Press Releases

Coupa Announces Spring 2008 Release of Coupa e-Procurement on Demand

On Demand e-Procurement Leader Delivers Enhancements to Finance, Employees and Suppliers Alike

Foster City, Calif. – June 17, 2008 – Coupa Software, the leading on demand e-procurement vendor for organizations of all sizes, today announced the Spring 2008 release of Coupa e-Procurement. The new Coupa e-Procurement release, available today to all existing and new customers at no extra charge, features more than 100 new capabilities to help finance, employees and suppliers alike streamline e-procurement, boost productivity and cut purchasing costs.

Enhanced capabilities include:

Unparalleled ease of use for employees - enables managers to approve or reject requests with a simple reply to an email and copy past orders for rapid re-orders; includes instant messenger (IM) support for real-time updates, gallery and list view search results with sorting filters to find catalog items quickly, support for hundreds of online vendors with Coupa Punchout, and a new interface that makes the easiest-to-use system even simpler.

Touchless purchasing and easy administration for procurement and finance personnel - includes instant preview when loading budget, supplier and user accounts to make getting started with Coupa even easier, asset tag upload and tracking for receiving and inventory, and dozens of new tools for rapid "go-live" and worry-free maintenance.
Comprehensive supplier connectivity - includes supplier self-service for customers to provide log-in access to suppliers, and for suppliers to view and download purchase orders, easy electronic catalog enablement for fast purchasing from the Coupa system, paperless invoicing, and automated communication via email and XML.

“We took advantage of the new Coupa e-Procurement capabilities the moment we were upgraded,” said Carol Gissell, purchasing director, Quinault Beach Resort and Casino. “The Spring 2008 release is beautiful. But beyond good looks it has also increased our productivity with plenty of new features geared towards our purchasing needs.”

Coupa e-Procurement automates the entire procure-to-pay process from requisitioning and purchase order creation to RFQ generation, receiving, inventory and invoicing. A one-stop shopping center where employees can conveniently find approved products, place orders and launch the approval cycle, Coupa e-Procurement helps companies control spending while improving procurement efficiency. Coupa's Software as a Service (SaaS) model, built on top of Amazon Web Services, enables customers to quickly implement and install, easily scale to meet demand, and try before they buy.

“e-Procurement has failed in the past due to a lack of buy-in from the most important stakeholder, the user,” said Noah Eisner, vice president of product development and co-founder, Coupa Software. “The most important feature of a successful e-procurement system is usability and we continue to move at a rapid pace to deliver on exactly what our customers need. We are enhancing the Coupa e-Procurement platform more quickly than any other vendor in the market and our customers can expect major improvements every calendar quarter.”

Availability & Pricing
Coupa e-Procurement is available immediately. Pricing is open and transparent with monthly subscriptions starting at just $295. Specific information on pricing is available at . Visit http://www.coupa.com for a free 30-day trial.

About Coupa Software
Coupa is the leading on demand provider of solutions that automate and control purchasing for organizations beyond the Fortune 500. Coupa e-Procurement delivers a simple, quick and affordable solution for requisitioning, purchase orders, RFQs, inventory and invoicing, with no hardware to buy or software to license. With best-in-class ease of use, deep roots in the e-procurement sector, and a network of more than 2300 suppliers, Coupa’s solution enables companies to greatly increase efficiencies and save money quickly.

For more information please visit www.coupa.com or call 650.585.6306.