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We’re stirring things up and people seem to like it. See what the world has to say about Coupa.
Rent-A-Center Slashes Costs Through Cloud Procurement
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Rent-A-Center, the US's biggest operator of rent-to-own stores, cut its procurement budget significantly by centralizing purchasing in the cloud.
Rent-A-Center operates 4,000 locations, with 20,000 employees providing rent-to-own furniture, appliances, computers, and electronics. Like many companies with that kind of sprawl, Rent-A-Center had a highly decentralized and manual purchasing process with low employee adoption. Also, adding new suppliers was extremely time-consuming and complicated. The result: Rent-A-Center employees were paying too much for products.
Surprising Ways to Create an Inspiring Workspace
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Like fashion or music, office design is influenced by trends. From drab cubicle farms and prestigious corner offices 1980s and 90s to today's open spaces and emphasis on collaboration, workplace design has evolved to incorporate flexibility and creativity.
As smart companies think more about how employees work and what they need to be effective, important trends are emerging, says Leigh Stringer, director of innovation and research at New York City-based architecture and design firm HOK. Three companies have been influenced by trends in collaboration, health and wellness, and employee satisfaction.
Coupa on the Fast Track in Expense Management
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Purchasing and expense management (procurement, invoicing and reimbursement) is an integral part of any business. It’s been around before the dawn of PCs and dot.com, with tons of software programs written and upgraded technology to correct work flow inefficiencies, you would think that business finance is running smoothly while saving money, however, according to a 2010 report from Aberdeen Research, companies are spending a staggering $28.91 to process a single expense report.
Coupa Gains on Competitors in Expense Management, Driven by CEO’s Unusual Vision of SaaS and Success
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Three decades into the PC revolution and nearly two decades after most businesses joined the Internet, you’d think that software makers would already have identified every conceivable inefficiency in the way companies work, and that they’d be running out of ideas for how businesses can use technology to save more money.
Not even close. Take purchasing and expense management as an example. Electronic systems for procurement, invoicing, and reimbursement have been around since before the dot-com crash, but the average company still spends a jaw-dropping $28.91 to process a single expense report, according to a 2010 report from research firm Aberdeen.
Coupa Sourcing – enabling end users to professionalise their procurement?
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We featured in brief the Coupa Inspire event last week and the various posts from Jason Busch based on his time at the event. One of the announcements there was the new “Coupa Sourcing” product, an addition to their software’s capability and range.
The announcement wasn’t a big surprise. To recap, Coupa started with spend management software focused on ordering (requisition and order management, catalogues) and expense management, then broadened out into invoicing and spend analysis in more recent times. Sourcing always looked like the next piece of the jigsaw.
Acquired or Acq-hired, Xpenser Adds Expertise to Coupa’s Web Services
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Some startups are born great, some achieve greatness—and some get acquired.
Getting acquired can mean different things, however. In the case of Xpenser, a consumer Web startup based in Del Mar, CA (just north of San Diego), the buyout disclosed last week by San Francisco-based Coupa Software was more like getting hired.
Coupa - emerging cloud vendor for Spend Optimization
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Coupa, an emerging software vendor of cloud-based spend optimization solutions for mid-size and large enterprises, held its first ever customer summit (Coupa INSPIRE 2013) in San Francisco on April 8-10, 2013. While spend optimization solutions aren't necessarily new, Coupa's approach to expanding the process of managing spend from one limited to the procurement organization to one that engages and involves the entire finance organization demonstrates how social business concepts are changing work in the back office. Currently boasting more than 300 customers in 40 countries, Coupa is doubling the company YOY and adding new products and functionality every quarter. In addition to meeting with the Coupa team at INSPIRE 2013, I also had the opportunity to talk with two of Coupa's partners - KPMG, specifically the Procurement Advisory Practice, and Seal Software, which offers an intriguing Contract Discovery and Analysis solution.
Outside-in Changes to Procurement = Inside-Out Changes to Procurement Service Delivery
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We featured a post yesterday highlighting some audience polling question results from a recent Coupa event, and I thought it’d be good to drill into a few of the findings. Keep in mind that these questions only allowed a single choice, so it downplayed areas that would have ranked higher on a multi-choice answer, but the results are still useful….
Coupa Inspire: Quick Audience Opinions on Procurement’s Future
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During a combined keynote at Coupa Inspire, Patrice Maheo (Managing Director, KPMG Sourcing & Procurement Advisory) and Dr. Rob Handfield, (Professor of Supply Chain Management, North Carolina State University), shared their thoughts on what procurement managers of the future might look like. Their presentation touched on many of the same elements I had just spoken about, so it was validating for all three of us to agree!
Professor Handfield and Patrice live-polled the audience, letting them text their answers to two questions and then provided real-time results. The polls explored which discussion points had the highest level of support and interest among attendees. We feature the results below not just because they’re useful on their own, but because the approach represents yet another way to rapidly crowdsource feedback and ideas from an audience. Inside procurement, this could be your stakeholders, peers or suppliers!
It's all about growth at Coupa
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In another demonstration of its continuing expansion, spend optimisation solution provider Coupa announced that it has acquired Xpenser, a company that enables users to record and track expenses more efficiently in the cloud. The acquisition will expand Coupa’s domain expertise and leadership in the area of expense management. The announcement was made at the Coupa INSPIRE Conference in San Francisco last week.
“We’re serious about helping customers control all three critical areas of spend across their finance organization – procurement, invoicing and expense management,” said Rob Bernshteyn, CEO of Coupa. “Xpenser’s roadmap is very well-aligned with our vision for smarter expense management, and by leveraging Xpenser’s expertise, we’ll accelerate that vision much quicker, as part of our fast-developing, organically built suite of capabilities.”