Cloud-based platform can address $239 billion of government expenditures
SAN MATEO, Calif. – September 19, 2013 – As Congress prepares for budget showdown talks, Coupa Software, the leading provider in cloud-based spend optimization solutions for finance, today shared its analysis of the U.S. Federal Government’s spending in 2012. Analyzing the 2012 data collected from USAspending.gov, Coupa’s industry experts have determined the Federal Government could have realized $14 billion in annual cost savings. These savings are equivalent to the annual salary of 271,987 public school teachers or the average annual healthcare insurance costs for 2,493,321 Americans. (1)
Public records show in 2012 the Federal Government’s total budget through prime award contracts was $517 billion. Of those, at least $239 billion were for
Industry expert named vice president of engineering for cloud-based spend optimization leader
SAN MATEO, Calif. – September 12, 2013 – Coupa spend optimization solutions for finance, today announced that former Oracle executive JP Krishnamoorthy has joined the company as vice president of engineering, effective immediately.Software, a leading provider of cloud-based
Krishnamoorthy, a seasoned software-development executive, will be responsible for overseeing the engineering and development organizations, which deliversCoupa’s cloud-based enterprise applications. He brings decades of experience managing projects with hundreds of employees worldwide and overseeing the development of products that generated hundreds of millions of dollars in global revenue.
“We are redefining the world of cloud applications for finance,” said Rob Bernshteyn, chief executive officer, Coupa. “JP’s deep-rooted expertise leading development teams and personal
Company Shows 100% Revenue Increase and Important Milestones in Q2 2013, including Coupa’s Global User Conference, Product Innovations, Strategic Acquisition, and Award Recognitions
SAN MATEO, Calif. – August 6, 2013 – Coupa Software, the leading provider of cloud-based spend management solutions for finance, today announced its Q2 2013 results, highlighted by a 100 percent increase in revenue over Q2 2012 and record attendance at Coupa’s annual INSPIRE Conference. Additionally, the company has now posted 18 quarters of sequential subscription revenue growth.
“Coupa has enjoyed such constant growth because of the unique partnership we forge with our customers in driving measurable business results,” said Rob Bernshteyn, CEO of Coupa. “Our global expansion and position as the industry’s leader in cloud-based financial applications have been reinforced by a number of company milestones in just this past
Coupa 10 features host of new enhancements across Coupa’s Procurement, Expenses, and Invoicing applications
SAN MATEO, Calif. – July 31, 2013 – Coupa Software, the leading provider in cloud-based spend optimization solutions for finance, today announced the release of Coupa 10. The new release features an entirely new sourcing application designed to bring sourcing to the masses,
“Maverick spending” estimated to cost companies hundreds of thousands annually; 33% even admit to stealing from the company in devious ways
SAN MATEO, Calif. – July 23, 2013 – Coupa Software, a leading provider of cloud-based spend optimization solutions for finance, today announced the findings of its 2013 Employee Spending Survey, fielded among 500 American office workers, aged 18 and older, conducted online by uSamp in June.
The survey, which was drafted based on Coupa’s knowledge of workplace spending habits and norms, found that employees believe so-called “maverick spending” is costing their companies
Maker of cloud financial applications cited for software innovation, market leadership
SAN MATEO, Calif. – July 9, 2013 – Coupa Software, a leading provider of cloud-based spend optimization solutions for finance, today announced that it has been chosen by AlwaysOn as one of the Global 250 winners. AlwaysOn Global 250 honors those companies that demonstrate leadership among peers, along with technology that is likely to disrupt existing markets and
Industry Leaders Partner to Help Companies Reduce Travel Costs
SAN MATEO, Calif. — June 25, 2013 — Coupa Software, a leading provider of cloud-based spend optimization solutions for finance, today announced they have partnered with Orbitz for Business, the corporate travel brand of Orbitz Worldwide (NYSE: OWW), to offer a seamless integration between their services and provide customers with a premier travel booking and expense management solution.
Coupa’s Cloud Platform Fuels Toyota with Speed, Automation and Mobility
SAN MATEO, Calif.—June 13, 2013—Coupa Software, a leading provider of cloud-based spend optimization solutions for finance, today announced that Toyota Motor Sales, U.S.A., Inc. (TMS) has successfully processed over a half-billion dollars in spending through the Coupa platform. As a result, TMS has much better visibility into savings opportunities and has greatly streamlined its
Leading Analyst Firm Selects Innovative Companies
in the Procurement and Contract Life Cycle Management Market
SAN MATEO, Calif.—May 20, 2013—Coupa Software, a leading provider of cloud-based spend optimization solutions for finance, today announced that “Coupa is Still Cool” based on the May 2, 2013 report titled, Cool Vendors in Procurement and CLM, 2013 by Magnus Bergfors, Deborah R. Wilson and Michael Dominy at Gartner, Inc. The report highlights interesting, new and innovative vendors, products and services in the procurement software and contract life cycle management (CLM) software market.
Company to Showcase New Coupa Procurement and Expenses SuiteApp
SAN MATEO, Calif.—May 13, 2013 –Coupa Software, a leading provider of cloud-based spend optimization solutions for finance, today announced that the company will exhibit at SuiteWorld 2013 in booth #327. NetSuite’s annual user conference for customers, partners, media and industry analysts, is being held May 13–16 in San Jose, California at the San Jose Convention Center.
At the event, Coupa will showcase its Coupa Procurement and Expenses SuiteApp,