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Coupa Announces New Product Innovations for the Business Spend Management Community to Spend Smarter Together

November 6, 2019 GMT
Coupa Software (PRNewsfoto/Coupa Software)
Coupa Software (PRNewsfoto/Coupa Software)

LONDON, Nov. 6, 2019 /PRNewswire/ -- At its annual Inspire′19 conference in London, Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), announced new product innovations that extend the capabilities of its cloud-based platform for businesses to manage all their spend in one place. Amid global economic uncertainty, Coupa’s latest innovations empower businesses with the visibility, control, and agility to spend smarter together.

“Now more than ever, businesses need a comprehensive platform to effectively manage all of their business spend so they can respond swiftly and smartly to any competitive or economic pressure,” said Raja Hammoud, executive vice president of products at Coupa. “The innovations that we announced today - conceived with and by the BSM community - are designed to help businesses learn, share, and collaborate, and get the spend control they need to thrive at all times.”

Harnessing ‘Community’ for Smarter Spending
Since its beginning, Coupa uniquely recognized the power of ‘community’ to help companies uncover new ways to strategically manage their spend. Purpose-built, the Coupa BSM Platform brings together a global community of businesses to collaborate with one another, and to leverage prescriptive insights from more than $1.3 trillion in cumulative business spend.

Enhancing the User Experience in a Comprehensive Platform
The foundation of spending smarter is a comprehensive, user-centric platform that makes it easier for everyone in an organization to manage all aspects of business spend, from source to settle. This means delivering a unified, consumerlike experience across all areas of spend that enables employees to rapidly adopt and obtain value from new capabilities offered on the Coupa BSM Platform, such as advanced contract lifecycle management and payments, without the feeling of learning a new application.

Extending its Open Platform Vision
With the breadth of processes and systems involved, ranging from multiple ERPs to risk data, and more, effectively managing spend requires an open platform that can quickly and easily connect to and unify these disparate systems into a streamlined spend management process. Coupa’s open platform makes it simpler, faster, and more agile to connect to an ecosystem of market-leading technology partners to give businesses a single, unified destination to comprehensively manage spend.

“We are pleased to partner with Coupa to provide companies a simpler way to manage their corporate travel and expenses,” said Vasken Tokatlian, head of partnerships and alliances, corporations, travel channels at Amadeus. “Our joint customers now have a streamlined, consumerlike experience to manage travel and expenses all in one platform, enabling them to maximize the value of every dollar spent. Amadeus is committed to power smarter business travel for corporations and travelers around the world and this partnership with Coupa is a testament to our vision.”

To learn more about these new capabilities, please visit https://www.coupa.com/.

About Coupa Software
Coupa Software is a leading provider of BSM solutions. We offer a comprehensive, cloud-based BSM platform that has connected hundreds of organizations with more than five million suppliers globally. Our platform provides greater visibility into and control over how companies spend money. Using our platform, businesses are able to achieve real, measurable value and savings that drive their profitability. Learn more at https://www.coupa.com/. Read more on the Coupa blog or follow @Coupa on Twitter.

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SOURCE Coupa Software