December 31st, 2014 | CIOReview.com | CIO Viewpoint
20 Most Promising Oil & Gas Technology Solution Providers
The Oil and Gas industry plays an indispensible role in facilitating business across various verticals with timely and adequate resources. Volatile market conditions, economic downswing, and increasing costs inadvertently persist as imminent challenges in the oil and gas sector. In recent times, there is a surging incidence of oil and gas companies deploying technology and software solutions such as cloud computing, virtualization applications, database services and tools for intelligent repair and monitoring. Furthermore, these solutions not just cater to the transient needs of the organizations but, also help them adhere to government regulations, reduce pollution and wastage that damage environment and human health, conserve resources and operational expenditure. However, many CIOs find it extremely challenging to navigate into the complex and fragmented oil and gas landscape when looking for service providers to aid them with consulting, implementation, and support.
December 18th, 2014 | Derek du Preez | Diginomica
TD Direct Investing rolls out Coupa to get to grips with spending
TD Direct Investing has rolled out Coupa to get to grips with its spending – savings are being made and procurement is getting control of costs as a result TD Direct Investing is a UK-based offshoot of the very large Toronto Dominion Bank in North America and provides online share trading to customers. Although TD Direct, by its very nature, is very used to handling and managing all things money related – up until a couple of years ago its internal spend management systems were in desperate need of an overhaul. Senior relationship manager at TD, Jon Utley, who looks after all third-party relationships, procurement, vendor management and contract management, explains that when he joined the procurement team it was very small and all procurement processes were carried out manually using Excel.
October 21st, 2014 | Nancy Clinton | Spend Matters UK/Europe
Coupa Inspire EMEA — Announcements and Customer Comments
In part two of our review (see part 1 here) of last week’s Coupa Inspire event, we look at the important messages …
In true Coupa style, they made the most of the opportunity to coincide their first EMEA user conference with some big announcements, sending the press releases out that morning.
Firstly: Coupa EMEA posts record growth as global enterprises and partners embrace the Coupa Cloud Suite. EMEA is Coupa’s fastest-growing region with 250% YOY revenue growth, 9 new partners in one quarter, a worldwide customer support centre in Dublin to support EMEA operations and
October 20th, 2014 | Nancy Clinton | Spend Matters UK/Europe
Coupa Inspire EMEA and 3 Announcements: Record Growth, Version 12 and a New Partner
Now, I would normally tweet live from an event, but at Coupa Inspire on Thursday last week there was so much to take in, visuals, music (loved the music, especially Alex Kleiner giving his keynote address to – who’d have thought – Metallica), lights, buzz, and more customers taking the stage than I’ve ever witnessed before, that I genuinely didn’t get time. It really did feel a bit like being on a set: “Lights! Camera! Sound! Action! and then the whole thing exploded! In fact there is so much to report back on, that you may have to look out for some additional posts
October 17, 2014 | Derek du Preez | diginomica
Coupa and NetSuite form ‘unique’ selling partnership
Going forward, NetSuite users will be able to access a custom built version of the Coupa Cloud Procurement and Expense Management SuiteApp. Businesses can use the app to improve spend visibility and use the insights gleaned to improve purchasing decisions and realize savings.
October 17, 2014 | PYMNTS | PYMNTS.com
Coupa and NetSuite Partner On Expense Management and Procurement
Going forward, NetSuite users will be able to access a custom built version of the Coupa Cloud Procurement and Expense Management SuiteApp. Businesses can use the app to improve spend visibility and use the insights gleaned to improve purchasing decisions and realize savings.
October 9th, 2014 | ComputerWeekly.com | TechTarget
Application integration demands a light touch in the cloud
The appeal of cloud applications is irrepressible. Low capital costs, flexibility and “free” upgrades – anyone who has experienced behemoth on-premise application upgrades can be easily swayed by the appeal.
Last year, IDC forecast that from 2013 to 2017 spending on public IT cloud services would enjoy a compound annual growth rate of 24% – five times that of the
September 8th, 2014 | Ilene MacDonald | FierceHealthFinance
Molina Healthcare's new centralized procurement operation saves time, money
Accounts payable (AP) and the cloud may hold the secret to providing quality healthcare.
At least that's what Molina Healthcare--an organization that provides healthcare to financially vulnerable families and individuals covered by government programs--discovered when it created an in-house centralized procurement operation, a move that kept administrative costs down while it expanded staff and membership.
Rapid growth was the main reason the Long Beach, California-based organization, which offers health plans in nine states and has medical clinics in California, Florida, New Mexico, Virginia, Washington and Utah, decided to centralize the process, Bryce Berg, vice president of corporate administration (pictured right), told FierceHealthFinance in an exclusive interview.
