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Coupa Software Named “Cool Vendor” by Gartner
Leading Analyst Firm Selects Innovative Companies in the Procurement and Contract Life Cycle Management Market
SAN MATEO, Calif.—May 20, 2013—Coupa Software, a leading provider of cloud-based spend optimization solutions for finance, today announced that “Coupa is Still Cool” based on the May 2, 2013 report titled, Cool Vendors in Procurement and CLM, 2013 by Magnus Bergfors, Deborah R. Wilson and Michael Dominy at Gartner, Inc. The report highlights interesting, new and innovative vendors, products and services in the procurement software and contract life cycle management (CLM) software market.
According to Gartner, “IT leaders and CPOs can most effectively leverage procurement solutions when they know the market innovators and how these vendors create differentiated value,” This year’s Cool Vendors in procurement advance the market with enhanced analytics, social functionality and multi-enterprise support.”
Gartner’s report points out that there is continued advancement in the procurement market. The information provided in the report is of value to procurement professionals who are seeking new ways to transform their finance organizations.
“This is the second year in a row that Coupa has appeared in Gartner’s Cool Vendors in Procurement and CLM report, and it’s an honor that we’re ‘Still Cool,’” said Tony Wessels, vice president of marketing for Coupa. “Our suite of applications has been built from day one using the latest cloud technologies. Plus it’s a solution that’s convenient and familiar to our customers’ everyday lives, which helps them save millions each day. That’s innovation.”
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Coupa Software
Founded in 2006, Coupa Software is the leading provider of cloud-based spend optimization software. More than 300 customers in 40 countriesuse the Coupa suite of cloud applications to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a true suite of cloud applications for finance, including procurement, expense management and accounts payable that enables customers to launch the solution immediately and quickly realize significant savings. Learn more at: https://www.coupa.comor call 650.931.3200. Read more at our company blog, Making Cents, or follow @Coupa on Twitter.