Coupa News

We are stirring things up and people seem to like it. See what the world has to say about Coupa’s spend management platform.

Media Contacts: Orlando DeBruce || Sr. Director, Public Relations || orlando.debruce@coupa.com|| 510-268-3700
Amy Wall || Sr. Director, Public Relations || amy.wall@coupa.com || 408-483-1699


July 21, 2015 | Phil Wainewright | Diginomica

Juniper Networks refocuses spend management strategy

With its global roll-out of Coupa software, Juniper Networks has a new spend management strategy that focuses on high-value contracts.

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July 13, 2015 | Xavier Olivera | Spend Matters

Spend Matters 50/50: Coupa – A Provider to Know in 2015

Coupa is one of our 50 Providers to Know. We will be highlighting all 100 companies (50 to Know, 50 to Watch) in our 2015 Spend Matters Almanac over the span of 100 days. Practitioners are encouraged to browse the categories listed in our Almanac to find the provider that best fits their needs.

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July 13, 2015 | Trevor Clawson | Forbes

Scaling Up And Into Europe - Coupa Banks On Core Values As Dublin Office Opens

A city isn’t a city without its ‘silicon’ district. London has Silicon Roundabout (opening out to Tech City), New York has Silicon Alley and, over in Ireland, Dublin welcomes high-tech companies to Silicon Docks.

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July 9, 2015 | Jim O'Donnell | TechTarget

SAP Business Network faces spirited challengers

SAP paid almost $15 billion for the companies that comprise its SAP Business Network, but analysts think it might not have been money well spent.

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July 8, 2015 | PYMNT.com

Coupa Buyout Tackles The Emailed Invoice

With the B2B Software-as-a-Service market booming, Coupa emerged as the industry’s latest unicorn following an $80 million funding round last month. The company offers cloud-based spend management tools for businesses and recently updated its software offerings to provide expense management and cash flow insight for both mobile and desktop platforms.

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July 7, 2015 | Gina Hall | Silicon Valley Business Journal

San Mateo's Coupa Software buys Australian company to boost Savings-as-a-Service value

Coupa Software, a cloud-based invoice management platform, acquired InvoiceSmash on Monday for an undisclosed sum.

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July 7, 2015 | Jason Busch | Spend Matters

InvoiceSmash Acquisition: Coupa Attempts to Smash Other E-Invoicing and Supplier Networks

Coupa announced Monday it had acquired InvoiceSmash, an upstart vendor from Australia that looks somewhat similar, on the surface, to the type of PDF extraction e-invoicing services offered by providers like Transcepta and Tradeshift, among others, that extract data and metadata from documents and then present them in an easy-to-leverage format from an accounts payable automation.

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July 6, 2015 | Ben Kepes | Network World

Coupa acquires InvoiceSmash to bring clarity to invoicing

As organizational processes become ever more complex, finance departments are looking for solutions to help make their lives more efficient.

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June 19, 2015 | PYMNTS.com

Coupa Enhances Enterprise Software Solution

Coupa Software, a provider of cloud spend management solutions for the B2B industry, has announced the rollout of a software upgrade, Coupa Release 13, to enhance its business capabilities.

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June 11, 2015 | Phil Wainewright | diginomica

The digital rocket heading for enterprise procure-to-pay

After a week thinking about how enterprise procure-to-pay operates I’ve realized these processes are in desperate need of radical digital transformation.

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June 9, 2015 | David McCann | CFO.com

Help Wanted: IPO-Savvy CFO

A CFO with experience taking a company public is in the catbird seat these days. As part of the same equation, it’s gut-check time for venture capital investors looking to hire a full-fledged finance chief a year or two before an anticipated IPO.

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June 1, 2015 | Heather Clancy | Fortune

Cloud software company Coupa snags $80 million to cut corporate spending

Coupa Software, a software startup that helps the likes of Salesforce, Sanofi and Swiss Re drive down procurement costs, has nearly doubled its backing with an oversubscribed $80 million round.

The financing was led by T. Rowe Price Associates along with Iconiq Capital and Premji Invest. Existing backers Crosslink Capital, Battery Ventures, and El Dorado Ventures also participated. The new money bring Coupa’s total funding to $165 million.

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June 1, 2015 | Timothy Hay | Wall Street Journal

Coupa Valued at More Than $1 Billion in New Funding Round

Coupa Software Inc., an early entrant into the now-booming market for cloud-based enterprise software, has been valued at more than $1 billion in an $80 million funding round that will help the company expand into several new overseas markets, the company said.

The oversubscribed new funding round was led by new investors T. Rowe Price Associates, Iconiq Capital and Premji Invest, the company said. Existing investorsBattery Ventures, Crosslink Capital and El Dorado Ventures joined the round, the company said.

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June 1, 2015 | Arik Hesseldahl | Re/Code

Cloud Startup Coupa Lands $80 Million Round at $1 Billion-Plus Valuation

Say hello to the latest cloud company to take an investment at a valuation of more than $1 billion. Coupa Software, a cloud startup that aims to help companies manage and control their spending, has closed an $80 million investment round.

