Recent News & Announcements from Coupa
SAN MATEO, Calif. – August 25, 2010 – Coupa Software, the leading provider of disruptive and innovative cloud spend management (CSM) solutions, today announced the appointments of Steven Sovik as Vice President of Sales, and Tony Dawson as Vice President of Alliances.
SAN MATEO, Calif. – August 3, 2010 – Coupa Software, the leading provider of disruptive and innovative cloud spend management (CSM) solutions for squeezing savings from business operations, today announced a significant uptick in the number of retail and franchise businesses selecting Coupa to more effectively manage and control their indirect spending. Read More »
SAN MATEO, CA – Coupa Software, the leading provider of disruptive and innovative cloud spend management (CSM) solutions, today announced significant momentum spanning customer implementations, user adoption, new product enhancements and new customer acquisitions.
Coupa has experienced an astonishing 96% subscription renewal rate from active customers, with nearly 20% of revenue resulting from add-on seats to current customers expanding their deployments across their organizations. This includes accelerated adoption of the recently launched expense management product. With a single platform for managing business purchasing and expense reimbursement processes, Coupa is consistently delivering on its promise to provide companies with a smarter way to control spending – regardless of whether that spending originates with purchase orders or employee expenses. Read More »
SAN MATEO, CA – Coupa Software, the leading provider of disruptive and innovative cloud spend management (CSM) solutions, today announced that three leading enterprises, Michaels, Diagnostic Health Corporation and PGi (formerly Premier Global Services), have all deployed Coupa for e-procurement. Each deployment features robust integrations with the leading ERP systems from SAP, Oracle and PeopleSoft, underscoring Coupa’s flexibility in delivering solutions that extend existing enterprise investments to make these systems more valuable to their respective organizations.
Coupa’s enterprise grade, multi-tenant cloud platform integrates with all major ERP systems, allowing bi-directional data exchange. The combined result allows Michaels, Diagnostic Health and PGi to extend the system of record capabilities of their ERP systems with a powerful new e-procurement management solution that makes it easier for everyone in the organization to spend smarter and participate in the company’s cost savings programs. The deployments showcase Coupa’s ability to capture rich e-procurement management data and bring it back into core ERP systems to improve overall business operations. Read More »
Data Release Sets Industry Standard in Bringing an Unmatched Level of Visibility Into Corporate Spending Trends and Establishes Benchmarks for Core Spending Processes
SAN MATEO, Calif. – Coupa Software, the leading provider of disruptive and innovative cloud spend management (CSM) solutions, today released the first insights from its Cloud Spend Management Network. This is the first of an ongoing series of Coupa data releases to highlight corporate spending trends, analysis and benchmarking across a number of categories based on anonymous data aggregated from the community of Coupa customers. The ultimate vision for the Cloud Spend Management Network is to become an index of corporate spending across all categories.
At a time when companies are sticking to “do more with less” mandates and remain increasingly cognizant of being smarter and more efficient when it comes to spending, Coupa addresses procurement and expenses head on by delivering a level of visibility into spending behaviors that never existed before. Read More »
In a true David and Goliath tale of enterprise spend management software providers, upstart Coupa Software launched a marketing campaign in February 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.
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Coupa Software, maker of disruptive e-procurement and smarter expense management software for helping companies control their spending, today announced its fifth consecutive quarter of net new bookings growth and overall record results, despite softness in the overall economy. New bookings for the quarter ended March 31st were 281% of the new bookings for the same period last year. Spend through the Coupa e-procurement platform accelerated throughout the quarter; with more than 1.5 million transactions exceeding hundreds of millions in spend. Subscription renewal rate for the quarter was 100%, with many customers adding new seats and expanding their usage of the system. Read More »
“Spend under management” and “operational efficiency” are terms too often tossed around in strategic conversations, but rarely acted upon. At a time when organizations need less talk and more action, Coupa CEO, Rob Bernshteyn, stands out as a true thought leader on how companies can capitalize on smarter spending practices in order to drive down costs and deliver real savings for their shareholders. His vision, determination and bias for action is why Rob has been named one of Supply & Demand Chain Executive Pros to Know in 2010.
“This year’s Provider Pros to Know have shown themselves to be thought-leaders in the Supply Chain industry,” said Andrew Reese, editor at Supply & Demand Chain Executive. “Highlighting the learnings that the Provider Pros to Know have taken out of the Great Recession provides our readers with a wealth of best practices that they can apply in their own supply chains, as well as insights into how leading organizations are positioning themselves for competitive advantage in the Great Recovery ahead.”
With Rob at the helm, Coupa is leading the movement to get all organizations, large and small and everything in between, to spend smarter – a priority for any organization hoping to survive the short-term economic crisis and thrive in years to come.
“The biggest challenge facing businesses today is recession survival. To respond to the downturn, most organizations have already undergone hiring and budget freezes, cut spending and ‘right-sized’ their organization,” said Rob. “But these are only temporary measures that will not ensure long-term survival. Procurement and business leaders must take this time to lay the foundation for smarter spending and seize upon savings opportunities that will have a lasting impact into the future.”
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.
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.
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.
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. Read More »
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.
