San Mateo, CA (PRWEB) February 22, 2010 — Coupa Software, developer of the category-disrupting e-procurement solution for business leaders dissatisfied with purchasing applications that either sit on the shelf or underperform in delivering expected savings, today announced the introduction of an Expense Management product that adds expense reporting and auditing capabilities to the Coupa Cloud Spend Management platform. With Coupa, companies can control 100% of their indirect spend through one platform, providing unparalleled visibility into, and control over, company spending.

Coupa will be demonstrating the new capabilities of the Feb ‘10 release in a webcast on February 25th. Registration is complimentary.

Connecting All Sources of Spending in the Cloud for Better Control, and Greater Savings

Coupa Cloud Spend Management delivers the best e-procurement and expense management capabilities in a single solution that is easier to use, faster to configure and deploy, and more cost-effective than anything available today. The platform features a single user interface, a single workflow model for approving purchases and reimbursable expenses, one underlying chart of accounts, one set of budget entries against which to credit purchases and expenses, consolidated dashboards for unparalleled visibility into non-payroll spending, and dozens of operational benchmarks to compare your organization’s performance against other companies transacting through the Coupa platform.

Analysts briefed on Coupa Cloud Spend Management offered these insights and comments:

• Chris Dwyer, Research Analyst, Aberdeen Group – “It’s not often you call enterprise software ‘hip’, but it’s a description that fits Coupa’s new Cloud Spend Management platform. The timing for this solution is ideal – given the current economic environment, I suspect demand will be high for this unique solution to how companies manage their non-payroll spending. It’s easy to use, controls all purchasing and expense reporting processes from one system, and includes intuitive audit scoring, dashboarding and benchmarking capabilities, all capabilities that will play very well in 2010, a year in which enterprises will more strategically attack their non-payroll and expense management spending.”
• Mickey North Rizza, Research Director, Gartner – “A cloud spend management platform including expense management execution and reporting and auditing capabilities, provides companies with a very real opportunity to manage and control all indirect spend from one application. Add to this platform real-time analytics and cross-company benchmarking, the cloud spend management application quickly becomes procurement’s best friend.”
• Robert Kugel, Senior Vice President & Research Director, Ventana Research – “Most spend management applications follow an accounting ledger-structured view of the world that prevents people from working the way they normally would. Coupa, on the other hand, has tried to provide an application that operates the way people naturally behave so that they will want to use it. This is even more the case with the latest version of the software, which now includes purchases and expenses, giving organizations a real opportunity to control all indirect spend from a single system. Achieving broad, consistent use of spend management software has been a challenge for companies. High utilization is a key driver for realizing value from spend management software because it enables corporations to save money through greater spending control. It also enhances management effectiveness by giving them greater visibility into future spending commitments.”
• Jason Busch, Editor of Spend Matters – “With its latest release and capabilities, Coupa is moving up-market while not ignoring its core small and middle market procurement constituents. The greater the level of enabling services and insight that companies can deliver as part of a non-installed software approach, the greater the value the solution will generate from savings, compliance and process improvement perspectives. Moreover, Spend Matters research suggest that benchmarking, analytics and data visualization capabilities are becoming the ante to deliver the next generation of procure-to-pay solutions in the Spend Management market. In addition, the combination of T&E capabilities with core procurement makes fundamental sense for middle-market organizations that do not require highly specialized solutions.”
• Jeffrey M. Kaplan, Managing Director of THINKstrategies and Founder of the SaaS Showplace – “In today’s increasingly challenging economic environment, it is essential for organizations of all sizes to more carefully control their spending. Coupa is building on the success of its e-Procurement capabilities to offer its customers an integrated Cloud Spend Management platform which can help them better manage a broader array of their ongoing expenditures.”

