#Japan #Kyoto #Spend Management #Shimadzu Corp #Coupa Inc

Shimadzu Corporation Enhances Governance with Coupa's Platform

Shimadzu Corporation, known for its commitment to contribute to society through science and technology, has recently announced the adoption of Coupa's spend management platform as part of its efforts to strengthen governance and its overall management infrastructure. This decision aligns with the corporation's proactive strategy leading up to its 150th anniversary in April 2025.

With its corporate motto, "Contributing to Society through Science and Technology," Shimadzu Corporation is currently implementing a medium-term management plan that includes five business strategies and seven initiatives aimed at enhancing governance. As part of these initiatives, the company is focusing on measures that empower its global manufacturing capabilities, strengthen procurement functions, enhance business continuity management (BCM), and promote data-driven management through digital transformation (DX).

Selecting the right spend management solution has been critical for Shimadzu, allowing for comprehensive management of procurement and purchasing operations across the Shimadzu Group. The adoption of Coupa's platform addresses the company's goals for ensuring transparency in procurement processes, compliance with regulations, and fortifying its supply chain. Additionally, it facilitates the centralization of all data related to expenditures, enabling continuous cost optimization and standardization of group-wide procurement operations.

The choice of Coupa was influenced by its global implementation track record and the rich array of features that enhance supplier convenience. As a leader in AI-native total spend management, Coupa leverages a community-generated data set of $7 trillion, offering a seamless automation of the purchasing process via advanced applications on a single platform. This shift toward Coupa’s platform underscores Shimadzu's commitment to making data-based decisions while enhancing its governance structure.

In collaboration with KPMG Consulting, Shimadzu plans to proceed with the implementation of Coupa, aiming for standardized and efficient spend operations, strengthened governance, and the establishment of a data foundation to support optimal decision-making.

About Coupa
Coupa is recognized as a leader in AI-native total spend management, empowering organizations to innovate and optimize their spending using advanced AI agents and a vast network of over 10 million buyers and suppliers. Coupa’s platform integrates seamlessly into existing operations and acts as a Margin Multiplier, assisting clients in maximizing their profits. For further information, visit coupa.co.jp and follow Coupa on Facebook, LinkedIn, and X (Twitter).

Shimadzu Corporation's adoption of Coupa's solutions marks a significant step forward in strengthening its governance framework and operational effectiveness, highlighting the critical role technology plays in modern business environments.