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Coupa@Labcorp

Labcorp Runs Record to Report with Coupa

Labcorp, a health care organization in the United States, uses Treasury from Coupa to support record to report for controllers and shared services.

Value results

CategoryValue result
CapabilityRecord to report stays visible to adjacent teams through Treasury
CapabilityControllers and shared services work from the same Treasury record for financial close
CapabilityFinancial close can be reviewed without waiting on a personal export

Story

Labcorp did not need another dashboard that nobody opened. It needed record to report to move. In the United States, controllers and shared services already knew where financial close went wrong: too many copies, too little ownership, and a close process that waited on the loudest inbox.

Treasury from Coupa is now in that path. Coupa is a spend management platform for procurement, invoicing, expenses, and supply chain design used by finance and procurement teams. The company treats it as production tooling for record to report, which is why controllers and shared services live in it rather than exporting from it once a quarter.

Labcorp can show how financial close is handled today. That is the value: a repeatable way to run record to report on software the rest of the industry already recognizes.

Relationship map

Labcorp uses Coupa, Canva, Epic Systems, Qlik, IBM, Zscaler, UiPath, Smartsheet, Atlassian, Veeva. Shared with Accenture, Alibaba, Allbirds, Aptiv, Ascension. Industry: Health Care. Value: Capability. Drag nodes, filter types, or expand a node to follow more commonalities.

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