Procurement Software On Demand
At Coupa, we’ve taken a different approach to designing procurement software. We think it should be incredibly easy to use—you don’t need training to buy something for yourself at Amazon.com, and you shouldn’t need applications training to buy for your company. We think procurement software should be quick to implement—with deployment cycles measured in hours or days, not months and years. And finally, we think purchasing software should be affordable—a fraction of the cost of traditional e-procurement solutions. If you think simple, quick, and affordable are important qualities when it comes to procurement software, then we’re on the same page. At Coupa, we’ve built a complete e-procurement solution from the ground up based on these principles.
Generate Purchasing Savings That Impact Your Bottom Line
The benefits of procurement solutions have been well documented. A 2006 Aberdeen Research survey of 170 companies showed that companies using procurement software:
- Increased their spend under management by 36%
- Reduced their requisition order cycles by 75%
- Reduced their requisition to order costs by 48%
- Reduced maverick spending by 36%
Procurement software has done an excellent job of streamlining processes, improving control, and generating cost savings. However many companies, particularly small and midsize companies, haven’t been able to realize the promise of e-procurement due to traditional solutions’ high cost and complexity. By taking a fundamentally different approach to e-procurement with the usability of Web 2.0 technologies, quick deployment enabled via on-demand delivery, and budget-friendly subscription-based pricing, Coupa solutions now allow companies of all sizes to realize real savings that directly impact the bottom line.
Coupa On Demand Procurement Software Automates the Complete Procure-to-Pay Lifecycle
Coupa procurement solutions enable companies to automate their entire buying lifecycle—from requisition, approval, and purchase order creation to RFQs, quotations, receiving, inventory, and invoicing. With a user-friendly experience that encourages mass participation, employees actually find Coupa solutions easier to use than to avoid. Only Coupa includes:
How It WorksShopping Cart-Based Requisitioning
Employees use a Web 2.0, shopping cart-based interface to select items from a local catalog, request non-catalog goods and services through web forms, or directly access preferred suppliers’ websites.
Pre-Enabled Punch-Out to Major Supplier Websites
Employees can shop directly on supplier websites such as Dell, Office Depot, VWR, and Grainger, and have requisitions automatically created for them in the Coupa solution.
Streamlined Approvals
Coupa On Demand automates the approvals process to stop inappropriate purchasing before it happens. Approvers can even OK a requisition right from email without ever logging into the system.
Complete RFQ Management
Coupa lets you create an RFQ package, email the RFQ to suppliers, track supplier responses, compare quotes, and award the business.
Comprehensive Purchase Order Management
With Coupa, purchasing professionals can automatically generate purchase orders from requisitions, make changes through a structured revisioning process, and deliver POs via email or XML.
Inventory Management
Using Coupa, there’s no more guessing how many units are left or where they are. You save money by avoiding rush charges, capturing discounts by optimizing order size, and of course, you’re less likely to stock out of important item.
Automated Receiving
Coupa helps you manage the receiving process in a central receiving department or in a distributed environment where employees can confirm orders are received on their desktop.
Robust Invoicing
Coupa On-Demand also eliminates the mounds of paper and inefficiency often found in two-way and three-way matching with structured processes to map POs, receipts, and invoices in a fraction of time it takes using a paper-based process.