Full-Time

Director – Billing & Collections

Posted on 11/20/2024

Coupa Software

Coupa Software

1,001-5,000 employees

Cloud-based spend management and procurement solutions

Data & Analytics
Enterprise Software

Senior

Remote in USA

Category
Financial Accounting
Management Accounting
Treasury Accounting
Accounting
Required Skills
NetSuite
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree in Accounting, Business Administration, or related fields
  • 8-10 years’ experience in billing and collections
  • Accounting knowledge in billing and collections areas
  • Strong management and decision-making skills and ability to resolve conflicts.
  • Experience with NetSuite required
  • Strong analytical and problem-solving skills
  • Highly organized and strong attention to detail
  • Experience in evaluating processes and using data to make process design changes and improvements
  • Strong people management skills with proven ability to develop team members and lead by example
  • Strong interpersonal and communication skills, including excellent written, oral, and presentation skills, and ability to work well under pressure and interact at all levels
  • Advanced computer skills especially in Microsoft Excel
Responsibilities
  • Directly supervise the billing & collections teams, supporting the team and driving the team’s growth and scale
  • Manage accounts receivable activities to ensure billing accuracy and reduce DSO, past due balance, and unapplied payments & CMs
  • Ensure the accuracy of payments application and monitor and manage any unapplied payments
  • Monitor accounts receivable aging and prepare, analyze, and communicate related reports with measurable metrics
  • Drive continuous improvement in system usage/capabilities and processes for billing and collections, with a special focus on increasing automation
  • Prepare monthly/quarterly collection forecasts and closely monitor and perform against collection targets
  • Develop metrics to track billing and collection teams’ performance
  • Develop a set of enhanced reports for actuals and forecasts to support management in planning
  • Direct and coordinate customer service activities, including customer inquiries and communications through calls and emails
  • Analyze and assess collection issues and determines course of action for resolution
  • Implement best practices and develop, execute, and enforce AR policies and procedures
  • Work closely with other members of the Finance team on monthly reconciliation and review data for irregularities and errors on a regular basis
  • Assist with external financial audits and other due diligence and accounting requests

Coupa Software provides a suite of tools for spend management and procurement, helping businesses streamline their expenditure processes. Its platform integrates procurement, invoicing, and expense management into one system, reducing inefficiencies that occur when these functions are handled separately. Coupa operates on a subscription-based model, allowing clients to access its cloud-based services for a recurring fee, which supports scalability as businesses can easily add users or features. The company distinguishes itself from competitors by offering a user-friendly interface that resembles online shopping, promoting high user adoption and satisfaction. The goal of Coupa Software is to enhance financial efficiency for businesses by simplifying the management of their spending.

Company Stage

Acquired

Total Funding

$164.4M

Headquarters

San Mateo, California

Founded

2006

Growth & Insights
Headcount

6 month growth

5%

1 year growth

4%

2 year growth

-11%
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Simplify's Take

What believers are saying

  • Coupa's platform has helped over 3,000 global customers achieve significant savings, with $194 billion in bottom-line savings, demonstrating its strong impact on financial efficiency.
  • The launch of the Coupa App Marketplace and partnerships with companies like Bottomline and KNNX Freight extend the platform's capabilities, offering more comprehensive spend management solutions.
  • Recognition through awards like the Spendsetter Awards highlights the company's role in driving digital transformation and operational efficiency for its clients.

What critics are saying

  • The competitive landscape of the SaaS enterprise market is intense, with numerous players vying for market share, which could impact Coupa's growth.
  • Integration of new features and partnerships, such as with Bottomline, may pose challenges in maintaining platform stability and user experience.

What makes Coupa Software unique

  • Coupa's unified suite of spend management tools offers a seamless integration of procurement, invoicing, and expense management, unlike competitors who may offer fragmented solutions.
  • The company's community-generated AI leverages data from a vast network of suppliers and economic spend, providing unique insights and efficiencies that competitors cannot easily replicate.
  • Coupa's user-friendly interface, designed to mimic online shopping experiences, ensures high user adoption rates, setting it apart from more complex enterprise software solutions.

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Benefits

Insurance Package

Family Support

Legal Assistance

Student Loan Assistance

Employee Assistance

Discounts

INACTIVE