Press Releases

Colombian Government Deploys Coupa to Achieve $1 Billion in Savings

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. 

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Armstrong and Colombia Compra Eficiente Executives Among Speakers at Coupa INSPIRE 2014

 

WHAT: Coupa Software, the leading SaaS provider of cloud-based financial solutions, today announced the speakers for INSPIRE 2014, its annual user conference. Finance professionals, procurement leaders and industry analysts will gather to exchange best practices for reducing costs and learning about Coupa’s announcements of new solutions. 

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Coupa Software Soars As Company Posts Record Results For 2013

 

 

Financial Cloud Apps Leader Exceeds 100% Revenue Growth for Fifth Consecutive Year, while bringing a record number of customers live on the Coupa platform.

 

SAN MATEO, Calif. – February 11, 2014 – Coupa Software, the leading provider of cloud-based financial solutions, today announced its 2013 results, highlighted by more than 100 percent revenue growth for five consecutive years. Coupa achieved extraordinary results across the business including signing a major alliance agreement with KPMG, growing its international customer base across Europe, Latin America and Asia Pacific and launching new vertical market solutions. 

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Coupa Software’s Global Expansion Drives Record Third Quarter in Revenue and Customer Deployment Success

Leader in Cloud Financial Apps Posts 100 Percent Growth in Revenue and Subscription Renewal and Delivers New Vertical Market Solutions

 

SAN MATEO, Calif. – November 5, 2013 – Coupa Software, the leading provider of cloud solutions for finance, today announced third quarter 2013 results, highlighted by a 100 percent increase in revenue and subscription renewals over Q3 2012, and the launching of five new vertical market solutions. Additionally, the company has posted 19 quarters of sequential subscription revenue growth.

 

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Coupa Software Expands Global Leadership in Middle East with Al-Elm

 Technology arm of Saudi Arabian government deploys Coupa in less than 30 days

 

SAN MATEO, Calif. – October 29, 2013Coupa Software, a leading provider of cloud-based applications for finance, today announced that the investment arm of the Saudi Ministry of Finance, Al-Elm Information Security, has selected and successfully implemented Coupa to automate its spend management processes, resulting in increased business agility and improved efficiencies as the company continues to grow.

 

Al-Elm provides advanced e-solutions and IT development for the government sector. Amid the company’s expansion this year, Al-Elm’s finance department was struggling with the time-intensive and inefficient process of manually approving purchase orders and requisitions. Management wanted to standardise its purchasing practices with a simple-to-use solution that would encourage user adoption, reduce costs and deliver better managerial oversight into the accounting process.

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Coupa and KPMG Sign Strategic Alliance to Enhance Sourcing and Procurement Efficiency and Effectiveness

Expanded alliance of market leaders aimed at helping clients achieve savings and user adoption


SAN MATEO, Calif. – October 22, 2013 – Coupa Software, a leading global provider of cloud-based applications for finance, today announced a strategic alliance with KPMG Australia. The companies are expanding on the successful alliance already in existence in the USA, to help clients transform their approach to procurement to achieve bottom-line savings.


For most companies, the procure-to-pay (P2P) process typically ties up significant amounts of capital that could otherwise be invested in growing the business. Manual procurement processes, lengthy management approvals, manual reconciliations, and lengthy payment cycles are among the many culprits that contribute to inefficiencies in the process. In addition, the general lack of integration with other business processes and systems create further inefficiencies and high transaction costs. Together, KPMG and Coupa will help reduce these inefficiencies and costs in their clients’ procurement processes.

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Coupa Broadens Leadership with Major Global Deployment at NEC

NEC EMEA improves business responsiveness; Increases ‘control and management of spend’ by 50 percent

  

LONDON – October 8, 2013 Coupa Software, the leading provider of cloud-based applications for finance, today announced that NEC Europe, a wholly owned subsidiary of NEC Corporation, has successfully rolled out Coupa to its EMEA offices, enabling the company to save time and support its cost optimization program through more effective use of purchase orders.

 

NEC wanted to further improve its purchase order process and maximize employee productivity with a simple-to-use solution that would drive user adoption, cut costs and provide manager oversight into the process. After a thorough review of other solutions on the market, NEC chose to invest in a Coupa cloud-based solution.

 

Since deployment at the end of Q1 2013, the company has achieved up to 65 percent compliance

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MEDIA ALERT: Ruby Creator Presenting at Coupa

 WHAT:  Ruby creator, Yukihiro “Matz” Matsumoto, will be visiting the Coupa offices with a Japanese delegation of government officials, engineering students, and technology leaders to discuss the opportunities and challenges surrounding Ruby 2.0.

 

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Study: Majority of Healthcare Pros Opposed to Obamacare While Admitting Benefits

 

Coupa Software-commissioned research shows 56 percent are opposed to the Affordable Care Act (ACA) but majority also believe it could increase coverage and eliminate spending inefficiencies

 

SAN MATEO, Calif. – September 30, 2013 – Coupa Software, a leading provider of cloud-based applications for finance, today announced the results of its 2013 Healthcare Survey of 200 top healthcare professionals across the U.S. Findings show administrative redundancy and unnecessary complexities in our public and private healthcare programs are a major source of waste. The results come ahead of a pivotal week for the new healthcare laws, with exchanges officially opening for enrollment tomorrow.

 

As experts in efficient spending, Coupa is concerned about the issues facing healthcare professionals today and their impact on patient care. Coupa for Healthcare is one of the leading cloud applications that healthcare facilities around the globe rely on to reduce costs and risk unique to healthcare.

 

According to the 2013 Healthcare Survey, 78 percent of healthcare professionals identified spending inefficiencies in their workplace. Top concerns included: 

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Coupa Helps Identify $14 Billion in Government Waste

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

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