The new Expense Management capabilities introduced as part of Coupa’s Feb ’10 release allow customers to:

• Audit expense reports based on likelihood of fraudulent or excessive spending behavior. Coupa Expense Management removes the need for an “all or nothing” approach to expense report verification. Coupa automatically scores each and every expense report, and employee, to identify suspect or fraudulent patterns that warrant further attention from the accounting department and employee managers. Each expense report is assigned an intelligent audit score based on the employee’s historical patterns and details of the current report – the higher the score, the higher the risk of non-compliance with the company’s expense management guidelines.
• Flip approved requisitions into pre-approved line items on employee expense reports. With Coupa, an employee can execute a simple search from within the company’s cloud spend management application for an item she needs to do her job, find the item on Amazon.com at very reasonable cost, and pull it into a requisition that her manager then reviews and approves from her iPhone. The employee is notified that her requisition is approved, and is directed back to Amazon.com to complete the transaction. The completed purchase is then automatically entered into an expense report as a pre-approved line item, and credited to the proper account and budget period, making it much easier for managers to control spending and stay within budget.
• Influence desired employee behavior and develop a culture of smarter spending. With Coupa, you can embed intelligence into your expense management processes to encourage the right employee behavior and eliminate abuses like the employee who knows the per-meal allowance is $25 and submits every meal expense for $24.95. Coupa analyzes each expense report line item as they are entered to determine if it deviates from the category norm. If it’s well below the norm, the employee is recognized with a ‘thanks for being frugal’ message, reinforcing behavior that saves the company money. If it’s too far above the norm, though, Coupa will alert that employee that the cost for the expensed item either exceeds the allowable limit or ‘seems a little high.’ The algorithms that control the notifications are dynamic and move with category averages, making it much harder for employees to manipulate.

“We are extremely excited by the heavy demand for Coupa’s Cloud Spend Management offering by our existing customers, and the growing interest in our expanding offering from companies around the world,” said Rob Bernshteyn, Coupa’s CEO. “The opportunity to leverage one cloud application suite for managing all indirect spend in an easy to use, rapid to deploy, and cost-effective fashion is here; and Coupa is delivering it.”

About Coupa Software
Coupa is the leading provider of cloud spend management (CSM) solutions that help companies control their indirect spending and generate savings that go direct to the bottom line. Coupa combines the best e-procurement and expense management capabilities in a single solution that is easier to use, faster to configure and deploy, and more cost-effective than anything available today. With deep domain knowledge in e-procurement and expense management, a best-in-class cloud computing platform, a fast-growing community of customers, and industry-first innovations like real-time benchmarking, intelligent expense report auditing, and crowd sourcing great deals on the Web, Coupa is leading the way in helping companies spend smarter and save more. For more information please visit, http://www.coupa.com or call 650.931.3200.

In a true David and Goliath tale of enterprise spend management software providers, upstart Coupa Software yesterday launched a new marketing campaign to raise awareness for the business benefits of cloud-based e-procurement solutions, differentiate itself from the competition, and invite companies to take advantage of limited-time offers designed to help companies spend smarter and save more.

Featuring Coupa Sam, Spend Samurai and SpendGuy, a tired anti-hero – in a series of comic commercials that emphasize common business purchasing frustrations, the Schooling SpendGuy series introduces cloud computing innovations with substantial impact on how businesses control their indirect purchasing. The first episode of the series, Jumping Through Hoops, tackles the unnecessary complexities and hurdles employees often face attempting to requisition the items they need to do their jobs.

Inspired in part by rising demand for alternatives to existing e-procurement solutions, the Schooling SpendGuy site features a product comparison matrix that contrasts Coupa’s cloud-based e-procurement solution against the comparable product from its largest competitor.

The campaign includes two limited-time only special offers for companies interested in making the transition to the Coupa’s cloud spend management solution:

a complimentary migration assessment for any company that wants to consider Coupa in lieu of a potentially expensive upgrade with their existing solution provider

a full year of Coupa Expense Management (part of the upcoming Winter ‘10 release), for a limited number of users, with any new annual subscription to Coupa e-Procurement

For more information on the Schooling SpendGuy campaign, and how to take advantage of Coupa’s special offers, please visit:
http://www.coupa.com/resources/product-compare/schooling-spendguy/

The clouds of change are coming. For business leaders responsible for spend management, the cloud will provide a powerful alternative to traditional, on-premise solutions. An alternative that will empower them with greater spend controls, more efficient processing, and the ability to effectively drive significant company-wide savings.