Investment firm T. Rowe Price led the round along with Iconiq Capital, the investment firm that manages the personal fortunes of Facebook CEO Mark Zuckerberg and Twitter founder Jack Dorsey. PremjiInvest, the investment firm known for overseeing the personal wealth of Indian tech billionaire Azim Premji, also participated in the round.

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June 1, 2015 | Gina Hall | Silicon Valley Business Journal

San Mateo-based financial software company attains 'unicorn' status

Coupa Software became the latest Silicon Valley company to join the unicorn club after raising an $80 million investment round on Monday.

T. Rowe Price Associates and Iconiq Capital led the round, with participation from new investor Premji Invest and existing investors Crosslink Capital, Battery Ventures, El Dorado Ventures and Rally Ventures. Qatalyst Partners served as the exclusive placement agent to Coupa in the transaction. The company has raised more than $165 million to date and is valued at more than than $1 billion,

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June 1, 2015 | Jason Busch | Spend Matters

Coupa Valued at Over $1B in Latest Funding Round

Coupa Software, one of the leading and highest growth procurement technology suite providers, announced it raised $80 million in it latest funding round, bringing the total capital raised to over $165 million. The latest funding round was made at a post-money valuation of over $1 billion, according to the company.

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June 1, 2015 | Heather Somerville | SiliconBeat

Funding flurry: Sumo Logic, Coupa Software, Snapchat

Another day, another round of big-dollar tech funding deals.

Monday morning brought news from Sumo Logic, a cloud-based machine data analytics platform, that the Redwood City-based firm had raised $80 million. The financing round — led by DFJ Growth, and including new investor Institutional Venture Partners and existing investors Greylock Partners, Sequoia Capital, Sutter Hill Ventures and Accel Partners — brings Sumo Logic’s total venture funding to $160.5 million.

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April 16, 2015 | Business Wire | Venturebeat.com

Deloitte Selects Coupa’s Cloud-Based Spend Management Suite to Drive Bottom-Line Savings

Coupa Software, the leading provider of cloud-based spend management solutions announced today that Deloitte in Canada has deployed Coupa’s savings-as-a-service platform. Deloitte selected Coupa’s spend management suite in January 2015 to address its need for a centralized procurement process that could improve governance, reduce risk and help employees easily drive immediate savings.

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February 11, 2015 | Thomas Kase | Spend Matters

Coupa Acquires Sourcing Solutions Startup ZenPurchase

Coupa, a firm known for its successful cloud-based procure-to-pay solution (with strong source-to-settle suite aspirations) and a ferocious growth pace, has just announced the acquisition of ZenPurchase, a tiny startup with no more than a handful of employees that only saw the light of day barely 2 years ago.

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December 31st, 2014 | CIOReview.com | CIO Viewpoint

20 Most Promising Oil & Gas Technology Solution Providers

The Oil and Gas industry plays an indispensible role in facilitating business across various verticals with timely and adequate resources. Volatile market conditions, economic downswing, and increasing costs inadvertently persist as imminent challenges in the oil and gas sector. In recent times, there is a surging incidence of oil and gas companies deploying technology and software solutions such as cloud computing, virtualization applications, database services and tools for intelligent repair and monitoring. Furthermore, these solutions not just cater to the transient needs of the organizations but, also help them adhere to government regulations, reduce pollution and wastage that damage environment and human health, conserve resources and operational expenditure. However, many CIOs find it extremely challenging to navigate into the complex and fragmented oil and gas landscape when looking for service providers to aid them with consulting, implementation, and support.

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December 18th, 2014 | Derek du Preez | Diginomica

TD Direct Investing rolls out Coupa to get to grips with spending

TD Direct Investing has rolled out Coupa to get to grips with its spending – savings are being made and procurement is getting control of costs as a result TD Direct Investing is a UK-based offshoot of the very large Toronto Dominion Bank in North America and provides online share trading to customers. Although TD Direct, by its very nature, is very used to handling and managing all things money related – up until a couple of years ago its internal spend management systems were in desperate need of an overhaul. Senior relationship manager at TD, Jon Utley, who looks after all third-party relationships, procurement, vendor management and contract management, explains that when he joined the procurement team it was very small and all procurement processes were carried out manually using Excel.

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October 21st, 2014 | Nancy Clinton | Spend Matters UK/Europe

Coupa Inspire EMEA — Announcements and Customer Comments

In part two of our review (see part 1 here) of last week’s Coupa Inspire event, we look at the important messages …

In true Coupa style, they made the most of the opportunity to coincide their first EMEA user conference with some big announcements, sending the press releases out that morning.