September 4th, 2014 | Proquest LLC | Insurance News Net
Molina Healthcare's Bryce Berg Gets Coupa Innovation Leaders Award
Coupa Software reported that Bryce Berg, Molina Healthcare's Vice President of Corporate Administration, has won Coupa's Innovation Leaders Award in Healthcare.
The company said that the award recognizes Berg's successful transformation of Molina's procurement sourcing and invoicing processes, an initiative that has facilitated Molina's growth.
September 2nd, 2014 | Stuart Lauchlan | Diginomica
Coupa’s Irish eyes are smiling as global customer support moves to Europe
California-based spend management firm Coupa is shifting its global customer support operation to Dublin, Ireland as it looks to be perceived as an international player
One thing the Irish government has done well is prove to be an attractive destination for US tech companies – and increasingly cloud companies in particular – to set up their European headquarters. Last week, for example, Derek highlighted Birst as being the latest to join the likes of Google and Amazon in the Emerald Isle.
But none of those firms has done what spend management firm Coupa has just done which is to route its entire global customer support operation through Dublin.
August 20, 2014 | Business Wire | VB
Coupa Named to Inc. 500 List of America's Fastest-Growing Private Companies
Coupa Software, the leading provider of cloud solutions for finance, today announced it has been named to the Inc. 500 list for 2014. It is Coupa’s debut in the annual list, highlighting revenue growth of 1,023 percent between 2010 and 2013.
June 25th, 2014 | Jason Busch | Spend Matters
Coupa Inventory: Expanding the P2P Value Proposition and Surrounding Core Financials
Earlier this spring, Coupa provided a briefing and demonstrated a version of its latest inventory module to Spend Matters. Coupa sells its inventory module as an add-on to core procurement but separately from accounts payable, contracts management, and other suite components. But the question remains: in its initial release, does it provide enough value to justify the added cost and modular expansion for companies using other Coupa suite components?
After seeing it, Chief Research Officer Pierre Mitchell and Managing Director Jason Busch argue in this Spend Matters PRO research brief that Coupa’s new inventory management capabilities are likely to bring the company closer to marginalizing the
May 27th, 2014 | Paul Demery | InternetRetailer.com
An online procurement system slashes costs for a health care company
With a new online procurement system for stocking its 55 health care facilities with supplies ranging from medical equipment to cleaning supplies, Avalon Health Care is saving money while also slashing the time it takes to receive supplies.
May 27th, 2014 | Gurjit Degun | SupplyManagement.com
Coupa, Basware and Ariba 'lead the e-procurement pack'
E-procurement providers Coupa, Basware and Ariba have been recognised as leaders in the field by Forrester Research.
The Forrester Wave e-procurement Q2 2014 noted that Coupa is “the most customer-centric organisation with the most flexible product”.
April 22nd, 2014 | TMCnet
Coupa Software Rolls Out New Inventory Application and Release 11
Coupa Software, a provider of enterprise cloud applications for finance, announced a new additional application to its product suite: Coupa Inventory.
According to a release, the company also announced a new release of its SaaS solution, Coupa 11. With the expansion of its solutions portfolio, Coupa offers customers the most comprehensive suite of organic, cloud-based financial applications in the
April 18th, 2014 | James Haight | Blue Hill Research
Procure-to-Pay Analytics: Some Caution for Embedded BI
In reading Scott’s blog I couldn’t help but reflect on how we need to be careful not to drink too much of the Kool-Aid (hype) surrounding dedicated BI solutions. It’s easy to get wrapped up in the evangelical charge towards a dedicated organization wide BI platform, especially in light of all the exciting advances the technology has made recently. But as with just about anything
April 17th, 2014 | Jason Busch & Pierre Mitchell | Spend Matters
Coupa Gets Closer to SAP with NetWeaver Certification – SAP Does Not Get Closer to Coupa
Yesterday at INSPIRE, Coupa announced that its latest release, Coupa 11, has achievedSAP NetWeaver certification. According to the press release that went out, Coupa “has achieved SAP certification as powered by the SAP NetWeaver® technology platform … The SAP Integration and Certification Center (SAP ICC) has certified that the Coupa 11 application suite is powered by SAP NetWeaver.”
The press release went on to say that
April 17th, 2014 | Predrag Jakovijevic | TEC
Coupa Expands Supplier Network via Alibaba.com
At its recent Coupa INSPIRE 2014 conference, Coupa Software announced a strategic partnership with Alibaba.com, a leading platform for cross-border wholesale trade serving millions of buyers and suppliers around the globe. Through Alibaba.com, small businesses can sell their products to companies in other countries and source merchandise from abroad.
