IBM (NYSE: IBM) and Coupa Software today announced that Rent-A-Center, Inc. (NASDAQ: RCII), the nation’s largest rent-to-own operator, has achieved millions in savings by optimizing and centralizing its purchasing process in the cloud.
The IBM Emptoris procurement suite is part of IBM’s Smarter Commerce initiative, which is designed to help companies manage their supply and demand processes through intelligent automation. The solutions, which can be deployed either on premise or via SaaS or cloud delivery, are components of IBM’s growing SmartCloud portfolio of more than 70 SaaS and Business Process-as-a-Service (BPaaS) solutions.Through Coupa’s intuitive application, Rent-A-Center immediately captures spending without having to install software at each of its thousands of locations. The consumer-like online experience helps ensure broad adoption by letting employees easily enter spending into the system. This provides management with clearer visibility and control over spending across all its locations. “IBM and Coupa have helped Rent-A-Center streamline and control supplier management and reporting in one central solution,” said Pat Quirk, vice president, IBM procurement solutions. “Rent-A-Center is an example of how SaaS can speed delivery of services and eliminate technical complexity found with other solutions.” “Our No. 1 focus is customer success,” said Rob Bernshteyn, CEO of Coupa. “The results that Rent-A-Center achieved are concrete examples of what can be done when there is a common vision between our customers, our partners and ourselves. Rent-A-Center reached all the goals we collectively hoped for – better visibility into indirect spend, substantial cost savings and increased business efficiencies. We look forward to seeing more customers unlock the value of spend optimization with IBM and Coupa.” Rent-A-Center is expanding into other countries and has opened 90 new stores in Mexico between 2010 and 2012. The company uses Coupa and IBM’s procurement software for local supplier sourcing and procurement in Mexico as well, which helps minimize costs. About Rent-A-Center, Inc. Rent-A-Center, Inc., headquartered in Plano, Texas, is the largest rent-to-own operator in North America, focused on improving the quality of life for its customers by providing them the opportunity to obtain ownership of high-quality, durable goods such as consumer electronics, appliances, computers, furniture and accessories, under flexible rental purchase agreements with no long-term obligation. The Company owns and operates approximately 3,098 stores in the United States, Canada, Mexico and Puerto Rico, and approximately 966 RAC Acceptance kiosk locations in the United States and Puerto Rico. ColorTyme, Inc., a wholly owned subsidiary of the Company, is a national franchiser of approximately 224 rent-to-own stores operating under the trade name of “ColorTyme.” For additional information about the Company, please visit www.rentacenter.com. About IBM More information on IBM can be found at:IBM Smarter Commerce www.ibm.com/smartercommerceIBM SmartCloud Solutions www.ibm.com/SaaSIBM Procurement solutions http://www-142.ibm.com/software/products/us/en/category/SW111 About Coupa Software Founded in 2006, Coupa Software is the leading provider of cloud-based spend optimization software. More than 300 customers in 40 countries use the Coupa suite of cloud applications to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a true suite of cloud applications that enables customers to launch the solution immediately and quickly realize significant savings. Learn more at: http://www.coupa.com or call 650.931.3200. Read more at our company blog, Making Cents, or follow @Coupa on Twitter.