U.S. cloud solutions vendor Coupa Software has sealed a deal with the Colombian government to extend the service of its ‘procure-to-pay’ platform, which the Andean country will use to save $1 billion in government procurement spending by the third quarter of 2014.
The newly formed government agency, Colombia Compra Eficiente (CCE), will take charge of rolling out the application across the government departments.
San Mateo, Calif -based Coupa says its application will streamline the public procurement process, making it far more transparent.
“More than 400 public servants are already using Coupa, and that number is expected to grow to up to 20,000 users across all 6,500 entities in the next two years,” said the US firm in a press release.
The CCE is offering Coupa’s application to several government entities, including the Colombian military, local hospitals, the ministry of defense, and the ministry of foreign affairs.
“Twenty-nine government agencies have already bought fuel and liability vehicle insurance under the framework agreements using the Coupa platform,” the software firm stated.
The application, Coupa says, streamlines the system significantly. “The procurement officers now spend close to an hour allocating the purchase orders whereas they used to spend close to three months in the contracting process.”
Coupa will be used to procure fuel, liability vehicle insurance, stationery, cleaning services for offices, hardware (computers, laptops, tablets, printers, scanners), surveillance service for government buildings, and IT services (connectivity, cloud services at public and private clouds).
“We’re using the most advanced, scalable, cloud solution available across our government to reduce costs and increase efficiency,” said Paca Zuleta, Executive Director at CCE.