Coupa Launches Risk Aware to End the Divide Between Risk Data and Spend Transactions
Community Intelligence Empowers Customers to Make Smarter Decisions
SAN MATEO, CA – May 18, 2017 – Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, today announced an early access program for Risk Aware, a new application that uses Coupa community intelligence combined with unified spend transactions to help customers reduce their supply chain risk through actionable, data-informed insights.
Coupa Risk Aware can bridge the siloed risk data and spend transactions created by disparate systems. The application gives visibility to supplier risk indicators across the platform so users are aware of risk levels while they are sourcing, working with contracts, and creating or reviewing purchase orders. The supplier risk management solution provides real-time spend dashboards and issues alerts when risk conditions change, making programs easier to implement and manage.
“Risk Aware can end the divide between supplier risk and spend transactions,” said Raja Hammoud, vice president of product marketing and management at Coupa. “The instant visibility of risk coupled with the ability to take immediate action will streamline business processes.”
Coupa Risk Aware is available in an early access program where a limited set of customers can start using it in production now, and provide feedback to Coupa before the general availability release. With the early access program, Coupa takes the next step in transforming spend management risk programs.
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.