Coupa Community Intelligence Powers the Future of Cloud Spend Management
Applies Artificial Intelligence across $360B+ in spend under management to create prescriptive insights for customer competitive advantage
SAN MATEO, CA – May 17, 2017 –Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, has evolved the cloud-based platform from which it was born by adding prescriptive community intelligence innovations that empower Coupa customers to make accelerated, data-driven decisions.
Previously, Coupa provided its customers with benchmark capabilities to help them improve their spend management program. Today, customers can use Coupa’s advanced community intelligence through new platform applications that help them improve results, reduce supply chain risk, and make faster decisions. These new applications - Risk Aware and Perfect Fit Insights - utilize community intelligence.
Coupa’s community intelligence takes advantage of $360 billion in cumulative spend under management to create prescriptive insights for customers. This innovation is powered in part by acquisitions the company has made - Spend360 for artificial intelligence based spend classification and Riskopy for data aggregation.
“With Coupa community intelligence, we are leveraging the supremacy of a true cloud platform and the power of our customer community to help individual customers optimize the way they spend,” said Rob Bernshteyn, CEO, Coupa. “Our innovations in this space can significantly improve decisions, accelerate the pace of business, and reduce risk in ways never before possible in our industry.”
Perfect Fit Insights:
Coupa’s Perfect Fit Insights (PFI) application uses Coupa community intelligence combined with automated recommendations and advanced goal measurement to help customers increase the value of their spend management program.
Coupa Risk Aware uses Coupa community intelligence combined with unified spend transactions to help customers reduce their supply chain risk through data-informed insights and real-time alerts.
Coupa uses Spend 360’s deep machine learning and artificial intelligence to quickly and more accurately classify data to help create Coupa community intelligence.
Coupa uses a back-end data aggregation engine created by Riskopy for the collection of third party data to help create Coupa community intelligence.
Born in the cloud, Coupa delivers a modern spend-management platform that accelerates business by unifying processes across all the ways employees spend money. These processes cover travel and expense management, procurement, invoicing, and related source-to-settle areas. Using the Coupa Open Business Network™, the platform has connected more than 3 million suppliers and delivers a powerful solution for businesses committed to controlling their spend.
About Coupa Software
Coupa Software (NASDAQ:COUP) is the cloud platform for business spend. We deliver “Value as a Service” by helping our customers maximize their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. Customers – small, medium and large – have used the Coupa platform to bring billions of dollars in cumulative spend under management. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.