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.”
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.
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. CommunitiesTM 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.
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.
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.
San Mateo, Calif. – August 5, 2009 – Coupa Software, developer of an on-demand e-procurement application for smarter spending, announced today that federal, state and local government agencies are invited to use Coupa e-Procurement free of charge for six months to rein in spending and establish control over inefficient procurement practices.
“When you look at the budgetary and funding challenges facing government agencies, it’s easy to become discouraged by the enormity of the problem,” said Rob Bernshteyn, CEO of Coupa Software. “But these are problems that can be remedied, and Coupa is offering to be part of the solution. With our Six Months to Smarter Spending initiative, Coupa is reaching out at the grassroots level directly to the agencies themselves – and offering a helping hand.”
San Mateo, CA – June 22, 2009 – Coupa Software, developer of category-disrupting Web-based spend management solutions, today announced that it has been named by THINKstrategies the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today’s Software-as-a-Service (SaaS) solutions.
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San Mateo, Calif. – June 15, 2009 – Coupa Software today announces the limited availability of the July ‘09 release of Coupa e-Procurement, the category disrupting spend management solution for business leaders dissatisfied with procurement applications that either sit on the shelf or underperform in delivering expected savings. With new capabilities that deliver actionable intelligence for every constituent, Coupa is the only e-procurement solution that supports truly collaborative smarter spending initiatives.
SAN MATEO, CA – May 20, 2009 – Coupa Software, developer of category-disrupting Web-based spend management solutions, today announced its inclusion in JMP Securities’ May 2009 report, “Hot 100: The Best Privately Held Software Companies.” The report profiles 100 of the leading private companies in the software industry, as identified by the software research team at JMP Securities. JMP Securities is a full-service investment bank based in San Francisco.
San Mateo, Calif. – Coupa Software, the developer of industry-leading, category-disrupting Web-based spend management solutions, today announced the appointment of Gary Hanna as executive vice president of sales. In this role, Gary will be responsible for building the global sales organization and further accelerating sales of Coupa e-Procurement.
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San Mateo, Calif. – May 5, 2009 – Coupa Software, the developer of industry-leading, category-disrupting Web-based spend management solutions, reported breakthrough growth for the first quarter of 2009. Companies of all sizes, eager to improve spend management and budgeting practices, are contacting Coupa in record numbers.
San Mateo, Calif. – April 23, 2009 – Coupa Software today announces the addition of the Archdiocese of St. Louis to a growing list of non-profit organizations deploying Coupa e-Procurement to control spending and protect the financial viability of their missions. After a careful study of purchasing practices at the Archdiocese, it was determined that they could better leverage the purchasing power of the organization with the adoption of more modern processes and technologies. Coupa e-Procurement will be the platform from which the Archdiocese centralizes purchasing across the offices and agencies of the Archdiocesan Curia. The Archdiocese of St. Louis contains close to 200 parishes, some with elementary schools, 10 Catholic High Schools, a seminary and several Catholic Charities agencies.
San Mateo, Calif. – February 24, 2009 – Coupa Software today announces the general availability of the Feb 09 release of Coupa e-Procurement, the category-disrupting spend management solution that is quickly becoming a must-have business tool for cost-conscious executives everywhere. Companies bracing for a prolonged downturn are turning to Coupa as they recalibrate their businesses to combat recessionary pressures head-on. The Feb 09 release adds several new features and enhancements that prove e-procurement is no longer just for companies with deep pockets and ample IT resources. Coupa removes the obstacles to smarter spending with a self-service e-procurement tool affordably delivered on a subscription basis.
San Mateo, Calif. – February 12, 2009 – Coupa Software, the leading provider of on-demand purchasing software to control business spending and costs, announced today the appointment of Rob Bernshteyn as chief executive officer. Mr. Bernshteyn will also join Coupa’s Board of Directors. Bernshteyn’s leadership building an on-demand business at SuccessFactors will be instrumental in driving continued growth at Coupa, which ended 2008 with a 5x increase in customers and a 16x increase in spend through the Coupa platform.
San Mateo, Calif. – Nov 10, 2008 – Coupa Software Incorporated, the leading provider of web-based purchasing software for small and mid-sized businesses, today announced it reached its first major milestone this month, surpassing $100 million of spend via its Coupa.com service in its first year. In addition to crossing the $100 million threshold this month, Coupa.com achieved two other major milestones that speak to its rapid growth and market acceptance: over 2,300 suppliers are now connected to the system and more than 60 customers are utilizing Coupa to manage their spending, budgets, and suppliers.
San Mateo, Calif. – October 21, 2008 – Coupa Incorporated, the leading provider of web-based purchasing software for small and mid-sized businesses, today announced the appointment of Jason Hekl as vice president of marketing. In this role, Jason will be responsible for all aspects of corporate and product marketing, including messaging, public relations, internal and external corporate communications, and demand generation.