Cloud Spend Management – The next generation of purchasing and expense control
Date: Thursday, February 25, 2010
Time: 11:00 a.m. Pacific / 2:00 p.m. Eastern
Duration: 60 minutes
Register Now!

During this live, one-hour event, you will discover:

• how the cloud is transforming spend management solutions and driving 100% adoption by being easier, faster and more efficient than any other solution available.
• the true power of the cloud and how it can save millions by increasing spend visibility, cost control and eliminating the need for costly technologies to install or maintain.
• how Coupa’s new cloud spend management platform is bringing together procurement and expense management capabilities, while supporting seamless integration with other financial management solutions to deliver a single platform for all your indirect spend management needs.

There is no cost to attend either webinar, and recordings will be made available to registrants unable to attend the live sessions.

This happens to me all the time…I’ll go into a new store with the intention of buying something and there are so many awesome items that I actually end up leaving without having bought anything.

In today’s society, we’ve got more choices than ever before. If I go to Amazon.com I can choose from over 1000 different HDMI cables without any clear indication of the differences between them. Previously getting married and having children was not even a question – these days everything is a choice.

The general consensus up to now has been that the more choices we have the happier we’ll be – but according to Barry Schwartz’s Paradox of Choice we have, in fact, the opposite. All of these choices are a good thing – but at a certain point they start to become poisonous. Here are some downsides to our multitude of choices:

• Paralysis: You have so many options that you can’t make a choice.
  • Study: A grocery store tested out a food sampling strategy by alternating allowing customers to sample 24 flavors of jam vs 6. With the larger sampling – more people came to the table, but 1/10 as many people actually bought the jam.
  • Study: For every 10 mutual funds that are through a retirement account, employee’s participation in a 401(k) plan goes down 2%. They have so many choices, it’s even causing them to turn down free money.
• Decision Quality: When we have too many choices our original decision criteria go away and we tend towards the most simple.
  • Study: If you ask people in advance what they care most about a romantic partner – they will tell you many things that matter to them. They want someone who is smart, interesting, makes them laugh, kind, etc. After they evaluate 12 people against their criteria, they find it more difficult and end up simplifying it down to “how hot is he?”. They learn when they wake up the next morning that the criteria that are most simple aren’t the ones that end up mattering the most.
• Capability vs. Usability: People don’t know what’s good for them.
  • Study: People had to rate digital CD players. They were shown 3 players with 7, 14, and 21 features. At first, they were asked which they would prefer and clearly most of them chose the one with the most features. The people were then given the CD player with 21 features to play with for a while and were prompted again for a choice between the 3 options. They all chose the player with the 7 features. They all chose usability.

Most people don’t know what’s good for them. When people ask for certain features, I like to think about the reasons behind that request–maybe that particular feature is just a symptom of a different problem. Also, I think about whether this feature will actually add or detract from the application overall. Just because a user suggests a feature doesn’t mean they actually need it.

What does this mean for UI design? The more features an application has, the harder it is to hone in on getting a particular task completed. The Oracles and Aribas of this world have giant, custom applications that have every feature anyone has ever thought of (and more). Talk to anyone you know that uses these bloated apps and they’ll tell you how complex it can be.

The key is to come up with the most important features to get the job done and execute them correctly. Make it as simple as possible to get from the beginning of a flow to the end. Most importantly – the more decisions a user has to make on the homepage, the less likely they are to complete their intended flow. At each decision point, you will see a significant drop off in users. Tightening up all of the user flows will ensure people can make it all the way through to the desired result.

San Mateo, CA & Berwyn, PA – January 12, 2010 — Coupa Software, the leading provider of on-demand purchasing software to control business spending and costs, today announced a partnership with Boomi, the Integration Cloud Company, that will enable Coupa customers to quickly and easily automate their entire procure-to-pay process by integrating the company’s e-Procurement application directly with enterprise resource planning (ERP) or accounts payable systems. Boomi allows Coupa e-Procurement to connect directly to popular enterprise resource planning (ERP) and financial systems from vendors such as Microsoft, Oracle, SAP and NetSuite, as well as custom applications and customer databases.