Firstly: Coupa EMEA posts record growth as global enterprises and partners embrace the Coupa Cloud Suite. EMEA is Coupa’s fastest-growing region with 250% YOY revenue growth, 9 new partners in one quarter, a worldwide customer support centre in Dublin to support EMEA operations and

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October 20th, 2014 | Nancy Clinton | Spend Matters UK/Europe

Coupa Inspire EMEA and 3 Announcements: Record Growth, Version 12 and a New Partner

Now, I would normally tweet live from an event, but at Coupa Inspire on Thursday last week there was so much to take in, visuals, music (loved the music, especially Alex Kleiner giving his keynote address to – who’d have thought – Metallica), lights, buzz, and more customers taking the stage than I’ve ever witnessed before, that I genuinely didn’t get time. It really did feel a bit like being on a set: “Lights! Camera! Sound! Action! and then the whole thing exploded! In fact there is so much to report back on, that you may have to look out for some additional posts

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October 17, 2014 | Derek du Preez | diginomica

Coupa and NetSuite form ‘unique’ selling partnership

Going forward, NetSuite users will be able to access a custom built version of the Coupa Cloud Procurement and Expense Management SuiteApp. Businesses can use the app to improve spend visibility and use the insights gleaned to improve purchasing decisions and realize savings.

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October 17, 2014 | PYMNTS | PYMNTS.com

Coupa and NetSuite Partner On Expense Management and Procurement

Going forward, NetSuite users will be able to access a custom built version of the Coupa Cloud Procurement and Expense Management SuiteApp. Businesses can use the app to improve spend visibility and use the insights gleaned to improve purchasing decisions and realize savings.

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October 9th, 2014 | ComputerWeekly.com | TechTarget

Application integration demands a light touch in the cloud

The appeal of cloud applications is irrepressible. Low capital costs, flexibility and “free” upgrades – anyone who has experienced behemoth on-premise application upgrades can be easily swayed by the appeal. 

Last year, IDC forecast that from 2013 to 2017 spending on public IT cloud services would enjoy a compound annual growth rate of 24% – five times that of the

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September 8th, 2014 | Ilene MacDonald | FierceHealthFinance

Molina Healthcare's new centralized procurement operation saves time, money

Accounts payable (AP) and the cloud may hold the secret to providing quality healthcare.

At least that's what Molina Healthcare--an organization that provides healthcare to financially vulnerable families and individuals covered by government programs--discovered when it created an in-house centralized procurement operation, a move that kept administrative costs down while it expanded staff and membership.

Rapid growth was the main reason the Long Beach, California-based organization, which offers health plans in nine states and has medical clinics in California, Florida, New Mexico, Virginia, Washington and Utah, decided to centralize the process, Bryce Berg, vice president of corporate administration (pictured right), told FierceHealthFinance in an exclusive interview.

When Berg came to Molina in 2010, the organization was experiencing

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September 4th, 2014 | Proquest LLC | Insurance News Net

Molina Healthcare's Bryce Berg Gets Coupa Innovation Leaders Award

Coupa Software reported that Bryce Berg, Molina Healthcare's Vice President of Corporate Administration, has won Coupa's Innovation Leaders Award in Healthcare.

The company said that the award recognizes Berg's successful transformation of Molina's procurement sourcing and invoicing processes, an initiative that has facilitated Molina's growth.

According to a release from the company, the Coupa Innovation Leaders Award recognizes

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September 2nd, 2014 | Stuart Lauchlan | Diginomica

Coupa’s Irish eyes are smiling as global customer support moves to Europe

California-based spend management firm Coupa is shifting its global customer support operation to Dublin, Ireland as it looks to be perceived as an international player

One thing the Irish government has done well is prove to be an attractive destination for US tech companies – and increasingly cloud companies in particular – to set up their European headquarters. Last week, for example, Derek highlighted Birst as being the latest to join the likes of Google and Amazon in the Emerald Isle.

But none of those firms has done what spend management firm Coupa has just done which is to route its entire global customer support operation through Dublin.

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August 20, 2014 | Business Wire | VB

Coupa Named to Inc. 500 List of America's Fastest-Growing Private Companies

Coupa Software, the leading provider of cloud solutions for finance, today announced it has been named to the Inc. 500 list for 2014. It is Coupa’s debut in the annual list, highlighting revenue growth of 1,023 percent between 2010 and 2013.

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June 25th, 2014 | Jason Busch | Spend Matters

Coupa Inventory: Expanding the P2P Value Proposition and Surrounding Core Financials

Earlier this spring, Coupa provided a briefing and demonstrated a version of its latest inventory module to Spend Matters. Coupa sells its inventory module as an add-on to core procurement but separately from accounts payable, contracts management, and other suite components. But the question remains: in its initial release, does it provide enough value to justify the added cost and modular expansion for companies using other Coupa suite components?

After seeing it, Chief Research Officer Pierre Mitchell and Managing Director Jason Busch argue in this Spend Matters PRO research brief that Coupa’s new inventory management capabilities are likely to bring the company closer to marginalizing the

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May 27th, 2014 | Paul Demery | InternetRetailer.com

An online procurement system slashes costs for a health care company

With a new online procurement system for stocking its 55 health care facilities with supplies ranging from medical equipment to cleaning supplies, Avalon Health Care is saving money while also slashing the time it takes to receive supplies.

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