Coupa Recognized by Independent Research Firm as a Breakout Vendor for SaaS Business Applications
SAN MATEO, CA – June 2, 2016 – Coupa Software, a leader in cloud-based spend management solutions, today announced that a report by Forrester Research has identified Coupa as one of six SaaS vendors with the potential to disrupt the status quo and become breakout leaders in their respective categories. The May 2016 report, Breakout Vendors: SaaS Business Applications, outlines in detail how the six high-growth Software-as-a-Service (SaaS) companies will disrupt traditional software segments. Coupa was identified as a Breakout Vendor in the procurement/T&E category.
According to the report, “Forrester believes these vendors are on a trajectory to breakout success based on, in some cases, more than a decade of hard work to build a robust product and nurture customer success. They are poised to take advantage of their past success and current position to lead in a new era of SaaS business applications.”
The Forrester report focused on several common attributes that drive success: a differentiated product and message, customer success at scale, solid financial backing, and a strong ecosystem strategy.
Coupa customer The Global Fund, a 21st-century partnership organization designed to accelerate the end of AIDS, tuberculosis and malaria as epidemics, selected the Coupa platform in 2015. “Coupa has shown us their willingness to collaborate and partner with us for our success so it’s not surprising to see them recognized as a vendor disrupting the status quo,” said Paul Tuxford, CIO of The Global Fund. “You cannot underestimate fast time to market. We deployed in less than 6 months and with Coupa have been able to become more agile while extending the value we gain from our ERP.”
Delivering holistic spend management for leading brands, Coupa provides value to organizations through digitizing in areas covered by accounts payables, expenses, purchasing, and supplier management.
"We certainly appreciate Forrester’s recognition of us as a breakout vendor, and the many years of hard work and commitment to customer success that have taken Coupa to where we are today,” said Ravi Thakur, senior vice president, customer success and service delivery of Coupa. “We’re proud of what we have accomplished by working hand-in-hand with our customers and our partners to create measurable value and we’re excited about our shared future.”
Coupa continually incorporates customer feedback and industry leading innovations into its unified cloud-based spend management suite. This includes updates across the corporate purchasing, sourcing, invoicing, travel and expense management, and inventory suite. Coupa works with any ERP system such as SAP, Oracle, NetSuite, Workday, Abila, Intacct, Microsoft Dynamics or Great Plains to provide organizations with the measurable value long lacking in cloud spend management.
About Coupa Software
Coupa Software, a leader in cloud-based spend management, enables businesses everywhere to recognize bottom-line financial success via Value-as-a-Service. Customers – small, medium and large - representing the Americas, EMEA, and APAC rely on Coupa to support business agility and reduce costs. Only Coupa provides an organic suite of true cloud spend management applications, including invoicing, procurement, expense management, sourcing and inventory, allowing customers to realize a return on investment that can start within a few months and grow continually. Learn more at www.coupa.com.