The partnership creates end-to-end integration and interoperability across 60+ SaaS and on-premise applications in the Boomi AtomSphere, the industry’s first integration Platform-as-a-Service, and effectively allows Coupa to solve the integration challenge on behalf of their customers. Businesses using Coupa can now match invoices to purchase orders, confirm item receipt and provide timely payment to suppliers seamlessly through several applications.

Additionally, Coupa has leveraged the AtomSphere platform to develop and embed a pre-built integration widget for MS Dynamics within Coupa’s solution. Coupa users can configure and deploy this Boomi Widget without any support from their IT departments.The widget contains the rules and logic of the integration, as well as a wizard to walk users through the setup process of the integration step-by-step . Coupa plans to develop additional widgets to best-of-breed ERP and financial applications in early 2010.

“It was imperative to us that we did not have to build the integration between Coupa and Microsoft Dynamics GP,” said Steve Ferguson, CFO of Prospect Education, a Coupa customer. “The Boomi Widget really simplified the integration process. We now have all suppliers, accounts, and invoices flowing seamlessly between our accounting and e-procurement systems. This integration between Coupa and Microsoft Dynamics ensures changes to supplier or accounting information on either system is synchronized and the data flow is automatic. This functionality has accelerated our ability to show a return on our investment in Coupa.”

Rob Bernshteyn, Coupa CEO, added, “Companies understand that increasing spend under management and capturing greater savings is most easily accomplished through software optimized for managing the procure-to-pay process in ways that ERP systems cannot. At the same time, it’s important for the purchasing platform to be integrated with the accounting package. Our partnership with Boomi gives our customers the best of both worlds – a next generation e-procurement platform from which to capture savings of 10 percent or more, and tight integration to the accounting packages on which they have already standardized. It’s a win-win for everyone involved.”

Boomi’s CEO Bob Moul said, “Our partnership with Coupa exemplifies the power of pure SaaS technology to deliver deliver superior capabilities and rapid ROI to enterprise customers. We’re proving that enterprise-class applications can be delivered fully integrated from the cloud at a fraction of the cost, complexity, and time of conventional software and integration products.”

About Coupa Software
Coupa is the leading on-demand provider of solutions that control and streamline purchasing for organizations large and small. Coupa e-Procurement delivers an easy to use, fast to deploy and affordable solution for requisitioning, approval management, purchase orders, RFQs, inventory and invoicing, with no hardware to buy or software to license. With deep domain knowledge in e-procurement, a best-in-class software-as-a-service platform, and a fast-growing community of customers doing business with over 35,000 suppliers, Coupa enables smarter spending practices that empower companies to save money quickly. For more information please visit www.coupa.com or call 650.931.3200.

About Boomi
Boomi is the market-leading provider of on-demand integration technology and the creator of AtomSphere, the industry’s first integration platform-as-a-service. AtomSphere connects providers and consumers of SaaS and on-premise applications via a pure SaaS integration platform that does not require software or appliances. ISVs and businesses alike benefit by connecting to the industry’s largest network of SaaS, PaaS, on-premise and cloud computing environments in a seamless and fully self-service model. Leading SaaS players such as salesforce.com, NetSuite, Intuit, Marketo, Taleo, and Zuora rely on AtomSphere to accelerate time to market, increase sales, and eliminate the headaches associated with integration. Recent Boomi awards include the SIIA CODiE for Best On-Demand Platform; the AlwaysOn East 100; the AlwaysOn Global 250; and the JMP Securities Hot 100. For more information about Boomi, visit www.boomi.com.

Coupa Contact:
Jason Hekl
Coupa Software
(650) 931-3200

Boomi Contact:
Kevin H. King
Horn Group
(646) 202-9781

San Mateo, CA (PRWEB) January 7, 2010 — Coupa Software, developer of the category-disrupting e-procurement solution for business leaders dissatisfied with purchasing applications that either sit on the shelf or underperform in delivering expected savings, today announced record results for 2009:

“I expect this Internet savvy e-procurement company to change the way procurement is done online,” said Mickey North Rizza, Research Director at AMR Research. “Coupa is definitely one to watch in 2010.”

