Coupa Profiled in Billentis 2017 E-Invoicing / E-Billing Report
EDITOR’S NOTE: Coupa will host two webinars on the state of global e-Invoicing and e-billing June 15 and 16. Bruno Koch, author of the Billentis report, Wim Goossens, manager of Global Purchase to Pay Project at Philip Morris International and Markus Hornburg, Coupa vice president of global product compliance, will be the featured guests.
LONDON – 5 June 2017 – Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, today announced it has been profiled in a report created by Billentis titled “E-Invoicing / E-Billing Report, 2017,” which is compiled to support invoice issuers and recipients who want to replace their expensive paper-based invoice management with e-invoicing.
According to the report, a rapidly growing number of disruptive next-generation technologies have laid a strong foundation to substitute old processes with innovative solutions developed by forward-thinking companies that are poised to take advantage of this transition. “The digital transformation is no longer an option, it’s the imperative,” the report states.
Coupa is listed in the Billentis report as one of the forward-thinking companies that provides disruptive, next-generation technologies to digitize paper-based systems.
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 three million suppliers and delivers a powerful solution for businesses committed to controlling their spend.
“Our innovative service offering delivers a rock solid global e-invoicing platform that customers can use to help pass stringent requirements,” said Donna Wilczek, vice president strategy and product marketing at Coupa. “We make advanced capabilities, such as Know Your Transaction regulatory compliance, supplier friendly and we don’t charge supplier fees in order to deliver our customers the highest rates of digitized invoices and, ultimately, measurable business value.”
The Billentis report was compiled based on:
- Publicly available information gathered from thousands of sources over several years
- Market research carried out by third parties (representing 15,000+ enterprises and 10,000+ consumers)
- Verification of important figures by customer/provider visits and/or calls
- Deep experience from more than 160 customer consulting projects in 50+ countries
“More than 90% of all invoices worldwide are still processed manually. This is absolutely unsatisfactory. Requirements for the clearance model may help to significantly increase the proportion of electronic invoicing. Emerging technologies like blockchain, cloud aggregation platforms, robotic process automation, machine learning and advanced analytics may pave the way to improve the degree of business process automation and exploit the full potential for savings.” – *Billentis, E-Invoicing / E-Billing Report, 2017.
To learn more about the state of global e-Invoicing and e-Billing, Coupa invites all to attend one of two webinars titled: “Present and future trends in global e-invoicing, tax compliance and automation.” Webinar speakers include: Bruno Koch, the author of the Billentis report; Wim Goossens, Manager Global Purchase to Pay Project at Philip Morris International; and Markus Hornburg, Coupa vice president of global product compliance on the following dates:
- English: June 15, 2017 at 15:00 CEST | 9 a.m. EDT
- German: June 16, 2017 at 10 H CEST
* 2017 E-Invoicing / E-Billing Report, Bruno Koch, Billentis, 18 May 2017
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.