitable, interactive businesses," said Roger Goulart, Vice President of Business Development and Alliances, Coupa.
"Together, we share a commitment to helping companies achieve success by arming them with the tools and support needed to become more competitive than ever."
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"Global organizations are looking for spend management solutions that can enhance responsiveness and effectiveness of their procurement efforts, ultimately leading to higher profitability," said Chief Operating Officer LTI, Aftab Ullah.
"This partnership will add to the capabilities of our Cloud Apps practice and enable us to help our clients modernize and transform these functions," added Ullah.
This strategic partnership will help global companies improve supplier relations and mitigate supplier risks. It will focus on customer success and transform traditional procurement departments into next generation digital procurement organizations.