New customers include businesses of all sizes, affirming the universal appeal of the Coupa e-Procurement platform, in both domestic and foreign markets. Among the dozens of new customers signed in 2009 are organizations as varied as Chubb Insurance, Tesco, The South Financial Group, The Limited, Flextronics, ON24, Websense, Taleo, Appleton Paper, Better World Books, Woodruff Arts Center, Prospect Education, and California Academy of Sciences.

They join a growing group of organizations that have been wildly successful with their Coupa implementations. Here is what a few of them had to say about Coupa:

Leading the e-Procurement Category with Product Innovation

As the only true multi-tenant software-as-a-service (SaaS) e-procurement solution, Coupa distinguishes itself from the competition with unmatched usability and disruptive innovations. New high-impact features introduced in 2009 include:

Coupa’s growth, innovation and vocal customer successes attracted wide industry attention in 2009. Coupa was named a winner of the Best of SaaS Showplace (BoSS) award from THINKStrategies, and included on JMP Securities’ Hot 100: Best Privately Held Software Companies list.

Unparalleled Cloud Computing Performance

Coupa’s e-Procurement solution is delivered entirely on-demand. Proving that cloud-based applications are every bit as reliable and scalable as premise-based applications behind the firewall, Coupa achieved uptime performance of greater than 99.99% for the year, including 100% for the last four months of the year. In addition, Coupa achieved SAS 70 Type I and II certifications in 2009, a significant accomplishment for any SaaS solution provider.

Other Highlights

As part of its expansion, Coupa recruited and hired senior executives in 2009. New CEO Rob Bernshteyn (formerly global vice president of product marketing and management at SuccessFactors) joined in January and Executive Vice President of Sales Gary Hanna (formerly executive vice president enterprise sales at Salesforce.com) joined in May. Coupa also raised $7.5M in a Series C funding round in August led by new investor El Dorado Ventures (EDV). Existing investors Battery Ventures and Blue Run Ventures also participated in the round.

“In a tough economy where organizations are looking for ways to spend smarter and save money, Coupa’s innovative, and cost-effective cloud based spend management platform has delivered ,” added Rob Bernshteyn, CEO of Coupa Software. “We are excited to see customers of all sizes and industries embrace Coupa; and we are committed to their success in achieving ongoing real bottom line impact for their organizations.”

About Coupa Software

Coupa is the leading on-demand provider of solutions that control and streamline purchasing for organizations large and small. Coupa e-Procurement delivers an easy to use, fast to deploy and affordable solution for requisitioning, approval management, purchase orders, RFQs, inventory and invoicing, with no hardware to buy or software to license. With deep domain knowledge in e-procurement, a best-in-class software-as-a-service platform, and a fast-growing community of customers doing business with over 35,000 suppliers, Coupa enables smarter spending practices that empower companies to save money quickly. For more information please visit, http://www.coupa.com or call 650.931.3200.

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San Mateo, CA – November 30, 2009 – Two customers. Two examples of companies using Coupa e-Procurement to practice smarter spending to great effect. Two live webinars to dive into the details. Two full hours to learn from whip-smart practitioners from The Container Store and Reebok-CCM on exactly what they are doing to drive performance from the purchasing function at their respective organizations.

Containing Costs at The Container Store – A Lesson in Smarter Spending

Date: Thursday, December 10, 2009
Time: 2:00 p.m. EST / 11:00 a.m. PST
Duration: 60 minutes

Register Now

Attend and learn how The Container Store is:

Urgent Purchasing: How One Procurement Professional Took Matters into his Own Hands to Get Spend Under Control

Date: Wednesday, December 16, 2009
Time: 2:00 p.m. EST / 11:00 a.m. PST
Duration: 60 minutes

Register Now

Attend and learn how the director of central purchasing at Reebok-CCM:

There is no cost to attend either webinar, and recordings will be made available to registrants unable to attend the live sessions.

San Mateo, Calif. – October 7, 2009 – Coupa Software, the leading provider of on-demand purchasing software to control business spending and costs, announced today its marketing partnership with U.S. Communities^TM Government Purchasing Alliance (U.S. Communities), a nonprofit instrumentality of government that assists local and state government agencies, school districts, higher education and nonprofit organizations pool their purchasing power nationwide.