On the other hand, Coupa is a bullish provider of user-friendly cloud applications for finance, including
April 17th, 2014 | Tom Kaneshige | CIO
CIOs and Procurement Pros Partner on Cloud Services
That was the not-so-subtle pitch CEO Rob Bernshteyn at Coupa Software made to 800 attendees at the Coupa Inspire 2014 event this week in San Francisco. Coupa, a cloud services provider, offers a host of tools for analytics, reporting, inventory, budget, cloud contracts and supplier visibility aimed at procurement professionals.
"This is our platform," Bernshteyn shouted repeatedly, not some add-on of an on-premises legacy ERP system installed in a bygone era when CIOs in a fiefdom would dictate what software tools business people used.
Ironically, Bernshteyn's keynote was followed by a panel of four CIOs
April 16th, 2014 | Igor Rjciak | Evigo
Coupa announces partnerships with Alibaba.com
Coupa Software announced a strategic partnership with Alibaba.com, the leader in cross-border wholesale trade. In addition to over 1,000,000 suppliers currently using Coupa, the agreement provides Coupa customers with an easy way to find and source from suppliers on Alibaba.com.
Coupa customers will have immediate, easy access to millions of additional global suppliers from Alibaba.com while
April 16th, 2014 | Jon Hansen | Procurement Insights
Coupa Inspire ’14 Kicks Off With a Bang
As someone who has from the very beginning loved all things social media whether it be Internet radio and television, chat rooms and webinars or social networking forums, when I received the e-mail inviting me to tune into the Live Ustream broadcast of Coupa Inspire ’14 I was immediately interested.
Let’s face it, while face-to-face interaction will never go out of style, we live in a world in which connecting virtually is an essential means by which information and insights on industry trends can be readily
April 16th, 2014 | Jason Busch | Spend Matters
Coupa and Alibaba.com – Partnership Analysis, Implications, and User Recommendations
Earlier today, Coupa announced it was partnering with Alibaba.com, a company that was once really just a directory service for global suppliers. It has since become as diverse in its holdings (if not more so) than eBay. The purpose of the partnership seems straightforward, but Spend Matters has found that Alibaba
April 16th, 2014 | Jason Busch | Spend Matters
Coupa Links P2P and Supplier Search with Alibaba.com Partnership
In PRO research brief published earlier, I analyzed the implications of Coupa’s recently announced partnership with Alibaba.com, including what it could signal for Coupa’s strategy of working with potential other supplier directory and listing partners. While the marketing value of these relationships is usually strong, there’s actually quite a bit of work behind the scenes (e.g., mapping part numbers and taxonomies) to make them work in practice.
Here are the basics of the deal, according to Coupa’s press release
April 16th, 2014 | Jason Busch | Spend Matters
Coupa Inspire Dispatch – Building Ecosystems the Old-Fashioned Way
I flew to San Francisco yesterday for Coupa Inspire (I’ll be presenting tomorrow). I first spent a couple hours wandering around the city with my family and taking the famous cable cars – now $6 one way! – but now I’m settled into the conference. And I’m not entirely surprised to find the entire event has been dialed up a notch from last year.
The event is sold out and it does feel packed (by comparison, though, it’s still only half the size of the Ariba Live conference in the U.S.). But more on the exact numbers later.
Still, more impressive than the size is the feel of the event
April 15th, 2014 | Pierre Mitchell | Spend Matters
Don’t Fall for the Myth of Integrated ERP Procurements
I can’t tell you how many times I’ve been on calls with procurement organizations who are frustrated with their IT departments that mandate the selection and use of an ERP vendor.
Actually, I can. Literally hundreds.
Back in 1999, when I started doing inquiry calls with procurement and IT departments while at AMR Research (now Gartner), these discussions were fairly
April 15th, 2014 | Jason Busch | Spend Matters
Previewing Coupa Inspire: Procurement Game Changers and the New Supplier Engagement (Part 2)
I’ve been busy readying and practicing the main stage presentation that I’ll be delivering at Coupa Inspire this week. While I tend to speak at least every other week on a webinar or at some event or other, I must admit to being a bit nervous about this week, given the importance of the event. Aside from Ariba LIVE, it’s without question the biggest procurement technology event in the market. It’s also the fastest growing one, aside from niche conferences such as ProcureCon Marketing.
The topic of my 45-minute talk is this: Procurement Game Changers. During the core of my presentation, I’ll be covering the following game changers
March 20th, 2014 | Thomas Case | Spend Matters
Breaking News: Coupa Closes on $40 Million in Additional Funds
Announced this morning, Coupa has added $40 million to their war chest via a Series F investment round lead by Meritech Capital Partners – with other new investors (Icon Ventures and Northgate Ventures) as well as their original investors (Crosslink Capital, Mohr Davidow Ventures, Battery Ventures, El Dorado Ventures, and Blue Run Ventures) also participating.
