Cloud Financial Applications Leader Gives Box Users Easy Access To Improve Process Time and Increase Collaboration
SAN FRANCISCO, Calif. – Coupa INSPIRE Conference - April 17, 2014 – Coupa Software, a leader in cloud applications for finance, today announced an integration with Box, enabling enterprises to securely manage content and collaborate around every aspect of business spending.
This new set of capabilities allows Coupa users access to files in their Box workspace directly from within Coupa’s suite of applications. Coupa users that need to provide supporting documentation such as contracts, estimates, and RFPs are able to easily access and append any documents that are stored in their Box account. This integration is especially powerful for mobile users, allowing for instant access to accounts and the ability to create orders on their smartphones and tablets from Box.
Market-leading Coupa Contracts solution to integrate world’s most trusted DTM platform for improved compliance and control
SAN FRANCISCO, Calif. – Coupa INSPIRE Conference - April 17, 2014 – Coupa Software, a leader in enterprise cloud applications for finance, today it is partnering with DocuSign Inc. (DocuSign), The Global Standard for Digital Transaction Management™. DocuSign’s market-leading Digital Transaction Management (DTM) platform will help Coupa Contracts customers keep business 100% fully digital for dramatic ROI, increased security and compliance, and an enhanced customer, partner, supplier and employee experience.
Company Announces New Innovative Capabilities to Drive Unprecedented Visibility and Savings
SAN FRANCISCO – Coupa INSPIRE Conference – April 17, 2014 – Coupa Software, a leader in enterprise cloud applications for finance today announced a new additional application to its product suite: Coupa Inventory. The company also announced a new release of its SaaS solution, Coupa 11. With the expansion of its solutions portfolio, Coupa offers customers the most comprehensive suite of organic, cloud-based financial applications in the industry.
Coupa continues its expansion of its unified organic suite with the introduction of Coupa Inventory. This application is critical for improving visibility for companies that utilize internal stockrooms and warehouses.
Key highlights of the new application include:
Elimination of redundant spending: Coupa Inventory eliminates redundant spending by enabling internal orders through the same easy-to-use shopping experience. With inventory and purchases available in a single place, users can easily find any item they need without having to check multiple systems. With the same interface, they can easily check availability, quantity, and place an internal order without extensive training, all while increasing spend compliance.
Streamlined stockroom management: Coupa Inventory eliminates the need for manual paper processes often found in inventory management. As internal orders come in, pick lists are automatically generated and items that cannot be fulfilled are placed in backorder. When an inventory item runs low, companies can trigger replenishment orders automatically from suppliers.
Improved financial compliance: With cycle counting approvals, customers can create automatic approval chains for specific quantities or dollar amount adjustments to inventory. This means inventory managers are always aware of their inventory stock. And with real-time reports, Coupa enables companies to perform comprehensive audits and minimize fraud as they have all historical transactional data right at their fingertips.
Coupa Inventory is available for early access to select customers, and will be generally available in mid-2014.
“Initially, we learned about the need within the healthcare and food & beverage industries. It is essential to proactively maintain inventory whether it’s doctors ordering medicine, or chefs ordering ingredients for their dinner menu,” said Raja Hammoud, Vice President of Product Management. “These same challenges exist in almost all businesses whether it’s for ordering office supplies, software licenses, or on-hand equipment from a local warehouse. We’re excited that our suite is able to help our customers achieve great success in streamlining this area of their business.”
“As the premier mountain resort company in the world, it’s important for us to have clear visibility into our inventory so that we can continue to deliver an excellent guest experience,” said Anita Weise, Vice President of Procurement, at Vail Resorts. “We look forward to leveraging Coupa Inventory to optimize this part of our business while leveraging the other applications in Coupa’s suite.”
Coupa Release 11
Coupa Release 11 is a comprehensive release that reinforces the company’s commitment to customer-driven product evolution, cutting-edge innovation and frequent functionality enhancements. Coupa 11 delivers more than 60 new enhancements spanning the entire suite. Key highlights include:
Platform-wide Enhancements For Multinational Enterprises- A series of new features expand support of complex process flows in multinational organizations requiring local filtering of suppliers, richer customization of user interfaces, processes for specific regions, and elegant support for project-based approval processes spanning 100's of 1000's of projects.
Travel Integration For Even Faster Expense Approvals - Coupa Expenses introduces travel integration with expense report creation to make it even easier for employees to fill out expense reports, while improving compliance for the finance team. Pre-built integration with Orbitz means that upon approval, the travel expense information is automatically populated in Coupa Expenses. Coupa provides an open API so companies can easily integrate this functionality with their travel provider of choice. Coupa Expenses now also supports dynamic rates, whether company maintained or government maintained to ensure meaningful policy limits by region.
Smarter Self-Service Sourcing Enhancements – Coupa Sourcing now allows employees even more self-service features including the ability to pause events, enable suppliers to do Excel import of responses, and be able to bid smartly with a Make Me Best Price option. Recommendations, where Coupa automatically recommends sourcing opportunities, now includes Non-PO invoices and large requisitions as an additional source of recommendations, making it even simpler for sourcing managers to identify impactful savings opportunities.