Through this partnership, public agencies will have the ability to purchase against U.S. Communities contracts through the Coupa e-Procurement platform, and connect with those participating in the Coupa Supplier Network – a rapidly growing community of technology, retail, and service suppliers – to take advantage of competitive pricing and integrated processes.

“We are committed to providing public agencies and nonprofit organizations with competitive contracts that leverage the purchasing power of our participants,” said Chris Mellis, Director at U.S. Communities. “Now with Coupa e-Procurement, agencies have the ability to easily take advantage of U.S. Communities contracts and automate the end-to-end procurement process through Coupa’s intuitive, SaaS solution.”

U.S. Communities has more than 37,000 participating public agencies that spend more than $1.4. billion each year on goods and services purchased through its contracts with world-class suppliers. The Coupa partnership will benefit both buyers and suppliers by enabling them to save through contract pricing, reduce overhead costs through more efficient requisition and invoice processing and build long term satisfaction through improved relationships.

“In these tough economic times, where public agencies are seeing their funding diminish, it is becoming increasingly important to effectively control spend,” said Rob Bernshteyn, CEO at Coupa Software. “With several nonprofit and higher education agencies already achieving success with Coupa e-Procurement, we wanted to extend this ability to all public agencies. By partnering with U.S. Communities, public agencies will have the opportunity to easily connect and work with suppliers through a fully integrated, single solution.”

About U.S. Communities

U.S. Communities^TM Government Purchasing Alliance is a nonprofit that assists local and state government agencies, school districts (K-12), higher education, and nonprofits in reducing the cost of purchased goods through pooling the purchasing power of public agencies nationwide. Today more than 37,000 public agencies utilize U.S. Communities contracts and suppliers to procure more that 1.4 billion dollars in products and services annually. For more information please visit, http://www.uscommunities.org/ or call 866.472.7467.

About Coupa Software

Coupa is the leading on-demand provider of solutions that control and streamline purchasing for organizations beyond the Fortune 500. Coupa e-Procurement delivers a simple, quick and affordable solution for requisitioning, purchase orders, RFQs, inventory and invoicing, with no hardware to buy or software to license. With deep domain knowledge in e-procurement, a best-in-class software-as-a-service platform, a network of more than 2,300 suppliers, and a fast-growing community of customers, Coupa enables smarter spending practices that allow companies to save money quickly. For more information please visit, http://www.coupa.com/ or call 650.931.3200

San Mateo, Calif. – September 1, 2009 – Coupa Software Inc., developer of on-demand e-procurement software that helps companies control spending and generate savings, today announced the completion of a $7.5 million Series C financing round led by El Dorado Ventures, an early-stage investor in disruptive technologies and business models in emerging and high-growth markets.  Previous investors Blue Run Ventures and Battery Ventures, both of Menlo Park, California, also participated in the round.

“Other e-procurement solutions are undifferentiated,” said Charles Beeler, a general partner at El Dorado, “that’s not the case with Coupa Software.  Their approach provides companies with ‘predictive spend dashboards’, ‘crowd sourcing’, and ’spend benchmarking’, which should be extremely compelling to any company interested in finding additional ways to save money.”

Coupa’s cloud-based e-procurement platform proves you do not need a lot of money, time and IT resources to instill discipline and control into a company’s purchasing processes.  With usability that rivals that of consumer shopping sites, and affordable subscription-based pricing, Coupa brings spend control, automation, efficiency, and savings to companies trying to cut costs.

Beeler added, “El Dorado is actively investing in businesses that have an important role to play in the economic recovery.  Coupa is well positioned to help companies find savings opportunities in the final frontier of spend control – indirect spending.”

Earlier this summer, Coupa Software announced several unique innovations as part of its July release, including:

• Predictive Spend Dashboards – new spending dashboards provide real-time insight into corporate spending, and forecast spending into the future.
• Coupa iRequest and Coupa iBuy - now the employee permission-based requisition and ordering process is as easy as shopping on Amazon, but with all the controls of robust review and approval workflows
• Transactional benchmarking – Going one step further than survey-driven benchmarks to use actual transactional data, Coupa customers can opt in to a program that compares their performance on 18 key performance indicators against that of the market.
• Integration to QuickBooks – now smaller customers can connect their purchasing system to Quickbooks as part of Coupa’s Quickstart configuration wizard.
• Tweet Your RFQs – promote your RFQs and reach more suppliers through Twitter

“The addition of El Dorado Ventures as investors further validates Coupa’s mission of helping companies spend smarter in these tough economic times,” said Rob Bernshteyn, CEO of Coupa. “Today, Coupa delivers the easiest to use, quickest to implement, and most cost-effective spend management solution on the market.  With this funding round, we will continue to execute on our business plan here in the U.S. and worldwide.”