San Mateo, Calif. – July 21, 2008 – Coupa.com, the leading provider of web-based procurement software for small and medium sized businesses, today announced a wide range of custom reporting features to its web-based procurement system that helps organizations gain new information about their purchasing trends, as well as, speed the procurement process and achieve improved cost savings. These new capabilities include:
Foster City, Calif. – June 24, 2008 – Coupa Software, the leading on demand e-procurement vendor for companies of all sizes, today announced the appointment of Jean Tali as vice president of sales. In this role, Jean will be responsible for expanding global sales of Coupa e-Procurement, developing strategic industry partnerships, and expanding Coupa’s relationships with major suppliers.
Foster City, Calif. – June 17, 2008 – Coupa Software, the leading on demand e-procurement vendor for organizations of all sizes, today announced the Spring 2008 release of Coupa e-Procurement. The new Coupa e-Procurement release, available today to all existing and new customers at no extra charge, features more than 100 new capabilities to help finance, employees and suppliers alike streamline e-procurement, boost productivity and cut purchasing costs.
Foster City, Calif. – June 2nd, 2008 – Coupa Software, the leading on demand e-procurement vendor for organizations of all sizes, today announced that the Marine Science Institute (MSI) at The University of California, Santa Barbara, has gone live with Coupa e-Procurement On Demand. MSI, a national and international leader in ocean research, selected Coupa e-Procurement for automated procurement of supplies for its more than 500 active research projects throughout the U.S. and around the world. The Coupa e-Procurement implementation supports MSI’s efforts to increase efficiency and manage budgets.
Foster City, Calif. – May 6th, 2008 – Coupa Software, the leading on demand e-procurement vendor for companies of all sizes, today announced that EXPRESS, LLC, one of the 10 largest specialty retailers in the U.S., has selected Coupa e-Procurement On Demand. EXPRESS will implement Coupa e-Procurement to support the indirect purchasing needs of its home office and stores.
Foster City, Calif. – April 9th, 2008 – Coupa Software, the leading on demand e-procurement vendor for small and mid-sized businesses (SMBs), today announced that it has raised $6 million in additional capital to fund continued business expansion and maintain its 100 percent-plus growth in customer sales and transactional spend through 2008 and beyond.
Foster City, Calif. – March 10, 2008 – Coupa Software, the leading on demand e-procurement vendor for small and mid-sized businesses (SMBs), today announced that the Quinault Indian Nation has implemented Coupa e-Procurement for its resort and casino. Using Coupa e-Procurement has helped Quinault streamline its operations while saving money buying services, equipment, and supplies.
Foster City, Calif. – November 13, 2007 – Coupa Software, a pioneer in e-procurement software for small and mid-sized organizations (SMBs) and sponsor of the world’s leading open source e-procurement project, today announced that the Phoenix Coyotes franchise has implemented Coupa On Demand across its three business units—the National Hockey League Phoenix Coyotes led by managing partner-head coach Wayne Gretzky, the National Lacrosse League Arizona Sting, and the Jobing.com Arena. Coupa On Demand enables the organization to streamline its procurement processes, boost productivity, and save money buying services, equipment, supplies, and promotional items.
Foster City, Calif. – March 26, 2007 – Coupa Software today announced the availability of Coupa eProcurement Express, the industry’s first and only freely downloadable e-procurement software solution. Coupa eProcurement Express is also the first purchasing system designed specifically for mid-sized businesses. The affordable solution combines best-in-class functionality for control of departmental and employee purchasing with simplicity – simple to acquire, install and maintain and simple enough to use that employees actually prefer it for their business purchasing needs.
Foster City, Calif. – October 22, 2007 – Coupa, a pioneer in e-procurement solutions for small and mid-size organizations (SMBs) and sponsor of the world’s leading open source e-procurement project, today announced that Coupa On Demand, the first complete, on demand e-procurement solution designed for SMBs, now uses the Amazon Elastic Compute Cloud (Amazon EC2) and the Amazon Simple Storage Service (Amazon S3) as the foundation of its infrastructure. Additionally, Coupa’s vice president of product and co-founder, Noah Eisner, will showcase the Coupa solution today in San Diego at The Amazon Start-Up Project event. Eisner’s presentation will discuss how Coupa is able to deliver the most affordable e-procurement solution in its class through the use of Amazon Web Services.
Foster City, Calif. – August 28, 2007 – Coupa, the leading provider of commercial open source e-procurement software for small and mid-size companies, today announced the release of Coupa e-Procurement Express v1.5, the latest version of the industry’s first freely downloadable e-procurement solution. Since its introduction five months ago, Coupa e-Procurement Express has topped more than 7,500 downloads. Coupa has built on this momentum by continuing to offer new best-in-class features that enable small and mid-size businesses to streamline processes, improve control, and save money. The new Coupa e-Procurement Express version may be downloaded from www.coupa.com or http://sourceforge.net/projects/coupa/.
Foster City, Calif. – August 21, 2007 – Coupa, a leading provider of e-procurement software for small and mid-size companies, today announced that Cequent Pharmaceuticals, a pioneer in the development of novel products to deliver RNAi-based treatments to prevent and treat human disease, has deployed Coupa e-Procurement. Chosen for its ease-of-use and best-in-class features designed specifically for small and mid-size companies, Coupa e-Procurement is now enabling Cequent to exercise greater control of the company’s purchasing practices and streamline its procurement processes.
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