Novolex is pleased to partner with Coupa, a leader in Procure-to-Pay (P2P) digital technology. Our Coupa Supplier Portal enables us to go paperless, allowing both our suppliers and Novolex to benefit from the efficiencies, transparency and security associated with digital transactions.
Formal migration to the new platform for invoices, purchase orders, payments and related transactions will begin on January 1, 2023. Suppliers will be invited to enroll on the platform on a phased-in basis according to the one or more Novolex businesses they support. Suppliers will be provided with guidance and information on how to enroll in the Coupa Supplier Portal throughout the months leading up to their enrollment date.
Conducting our P2P activities via our Coupa Supplier Portal improves the procurement lifecycle by reducing processing times for purchase orders (POs), invoices and payments, and increasing visibility of related data.
Novolex purchase orders are transmitted to suppliers via our Coupa Supplier Portal. Suppliers receive POs from the portal based on the method that the supplier selected during their account configuration.
Supplier invoices are transmitted electronically to Novolex via portal or based on the method selected during account configuration. A Novolex purchase order is required for all invoices submitted for payment.