Coupa Further Simplifies Expense Management with Credit Card and Google Maps Integration
SAN MATEO, Calif. – September 15, 2010 – Coupa Software, the leading provider of disruptive and innovative Cloud Spend Management (CSM) solutions, today unveiled significant additions to its expense management platform, including Google Maps integration, credit card import functionality, and the ability to add custom fields to an expense report. These new features are available immediately to all Coupa expense management customers.
Traditional expense management practices are fraught with inefficiencies, derived from manual processing, lost receipts, untimely submissions and cumbersome audits, which make filing, processing and auditing expense reports costly and inaccurate. By providing an automated process that is as easy as shopping on Amazon or streaming movies on Netflix, and integrating that with best-in-class e-procurement capabilities, Coupa makes it drop-dead simple for companies to control 100% of their indirect spend, providing deep visibility into, and control over, company spending.
Today, Coupa introduced the following new expense management features:
- Credit Card Download: Coupa is now integrated to thousands of card providers, making expense report creation even simpler. Individuals can import transactions into Coupa from one or more credit cards setup by the user. The system automatically attributes the transaction date, auto-categorizes the expense, and enables the user to quickly select which purchases he wants to add to his current expense report.
- Google Maps Integration: Rather than manually calculating distance and mileage rates, simply enter start and end addresses, and click a button to auto-populate the expense report. Coupa captures the route mileage determined by Google Maps and uses your company’s predetermined mileage rate to automatically calculate the reimbursement amount.
- Conditional fields: Create dependent custom fields for each expense category that will prompt the user to enter specific information for each expense line item – for example, to capture the number of people at a business meal, or capture flight details for airfare expenses. These are completely configurable on a case-by-case basis, allowing companies to create fields that map to their specific expensing practices.
Coupa launched its Cloud Spend Management platform in February 2010 as the only cloud-based offering to combine procurement and expense management into a single cloud-based platform. It features a single user interface, a single workflow model for approving purchases and reimbursable expenses, a single budget and alert system, and consolidated dashboards for visibility into non-payroll spending.
“No one likes to waste time manually calculating driving distance, keying in credit card receipts, or getting reports rejected for missing information. Our new features take care of that,” said Noah Eisner, VP Products at Coupa. “This ‘consumerization’ of enterprise software is critical because, by making the process easier, it’s more likely that your employees will actually accurately account for their spending in a more timely fashion.”
About Coupa Software
Coupa is the leading provider of disruptive and innovative cloud spend management 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. Learn more at: coupa.com or call 650.931.3200. Read more on the Coupa Blog, or follow @Coupa on Twitter.