Learn how New Orleans College Prep CFO, Jonathan Tebeleff, implemented Coupa and Nvoicepay and realized a savings of over $85,000 from a paperless P2P solution.
New Orleans College Prep had their hands full with a growth initiative to fund a pre-K program and the financing of two new schools. NOCP was outgrowing its existing manual invoicing solution with $19 million in expenses and 550 invoices to process monthly. The school's CFO Jonathan Tebeleff sought a procure-to-pay solution from Coupa and Nvoicepay to solve the laggardly AP process. Coupa's automated approval chain made payment lifecycles visible to the whole operations staff and Nvoicepay ensured payments were made through the most advantageous means for the school's lean budget. With NOCP's invoices no longer siloed in paper stacks, the school has raked in dramatic savings of $85,000 using this joint solution. As an investment in the school's bright future, the savings are being used to purchase more laptops for students.