Beeler will join Coupa’s board of directors alongside current board members Rob Bernshteyn, Coupa CEO; Dave Stephens, Coupa co-founder; Mark Sherman, managing director at Battery Ventures; and Jonathan Ebinger of Blue Run Ventures.

About Coupa Software

Coupa is the leading on-demand provider of solutions that control and streamline purchasing for organizations beyond the Fortune 500.  Coupa e-Procurement delivers an easy to use, fast to deploy and affordable solution for requisitioning, purchase orders, RFQs, inventory and invoicing, with no hardware to buy or software to license. With deep domain knowledge in e-procurement, a best-in-class software-as-a-service platform, a network of more than 2,300 suppliers, and a fast-growing community of customers, Coupa enables smarter spending practices that allow companies to save money quickly. For more information, please visit http://www.coupa.com or call +1.650.931.3200.

About El Dorado Ventures

El Dorado Ventures (EDV) is a leading entrepreneur-focused, early-stage venture capital firm with over two decades of success. Entrepreneurs see EDV as a trusted investment partner who shares their vision and helps them succeed by providing ongoing strategic guidance and access to a wealth of industry contacts. With $750 million in capital under management, the firm invests in disruptive technologies and business models in emerging and high-growth markets, across a broad range of sectors including software, technology-enabled services, communications and emerging technology. El Dorado’s early-stage investments have included Compellent Technologies, Cyras Systems, EarthLink, Efficient Networks, Novellus and NuSpeed Internet Systems. Numerous EDV portfolio companies have gone public or been acquired by major technology companies including AT&T, Ciena, Cisco Systems, nVidia, Siemens, Texas Instruments and Yahoo. For more information, please visit http://www.eldorado.com”>www.eldorado.com.

San Mateo, Calif. – August 11, 2009 – Coupa Software, developer of category-disrupting on-demand e-procurement solutions, announced today that Coupa E-Procurement has earned Intuit’s Silver Application Status and is now a featured product in the Intuit Solutions Marketplace.  Coupa e-Procurement is integrated with QuickBooks, the world’s #1 small business financial software.

With certification, QuickBooks customers can now use Coupa e-Procurement, an easy-to-use, subscription-based e-procurement , to eliminate the manual, paper-based tasks of requisition and purchase order processing. “Using just an Internet browser, Coupa e-Procurement gives QuickBooks customers the ability to match invoices to the appropriate requisitions, approvals and purchase orders, eliminating rekeying and errors in the payment process,” said Rob Bernshteyn, CEO of Coupa Software. “With Coupa, QuickBooks customers can enjoy enterprise-class spend control features, without the cost or complexity of more expensive packages from traditional ERP software providers.”

Available now as a free trial from Intuit’s Marketplace (http://marketplace.intuit.com), Coupa e-Procurement offers a fresh take on e-procurement with a subscription-based solution that is fast-to-deploy, easy to use, and an affordable alternative to e-procurement applications from larger enterprise software companies.

About Coupa Software

Coupa is the leading on-demand provider of solutions that control and streamline purchasing for organizations beyond the Fortune 500. Coupa e-Procurement delivers an easy to use, fast to deploy and affordable solution for requisitioning, purchase orders, RFQs, inventory and invoicing, with no hardware to buy or software to license. With deep domain knowledge in e-procurement, a best-in-class software-as-a-service platform, a network of more than 2,300 suppliers, and a fast-growing community of customers, Coupa enables smarter spending practices that allow companies to save money quickly.

For more information, including a demonstration of how easy it is to configure synchronization between Coupa and QuickBooks, please visit the Coupa Quickstart innovation page, or call +1.650.931.3200.

QuickBooks is a registered trademark of Intuit, Inc.