Coupa Named a 2022 Gartner Magic Quadrant™ Leader in Procure-to-Pay Suites for the Seventh Time in a Row
Many things returned to normal this year — or at least back to a new normal. But 2022 has also presented us new challenges driven by changing global macroeconomic and geopolitical conditions. Supply chains remain strained, and economic conditions are in flux. In response, the Coupa community has continued to focus on leveraging Business Spend Management (BSM) to make their organizations more efficient, resilient, innovative, and able to quickly adapt to the changing environment.
Today, Coupa has been named a Leader in the 2022 Gartner Magic Quadrant for Procure-to-Pay Suites for the seventh consecutive time. We believe being named a Leader by Gartner is validation of Coupa’s approach to delivering the most comprehensive Business Spend Management (BSM) platform.
Coupa was positioned highest up on ‘Ability to Execute’ and furthest to the right on ‘Completeness of Vision’ in the 2022 Gartner Magic Quadrant for Procure-to-Pay Suites.
“ADM selected Coupa based on value and commitment to driving innovation to make things better for customers.” — Joe Canaday, Vice President, Global Procurement Center of Excellence, ADM
Coupa's ease of use unleashes the full power of BSM
BSM has amazing potential to deliver value in essential areas, from ESG and supplier diversity to resilience, savings, efficiency, working capital, risk mitigation, and innovation. But if users don’t adopt the tools, that potential goes unrealized.
Prescriptive intelligence driven by a strong community
Community is at the heart of Coupa’s prescriptive intelligence. Community.ai insights offer prescriptions for Coupa customers into potential sources of diverse suppliers, areas of risk, and ways to improve their processes, all powered by customers’ contributions of their anonymized spend data.
Community.ai insights are prevalent across Coupa’s P2P solution, providing efficiency-improving prescriptions along with risk, ESG, and supplier quality information directly throughout the transactional buying and approvals process. When requests are flagged, Coupa offers prescriptive suggestions to mitigate problems.
The most comprehensive BSM platform in the industry
We are proud of the Coupa BSM platform itself, and of our consistent ability to understand customer needs and quickly bring innovations to market that meet these needs and produce real results. The Coupa platform has grown to service more than 2,500 customers spanning the Americas, EMEA, and Asia Pacific, with nearly 4 trillion dollars in cumulative spend under management.
We’ve added or enhanced several capabilities to our suite — including travel and expenses management, a greatly expanded BSM ecosystem, and enhancements to our ESG capabilities — broadening Coupa’s leadership in Business Spend Management and ensuring that our BSM platform is the most comprehensive in the industry.
Coupa extends to all aspects of spend management
Coupa provides exceptional P2P capabilities as part of its unified Business Spend Management platform. In addition to supporting a business’ core transactional procurement and AP needs, Coupa’s BSM platform allows for extensive spend risk management and fraud detection, payments processing, and contract management directly within the core P2P capabilities. This makes Coupa’s BSM platform unique in the marketplace.
While Coupa lets customers start small to address their most pressing needs, customers can expand their vision to include supply chain design, source-to-contract, third party risk, P2P, travel & expense, payments, and treasury. Services like those offered by external contract workers often represent untapped opportunity for savings and improved compliance. As you and your colleagues review the Gartner report, think about how getting visibility and control over all aspects of your spend could deliver significant value to your organization.
Thank you to the entire Coupa BSM community
Thank you to our customers and the entire Coupa BSM community for the hard work and commitment to our collective mission that we believe helped us to be acknowledged as a Leader for the seventh consecutive time in the 2022 Gartner Magic Quadrant for P2P Suites. You can view the full report here.
As we look to 2023, we’re excited about our plans to continue bringing the community together, helping to make it stronger and ever more valuable for all community members.
Gartner, Magic Quadrant for Procure-to-Pay Suites Published 28 November 2022 — By Kaitlynn Sommers, William McNeill, Micky Keck, Patrick Connaughton
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