Press Releases

Green Businesses Turn to Coupa Cloud Spend Management for a Smarter Way to Control Spend

SAN MATEO, Calif. – Coupa Software, the leading provider of disruptive and innovative cloud spend management (CSM) solutions for squeezing savings from business spending, today announced a significant growth in the number of green businesses selecting Coupa to more effectively manage and control their indirect spending.

SoloPower, Optimus Energy and Stion are among the green companies leveraging Coupa’s platform for their e-procurement and expense management needs. Businesses in this industry suffer from the high cost of spend management practices, taking away valuable time they could be spending on research and development of their own products. In this continued soft economy, the necessity to be cost-efficient and operationally lean is more crucial than ever. Cloud computing applications like Coupa are a perfect fit for this new emerging class of business.

Green businesses have directly benefited from adopting smarter spending practices, and controlling their spend with Coupa, including:

  • Broad adoption with an easy-to-use solution that requires minimal change management and training to learn or adopt for businesses large and small
  • Centralized control over procurement processes and greater visibility into spending at all levels of the business
  • Full budgeting support, including budget remaining checks before requisitions are approved
  • Universal access via any web browser. As the only true multi-tenant cloud company in the e-procurement category, the software can be accessed from the Amazon cloud via any web browser. There is no hardware to buy, or software to install.
  • Fast time to value. Everything you need to get started is included in a single subscription price and standard implementations are free, without expensive IT overhead.

“As a manufacturing facility, we need to control the costs of materials that go into producing solar panels,” said Vijay Mani, Director of IT at SoloPower, a leading innovator of thin-film photovoltaic (PV) cells and modules. “By working with Coupa we have become a more efficient and cost-effective operation, eliminating antiquated spend management approaches that relied on Excel spreadsheets and paper documents. We now have a system in place where we capture data in an easy-to-understand, quantifiable format, and adjust future purchasing behavior based on what has been successful in the past.”

Coupa has a wide array of experience working with green businesses. Whether it be a disruptive biorefinery technology, solar panels or emerging alternatives to traditional fossil fuel electricity, Coupa keeps a watchful eye over every dollar of customer spend in this important industry.

“The feedback has been tremendous from green businesses that evaluated the top spend management offerings and determined that Coupa was the best overall solution for their business needs,” said Rob Bernshteyn, CEO of Coupa Software. “We remain steadfast in our goal to provide our customers with the best procurement and expense management solutions and we’re thrilled by how we have helped these businesses make smarter, more cost-effective decisions when it comes to managing corporate spend.”

Other featured industries that Coupa has placed a stake in include biotech, education, manufacturing, non-profit and retail. To learn more visit:http://www.coupa.com/customers/featured-industries/.

About Coupa Software
Coupa is the leading provider of disruptive and innovative cloud spend management (CSM) solutions that help companies control their indirect spending and generate savings that go direct to the bottom line. Coupa combines the best e-procurement and expense management capabilities in a single solution that is easier to use, faster to configure and deploy, and more cost-effective than anything available today. With deep domain knowledge in e-procurement and expense management, a best-in-class cloud computing platform, a fast-growing community of customers, and industry-first innovations like real-time benchmarking, intelligent expense report auditing, and crowd sourcing great deals on the Web, Coupa is leading the way in helping companies spend smarter and save more. For more information please visit, a href="https://www.coupa.com">https://www.coupa.com or call 650.931.3200.

About SoloPower
SoloPower, Inc. produces low-cost, high-power, flexible thin-film photovoltaic modules that offer a viable alternative to electricity produced using traditional fossil fuels. SoloPower’s modules employ its solar cell devices fabricated with copper indium gallium di-selenide (CIGS) materials using a proprietary roll-to-roll electrodeposition process. The company is headquartered in Silicon Valley at 5981 Optical Court, San Jose, California 95138. For more information on SoloPower, please visit the company on the Internet at www.SoloPower.com.