Coupa Joins E-Invoice Promotion Association (EIPA) to Drive Value for Japanese Businesses
Coupa bolsters its commitment to digitize, standardize, and streamline invoice services through Business Spend Management (BSM)
TOKYO – August 11, 2021 – Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), announced it has become an official member of the E-Invoice Promotion Association (EIPA), an organization to develop, demonstrate, and promote standard specifications of electronic invoices. Coupa is committed to providing more meaningful value to Japanese market customers through its BSM platform, which enables comprehensive and strategic management of corporate spend.
As an EIPA member, Coupa’s BSM platform will comply with Japanese laws and regulations, business practices, and the needs of invoicing services to thousands of customers and millions of suppliers across the globe.
“In this pandemic, digitalizing and streamlining various business operations is required. We believe that by establishing and promoting an electronic invoicing system in alignment with the goals of EIPA we can contribute to the digitalization and improved productivity of business spend. We are committed to contributing to EIPA’s activities through our BSM platform,” said Takashi Ozeki, CEO Coupa K.K.
Coupa Invoicing reduces time related to invoicing and improves efficiency by converting paper-based invoicing systems to electronic systems. With all purchasing information, such as purchase orders, contracts, and suppliers, linked seamlessly on Coupa’s BSM platform, users can automatically develop and manage invoices based on information on orders, automatically reconcile multiple invoices, and establish approval process workflows.
The Coupa Compliance as a Service validates tax rates and mandatory fields in accordance with each country's tax system requirements. This helps invoicing services smoothly become automated, streamlined, and compliant, enabling businesses to improve business efficiency in invoicing, payment, bookkeeping, and declaration, as well as to realize accurate processing, paperless work, and telework.
About Coupa Software
Coupa empowers companies around the world with the visibility and control they need to spend smarter and safer. To learn more about how Coupa can help you spend smarter, visit https://www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
About The E-Invoicing Promotion Association
The E-Invoice Promotion Association (EIPA) was established for the purpose of developing, demonstrating, and promoting standard specifications for electronic invoices aimed at establishing a common electronic invoice system to businesses in Japan. This association aims to contribute to the digitalization and improved productivity of the entire business transaction by establishing and promoting a standardized and totally-optimized electronic invoicing system giving consideration to easy transfer from current systems.