The press release from Coupa highlights many impressive growth and customer retention statistics. The following, concerning Coupa platform transaction growth in 2013, are perhaps the most impressive:
March 20th, 2014 | Patrick Hoge | San Francisco Business Times
Cost control software maker Coupa takes $40 million
Coupa Software, the San Mateo maker of cloud-based tools for managing corporate finances, has raised a $40 million Series F round of funding led by Meritech Capital.
The new infusion brings the total committed to Coupa to $87.5 million so far. Also participating in the latest round were
March 20th, 2014 | Cromwell Schubarth | Silicon Valley Business Journal
Coupa Software raises $40M to help customers control spending
Coupa Software raised $40 million in Series F funding to help it compete with SAP and others with cloud-based B2B financial tools.
The San Mateo company headed by CEO Rob Bernshteyn said the round was led by Meritech Capital, with participation from
March 20th, 2014 | Andrew Nusca | Fortune
Coupa raises $40 million
FORTUNE -- Coupa, which makes cloud-based software to help companies track spending on expenses, announced this morning that it raised another $40 million, bringing its total financing to $87 million.
Meritech Capital Partners led the round. Other investors included Icon Ventures, Northgate Ventures and all of its existing investors:
March 20th, 2014 | Deborah Gage | Wall Street Journal
Coupa Raises $40M For Cloud Procurement Software, Takes on SAP
Coupa Inc., which helps companies track spending on items like travel and office supplies that can quickly eat into corporate budgets, raised another $40 million, bringing total funding to $87 million.
The fundraising went so quickly that Coupa received six term sheets from prospective investors within 48 hours, according to Chief Executive Rob Bernshteyn. Meritech Capital Partners led the round, with participation from Icon Ventures, Northgate Ventures and all current investors. Valuation is
February 27th, 2014 | Alexandra Jolly | Colombia Reports
Colombia Turns to Tech Company to Reduce Unnecessary Government Spending
Colombia announced a deal on Wednesday with a US company to help streamline government finances and allegedly save $1 billion in spending.
US procurement company Coupa, a leading provider of cloud solutions for finance, signed a contract with the government on Wednesday and will be working to purchase fuel, vehicle insurance, hardware (computers, printers, scanners), security services for buildings and
February 26th, 2014 | Narayan Ammachchi | Nearshore Americas
Colombia Turns to Coupa to Streamline Public Procurement
U.S. cloud solutions vendor Coupa Software has sealed a deal with the Colombian government to extend the service of its ‘procure-to-pay’ platform, which the Andean country will use to save $1 billion in government procurement spending by the third quarter of 2014.
The newly formed government agency, Colombia Compra Eficiente (CCE), will take charge of rolling out the application across
February 26th, 2014 | Sheena Moore | Spend Matters
Join Jason Busch at Coupa’s INSPIRE Event in April
Those of you who are long-time Spend Matters readers know that we’re not the types to promote conferences for the sake of promoting conferences – we only feature the events we actually think are worth your while. Jason Busch will be giving a keynote at Coupa INSPIRE this April, and Coupa’s prepared a special offer just for Spend Matters readers.
Jason won’t commit to me (or Coupa) what his keynote will be about yet. He’s keeping it close to the chest, but promises
February 20th, 2014 | Jason Busch | Spend Matters
How I’d Bring P2P Together – Coupa and Vinimaya Have the Right Ideas
Earlier this week, I argued that purchase-to-pay (P2P) systems should stand apart, suggesting that “the problem with P2P is not the fact that there is a business case to link eProcurement and e-invoicing (really indirect transactional procurement and accounts payable together) … but the fundamental challenge is that there is not a one-to-one map between the areas in terms of spend type or function.”
There are of course numerous other issues as well that I explored in the essay, some of which really get even more at the heart of the matter. But in an ideal world, we could overcome these with
January 14th, 2014 | Kenny MacIver | Diginomica
NEC Europe: Taking control of spending with shift to Coupa cloud
When Gavin Johnston took over as head of finance for NEC in EMEA in late 2011 one major area of the ¥84 trillion ($1bn) operation’s activities stood out for him as in need of desperate repair — procurement.
January 9th, 2014 | Rob Bernshteyn | Forbes.com
How to Raise Money - The Second Time Around
In my last article, I shared what I learned on Sand Hill Road raising my first round of venture capital for Coupa in 2009. In 2011, a year and a half later, it was time to raise money again. Raising the second round was an entirely different experience.
