Closed loop financial planning and business spend management
Anaplan and Coupa partnered to link Anaplan’s financial planning and budgeting solutions to Coupa’s business spend management capabilities and give companies a unified view of their budget’s past, present, and future. The joint solution integrates budget data from Anaplan to order and payment data in Coupa to provide a near-real-time view of your plan versus actuals.
Key benefits of linking planning and execution through the joint Anaplan and Coupa solution include the ability to:
- Provide measures for improving future budgets and supplier negotiations by looking at the accuracy of the overall financial planning process to actual spend.
- Allow your teams to better govern and adapt to changing business conditions and understand what budget variances, accruals, and rebalances are needed.
- Deliver forward spend forecasts to help finance and procurement better prepare future year budgets based on real data instead of estimates.
- Use multiple AI and ML forecasting methods to help your teams better analyze savings opportunities in multiyear contracts.
Anaplan’s integration with Coupa’s business spend management cloud enables finance and procurement teams to optimize their financial plans and investments by ensuring that spend is governed by the bottom line. Coupa manages the execution of your purchase orders and invoice payments business at scale. Anaplan integrations include connections to Coupa budgeting, orders, and invoices and can be extended to virtually any data offered as part of Coupa advanced integration and API services. Anaplan’s robust integration capabilities also allow your mutual customers to bring in performance data from attribution and analytical tools, such as ERP and finance and workforce technologies, for more effective planning.