Coupa Named a Leader in Latest Forrester Wave for Supplier Risk and Performance Management Platforms
Coupa was named a leader in the recently released report, The Forrester Wave™: Supplier Risk And Performance Management Platforms, Q3 2020. The report evaluated supplier risk and performance management (SRPM) solutions from 10 different software vendors on a set of 24 criteria. The report emphasizes that the use of AI, third-party risk information (TPRI) integration, and support for communities are key differentiators amongst platforms.
Forrester notes that smart application development and delivery (AD&D) professionals favor specialist SRPM and vendor management software products over building custom solutions on top of generic workflow platforms. As well, Forrester research shows that the best SRPM products offer productized integration with external TPRI providers, process and content templates for common risk assessments, and AI-enhanced risk assessment and monitoring.
Coupa was named a Leader, having received the highest score possible in the corporate strategy criterion in addition to the top score in the performance management criterion. Forrester noted that Coupa’s solution “is particularly strong in supplier performance management, combining subjective assessment from surveys with objective KPIs that include comparison across all Coupa customers.”
Supplier risk management is more important than ever
The global pandemic has demonstrated the criticality of having full visibility and control into the risks and weaknesses associated with a company's portfolio of suppliers. Coupa Supplier Risk and Performance Management combines community intelligence-driven insight and prescriptive actions to drive real-time supply chain risk management and vendor risk management.
As part of the Coupa Business Spend Management (BSM) Platform, Coupa SRPM enables companies to monitor supplier risk and optimize their supply base with AI-powered risk scores drawn from third-party data and supplier interactions from across the Coupa community.
"Coupa is an excellent choice for enterprises that want an easy-to-use SRPM solution either standalone or as the first step in a journey to an integrated supplier value management platform," writes report author Duncan Jones, vice president, principal analyst at technology advisory firm Forrester Research.
Spend smarter and safer every day
"We believe this report offers strong validation of the strength of our vision and innovation in supplier risk, a critical component of Business Spend Management. With the Coupa platform, businesses can get the visibility, control, and prescriptive insights they need to spend smarter and safer every day," commented Coupa chairman and chief executive officer, Rob Bernshteyn.
Learn more by downloading the complete report, The Forrester Wave™: Supplier Risk And Performance Management Platforms, Q3 2020.