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Coupa Named a Leader in eProcurement by Independent Research Firm
Coupa scored the highest for both Current Offering and Strategy
SAN MATEO, CA – May 31, 2017 – Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, today announced it has been recognized as a leader in eProcurement by independent research firm Forrester Research, Inc. in a new report titled “ The Forrester Wave™: eProcurement, Q2 2017”. This marks two consecutive evaluations where Coupa has been recognized as a Leader in the Forrester Wave - considered one of the industry’s most thorough evaluations of enterprise purchasing solutions.
"Coupa delivers customer success through high usability and rapid innovation," writes Forrester Vice President, Principal Analyst Duncan Jones in the report. The report also states: "Its library of customers describing measurable benefits from using Coupa is testament to its product and its approach."
The report evaluated 12 of the most significant eProcurement providers on 30 criteria. In addition to the "Leader" designation, Coupa received the highest scores for both the Current Offering and Strategy criteria. Coupa also received the top scores in the Market Share of New Deals (tied) and Reporting sub-criteria.
"We’re proud of Coupa being named a leader for the second time in the Forrester Wave as we think it further validates the real measurable value we are creating with our customers," said Rob Bernshteyn, CEO of Coupa. “We believe this ranking independently confirms that everyone benefits when you listen to your customers, deliver a comprehensive platform, and continually partner to drive real, measurable results. This also confirms that our customers worldwide recognize these as unique Coupa differentiators."
The report also says, "The eProcurement market is growing because more chief procurement officers (CPOs) see it as a key element in addressing their top challenges. They want to enable employees to quickly, safely, and cost effectively buy the goods and services they need, while maintaining overall visibility and control."
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.