Company Announces Coupa Sourcing Application and Coupa Release 9 with More Than 40 New Enhancements
SAN FRANCISCO – Coupa INSPIRE Conference – April 10, 2013 – Coupa Software, the leading provider of cloud-based spend optimization solutions for finance, today announced two new product releases, Coupa 9 and Coupa Sourcing. With the expansion of its product portfolio, Coupa offers customers the most comprehensive suite of organic, cloud-based spend applications in the industry. The announcement was made at the Coupa INSPIRE Conference in San Francisco this week.
“Coupa has led the market by making it easy for customers to drive buying compliance in frontline purchasing activities,” said Jason Busch, managing director at industry analyst firm, Azul Partners and Spend Matters. “The new Coupa Sourcing application adopts this same strategy. It simplifies complexity around basic request for proposals and negotiation while tightly integrating sourcing to the broader requisition-to-pay process. This capability and suite integration are likely to drive an increase in formalized sourcing activity, especially for categories and spot-buys which were not competitively bid in the past.”
Coupa 9 is a comprehensive release that reinforces the company’s commitment to cutting-edge innovation, customer-driven product evolution and frequent functionality enhancements. Coupa 9 delivers more than 40 new enhancements spanning the entire suite. Key highlights include:
Release 9 also introduces Coupa Catalogs, an application that extends Enterprise Resource Planning (ERP) solutions with Coupa’s existing cloud-based shopping experience and catalog management capabilities. By integrating Coupa Catalogs with ERP applications, organizations can get more spend under management. In addition, users can increase efficiency and accuracy through centrally managed catalogs.
Coupa Sourcing is a new application designed with the vision of bringing sourcing to the masses, similar to what Coupa has done in bringing procurement to the masses with record user adoption. Existing sourcing products require specialists and are used only for major purchases, leaving large savings opportunities completely untapped.
Coupa Sourcing is woven into the same, proven Coupa procurement fabric, turning negotiated savings into realized savings. Customers get access to instant catalog updates and can identify ongoing savings opportunities driven by real-time spend across the entire organization. Key highlights of the new application include:
Enterasys Networks, a leading global provider of unified communications (UC) solutions and network infrastructure for enterprises of all sizes, is a Coupa customer that is using procurement, invoicing and contracts applications. According to Chris Lavoie, director, application development and ERP for Enterasys, “For us, it’s a simple equation. The more our employees use our system, the more spend we get under management which increases savings on everything we buy. Coupa’s ease-of-use has made all of that possible. We’re excited to start using the new features available in Release 9.”
“Coupa 9 and the new Coupa Sourcing application continue our heritage in bringing software innovation to the spend optimization market,” said Raja Hammoud, vice president of product management at Coupa. “This is the fruit of true collaboration with customers and partners. We embarked on a very exciting journey to deliver exactly what the market needs to become optimally successful.”
Coupa 9 will be available on April 19, 2013. Coupa Sourcing will be available in Q2 2013. To inquire about buying the latest cloud suite of spend optimization applications, contact Coupa directly.
About Coupa Software
Founded in 2006, Coupa Software is the leading provider of cloud-based spend optimization software. More than 300 customers in 40 countries use the Coupa suite of cloud applications to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a true suite of cloud applications for finance, including procurement, expense management and accounts payable that enables customers to launch the solution immediately and quickly realize significant savings. Learn more at: http://www.coupa.com or call 650.931.3200. Read more at our company blog, Making Cents, or follow @Coupa on Twitter.