Also, Coupa is able to take the collective intelligence gathered across our entire platform—hundreds of billions of dollars of spend each year—and use that spend intelligence to continually improve our recommendations. In 2018, the company was named a leader in multiple IDC MarketScape Assessments including: Worldwide SaaS and Cloud-Enabled Procurement Applications,In June 2018, Coupa was awarded top seed in Garter's Magic Quadrant for P2P suites.In May 2018, Coupa and The Economist Intelligence Unit released the report, “The Strategic CFO in a Rapidly Changing World,” which found that of Chief financial officers (CFOs) surveyed by The Economist Intelligence Unit, the majority lacked visibility into corporate spend. In April 2014, Coupa introduced Coupa Inventory which provides all employees in an organization real-time visibility into inventory availability while they are ordering, thus reducing wasteful spending.In October 2014, Coupa announced an update to its applications, which includes new features to optimize spend and supply chain management in the enterprise.Starting in 2017, Coupa launched Coupa Community Intelligence.
This is anonymized data and insights that each Coupa customer is able to benchmark itself off the community and industry.
With Coupa Catalogs, companies are able to use Coupa's software platform as a shopping and catalog management front end to their ERP-based procurement system.
The former makes it easier for companies to run sourcing events with suppliers to save money. The company is headquartered in San Mateo, California with offices throughout Europe, Latin America, and Asia Pacific. Coupa Community Intelligence allows customers on the platform to benchmark themselves to others in their industry using normalized and anonymous data pulled from the collective categorized spend running through Coupa's BSM platform. Main competitors in this arena include Tradeshift, Ariba, Tipalti and Ivalua, Inc.
Coupa Software is a global technology platform for Business Spend Management (BSM). As of 2018, Coupa indicated it had 700+ customers worldwide in 40 countries and in 150 currencies, including Concentrix, In October 2014, Coupa and NetSuite (NYSE: N) announced a strategic partnership to jointly market the Coupa Cloud Procurement and Expense Management SuiteApp built for NetSuite.In 2011, Coupa was named a Cool Vendor in Procurement and Sourcing by In October 2016, Coupa Software went public on the Nasdaq, trading as COUP. Coupa provides recommendations on a transactional level. In May 2013, Coupa introduced applications Coupa Sourcing and Coupa Catalogs.
It raised over $133 million on its first day of trading. The company helps large companies gain visibility into, and control over, the money and resources spent within their organizations. The Coupa BSM platform leverages collective insights from normalized data pulled from all customers. Coupa's Cloud Spend Optimization SaaS product manages indirect purchases, invoices and expenses in real-time.In August 2012, Coupa added an application called Coupa Contracts to its software suite. Companies can use the contracts repository to access their approved contracts and to leverage their negotiated pricing at the time of purchasing.
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