Investcorp Prepares for Multi-Billion-Dollar Growth with Accounts Payable Automation
Increase in AP Capacity
Cost-Avoidance on Additional AP Headcount
Rapid International Growth
Investcorp is a leading global manager of alternative investments. The firm is growing fast, aiming to double its assets under management (AUM). To avoid the cost of scaling out its accounts payable (AP) team to accommodate an anticipated surge in invoice volumes, the company deployed an AP automation solution delivered through Coupa’s Business Spend Management Platform and supported by Kofax ReadSoft Online—doubling its AP capacity without any increase in headcount.
“Thanks to automation from Kofax and Coupa, we’re empowering our employees to focus on analyzing our spend data and uncovering new opportunities to deploy our capital and boost our operational efficiency.”
Ayman Al-Arrayed, Principal, Investment and Corporate Accounting
Founded in 1982, Investcorp is a leading global provider and manager of alternative investment products, serving high-net-worth private and institutional clients. With offices in New York, London, Bahrain, Abu Dhabi, Doha, Riyadh, Mumbai and Singapore, Investcorp had $28.2 billion in assets under management in June 2019.