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.
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.
Technology arm of Saudi Arabian government deploys Coupa in less than 30 days
SAN MATEO, Calif. – October 29, 2013 – Coupa 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.
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.
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
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.
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:
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