Press Releases

Coupa Software Wins Best of SaaS Showplace Award

Software-as-a-Service Procure-to-Pay Solution Provider Helps Companies Spend Smarter and Save Money

San Mateo, CA - June 22, 2009 - Coupa Software, developer of category-disrupting Web-based spend management solutions, today announced that it has been named by THINKstrategies the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.

The BoSS Awards program was announced in January 2009 as the latest initiative by THINKstrategies to bring attention to SaaS and cloud computing companies which are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations, and greater profitability. Coupa Software is a leading on-demand provider of solutions that control and streamline purchasing for organizations beyond the Fortune 500. Coupa e-Procurement delivers an easy to use, fast to deploy and affordable solution for requisitions, purchase orders, RFQs, inventory and invoicing, with no hardware to buy or software to license. Coupa e-Procurement allowed DirtPros--a leading janitorial maintenance service provider in the Southeast--to automate its procurement approval, tracking and receiving processes, reducing the number of hours need for the manual tasks involved by 25-30 hours per week. Another success story is the University of California at Santa Barbara's Marine Science Institute which used Coupa to automate more than 65% of its purchasing spend and streamlined the time from requisition creation to placed order to less than 48 hours. As a result of these measurable business benefits, Coupa Software has been named the latest BoSS Award winner. A full description of the company's winning BoSS Award submission can be found at http://www.saas-showplace.com/awardSummary.php?key=517. "We appreciate the recognition from the SaaS Showplace for the value we deliver to our customers," said Rob Bernshteyn, Chief Executive Officer of Coupa Software. "Our growth and success is an acknowledgment of the leading role that purchasing and procurement professionals are playing to bring smarter spending practices and cost savings to their organizations.  That they are achieving such impressive results so quickly through Coupa e-Procurement is gratifying, and an encouraging sign that businesses can and will innovate their way out of this economic malaise." "Today's challenging economic climate is driving more businesses to adopt measures to control spending," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace. "Coupa Software's SaaS solution enables businesses to automate the purchasing process so they can better control their operating expenses." Previous winners of the BoSS Awards can be found on http://www.saas-showplace.com/registerforbossaward.html.

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About the SaaS Showplace Software-as-a-Service (SaaS) Showplace® is a service of THINKstrategies, Inc. This Showplace was established in 2006 to provide, IT/business decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends. SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers. Enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions. The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com or www.thinksaas.com.

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About the Best of SaaS Showplace (BoSS) Awards The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers. BoSS awards nominations are not only accepted on an ongoing basis, but more than one winner can be awarded in each SaaS Showplace Application, Industry and Enabling Technology Supplier category. BoSS award winners are given special designation on the SaaS Showplace, with a summary of their award-winning solution(s) and customer success story. Award winners are also recognized in the SaaS Showplace newsletter, and are able to promote their award designation on their website and in pre-approved company material. For more information or to nominate a BoSS award winner, go to http://www.saas-showplace.com/registerforbossaward.html.

# # # About THINKstrategies, Inc. THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation. THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies. In addition to the Software-as-a-Service Showplace, THINKstrategies is also the founder of the Managed Services Showplace, a vendor-independent, online directory and information resource center of managed service solutions. For more information regarding THINKstrategies' unique consulting services, visit www.thinkstrategies.com, or contact us at [email protected].

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About Coupa Software

Coupa is the leading on-demand provider of solutions that control and streamline purchasing for organizations beyond the Fortune 500. Coupa e-Procurement delivers an easy to use, fast to deploy and affordable solution for requisitioning, purchase orders, RFQs, inventory and invoicing, with no hardware to buy or software to license. With deep domain knowledge in e-procurement, a best-in-class software-as-a-service platform, a network of more than 2,300 suppliers, and a fast-growing community of customers, Coupa enables smarter spending practices that allow companies to save money quickly. For more information please visit, a href="https://www.coupa.com">https://www.coupa.com or call 650.585.6306.