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Coupa Reaches Milestone of 500,000 Suppliers
Spend Optimization Leader Streamlines Buyer and Supplier Transactions via Secure Cloud Platform
SAN MATEO, Calif. – October 9, 2012 – Coupa Software, the fastest-growing provider of cloud-based spend optimization solutions, today announced that Coupa now connects customers with more than one half million worldwide suppliers. Through the Coupa Supplier Network and other direct connectivity options, suppliers can easily engage with customers to complete business transactions.
"Coupa is renowned for it's usability with end users, but we are equally dedicated to the supplier side. The high velocity growth rate we're seeing with suppliers underscores this," said Ravi Thakur, vice president of Customer Success at Coupa. "Unlike many competitors, Coupa connects suppliers with their customers the how they want. And absolutely for free. Suppliers shouldn't have to change the way they do business or pay extra when a customer buys a new software solution. That's why Coupa offers a choice for both large and small suppliers."
Coupa's Cloud solution is an open platform that allows suppliers to easily connect with customers to improve their purchasing process and increase efficiencies. Coupa's flexible platform provides the following.
Coupa supports email, cXML, EDI, or flat file transmission of Purchase Orders to suppliers along with PO ACK and ASN's. Suppliers can also login to the Coupa Supplier Network to receive orders from customers. Suppliers can review and acknowledge orders from all of their Coupa customers in a single location.
Suppliers with cXML, EDI, or flat file invoicing capability can send invoices directly to Coupa customers. In addition, they can use the free Coupa Supplier Network to view, create, and submit invoices directly into their customers Coupa account, eliminating the need for customers to enter invoices manually.
Coupa is fully compliant with Punch Out, the electronic business XML standard which lets users purchase catalog items at a third-party site through Coupa. Users get access to the supplier's site with up-to-date pricing without the customer having to maintain the catalog or pricing.
Coupa Supplier Network
The Coupa Supplier Network (CSN) is a free alternative for suppliers without cXML or EDI capabilities. It provides an easy way for them to automate their purchasing transactions with their Coupa customers and it's absolutely free.
"With Coupa, I'm confident that our relationships with customers will be easily streamlined," said Christopher Leger, PC Connection. "We don't have to join a proprietary network, nor do we have to pay a fee every time we want to transact with our customers. That's good business."
About Coupa Software
Founded in 2006, Coupa Software is the fastest-growing provider of cloud-based spend optimization software. More than 250 customers in 40 countries use Coupa purchasing and procurement software to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a true cloud procurement application that enables customers to launch the solution rapidly and quickly realize significant savings. Learn more at: a href="https://www.coupa.com">https://www.coupa.com or call 650.931.3200. Read more at our company blog, Making Cents, or follow @Coupa on Twitter.