Procure To Pay Enhancements - A host of new features and enhancements has been added to streamline the P2P processes, all while driving employee adoption, increasing efficiency and ensuring compliance. Highlights Include:
Coupa iPhone App Enhancements
Coupa Mobile version 2.0 is now available which is fully optimized for iOS7, offers improved performance and leverages the iOS look and feel. The enhancements include:
About Coupa Software
Founded in 2006, Coupa Software is a leader in enterprise cloud applications for finance. More than 400 customers headquartered in 40 countries use the Coupa suite of financial applications. Only Coupa provides a suite of true cloud applications for finance, including procurement, expense management and accounts payable that allows customers to launch the solution immediately and quickly realize significant savings. Learn more at: coupa.com or call +1 (650) 931-3200. Read more at our company blog, Making Cents or follow @Coupa on Twitter.
Grayling for Coupa Software
Coupa’s open model provides even more supplier choice to Coupa customers across the globe
SAN FRANCISCO, Calif. – Coupa INSPIRE Conference - April 16, 2014 – Coupa Software today announced a strategic partnership with Alibaba.com, the leader in cross-border wholesale trade. In addition to the over 1,000,000 suppliers currently using Coupa, the agreement provides Coupa customers with an easy way to find and source from suppliers on Alibaba.com. Coupa customers will have immediate, easy access to millions of additional global suppliers from Alibaba.com while Alibaba.com suppliers will have additional reach into Coupa customers headquartered in over 40 countries.
Coupa’s Open Platform Centralizes Data From Multiple Systems For Enterprise-Wide Spend Intelligence
SAN FRANCISCO, Calif. – Coupa INSPIRE Conference – April 16, 2014 – Coupa Software, a leader in enterprise cloud applications for finance today announced that it is partnering with Keboola, a global business intelligence consulting firm. With the partnership companies will now have even greater visibility with end-to-end reporting intelligence across their companies, across all systems.
Coupa Integrates with SAP NetWeaver to Help Companies Reduce Costs, Increase Operational Excellence
SAN FRANCISCO, Calif. – Coupa INSPIRE Conference - April 16, 2014 — Coupa Software, a leader in enterprise cloud applications for finance, today announced that its Coupa 11 suite of applications has achieved SAP certification as powered by the SAP NetWeaver® technology platform. Coupa currently has numerous customers worldwide integrating with SAP® solutions.
The SAP Integration and Certification Center (SAP ICC) has certified that the Coupa 11 application suite is powered by SAP NetWeaver.
Meritech Capital Partners Leads Fundraising for Spend Optimization Applications Leader
SAN MATEO, Calif. – March 20, 2014 – Coupa Software, the leading provider of cloud-based solutions for finance, today announced that it has closed a $40 million Series F investment round, bringing total investment in Coupa to $87.5 million to date. Meritech Capital led the funding round, with participation from Icon Ventures and Northgate Ventures. Existing investors Crosslink Capital, Mohr Davidow Ventures, Battery Ventures, El Dorado Ventures, and Blue Run Ventures also participated. George Bischof, the managing director of Meritech Capital Partners, will join Coupa’s board as an observer.
Global Healthcare Leader launches Coupa Cloud project
SAN MATEO, Calif. – March 20, 2014 – Coupa Software, the leading provider of cloud solutions for finance, today announced that Sanofi, a global integrated healthcare leader with operations in more than 100 countries, has selected Coupa’s cloud procurement software to replace its existing on premise solutions and possibly roll it out in 85 countries.
Following an internal review of the company’s procurement process and systems, Sanofi decided to transition to a cloud-based solution to support its new strategy. The goal was to simplify and streamline their spend management process, and improve user experience. After an extensive internal assessment of the business and functional needs, a review of the technological environment and an evaluation of several vendors and potential partners, Sanofi selected Coupa.
Tom Aitchison named Executive Vice President of Global Sales
SAN MATEO, Calif. – March 4, 2014 – Coupa Software, the leading provider of cloud solutions for finance, today announced that former InQuira executive Tom Aitchison has joined the company as the new Executive Vice President of Global Sales, effective immediately. Aitchison, an accomplished sales veteran with a successful track record in managing sales organizations of high-growth companies, will be responsible for expanding Coupa’s rapid global growth.
Colombia Compra Eficiente on track to roll out Coupa to 20,000 users by 2015
San Mateo, California & Bogotá, Colombia – February 25, 2014 – Coupa Software, the leading provider of cloud solutions for finance, today announced that the government of Colombia is currently rolling out Coupa, targeting savings of $1 billion by Q3 of 2014. The news comes ahead of the latest report from new government agency, Colombia Compra Eficiente (CCE), or “Colombia Buys Efficiently,” which will be released at an accountability event on Wednesday, February 26 at 9am COT in the Tequendama Hotel in Bogotá, Colombia.