Coupa Joins OFS Portal Community to Optimize Spend for Oil and Gas Industry

SAN MATEO, Calif. – November 27, 2012 – Coupa Software, the fastest-growing provider of cloud-based spend optimization solutions, today announced that it has joined the OFS Portal community to better serve the upstream oil and gas industry by providing the leading solution to optimize spend.

“After signing an agreement with us, the oil and gas industry can depend on Coupa with enhanced confidence to facilitate eCommerce within our industry,” said William Le Sage, CEO of OFS Portal. “Coupa’s true-cloud service is known for its world-class usability. It’s noteworthy for us that Coupa has aligned itself with our commitment to streamline procure-to-pay for the oil and gas industry.”

Focused on helping buyers in the use of industry best practices when digitizing their supply chain, OFS Portal promotes cost-effective approaches in making eCommerce a reality for both buyers and sellers. OFS Portal works with global standards organizations to converge and use the industry’s global, open and non-proprietary eCommerce standards, PIDX (Petroleum Industry Data Exchange) for use in the upstream oil and gas industry.

“Being able to support the overall mission of OFS Portal and the PIDX standard is a true testament to Coupa being incredibly nimble and flexible to meet the unique needs of an industry,” said Roger Goulart, vice president of Alliances of Coupa. “Our No. 1 priority is ensuring customer success, which is measured by realizing significant savings.”

About OFS Portal, LLC
Headquartered in Houston, OFS Portal, LLC (ofs-portal.com) is a global member-based group of upstream oil and gas suppliers and service providers at the forefront of oilfield e-commerce. With e-commerce focused on helping buyers to digitize their supply chain, OFS Portal promotes cost-effective approaches to make e-commerce a reality for both buyers and sellers. OFS Portal works with global standards organizations to converge or develop open and non-proprietary e-commerce standards for use in the upstream oil and gas industry. OFS Portal members include: Baker Hughes, Cameron International, Halliburton, Schlumberger Oilfield Services, Select Energy Services, Trican Well Service, Vetco Gray, and Weatherford International. Membership is open to any oilfield supplier with activities in the upstream oil and gas sector.

About Coupa Software
Founded in 2006, Coupa Software is the fastest-growing provider of cloud-based spend optimization software. More than 250 customers in 40 countries use Coupa purchasing and procurement software to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a true cloud procurement application that enables customers to launch the solution rapidly and quickly realize significant savings. Learn more at: coupa.com or call 650.931.3200. Read more on the Coupa Blog, or follow @Coupa on Twitter.