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Coupa Recognized as a Leader for Sourcing Applications in IDC 2018 MarketScape Report
High return on investment, configurability without IT and rapid adoption rates listed as strengths
San Mateo, CA - April 5, 2018 - Coupa Software (NASDAQ:COUP), a leader in business spend management (BSM), was named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Sourcing Applications 2018 Vendor Assessment for capabilities and strategies. This latest Leader recognition brings Coupa’s total to four within the last year in IDC MarketScape reports.
References for Coupa’s Sourcing Optimization, according to the report, noted the following areas of measurable business value:
- High return on investment;
- A unified cloud platform that extends to ERP and is configurable without IT or consulting expertise; and
- Rapid adoption rates as learning is easy and intuitive within the system and includes 100 percent mobility.
“We are proud to be named a Leader for the fourth time this year in an IDC MarketScape report,” said Rob Bernshteyn, CEO, Coupa. “This recognition further validates that our comprehensive approach to solving the business spend management problem delivers measurable value for customers, across several areas including travel & expense management, procure-to-pay, and now sourcing."
According to the IDC MarketScape sourcing report, Coupa provides easy-to-use capabilities that let anyone in the approval chain set up new events from scratch or copy all or parts of previous events. It allows organizations to effectively manage their RFPs and RFQs and provides complete flexibility in setting up the rules of engagement and communicating with bidders. The sourcing cockpit-like environment allows both buyers and watchers to monitor the progress or sourcing events and drive negotiations. Full sourcing bid optimization capabilities allow for complex events such as global logistics and raw materials to be handled easily.
Coupa, according to the IDC MarketScape sourcing report, should be considered by businesses of any size if they need “a holistic and extremely encompassing, unified sourcing and procurement platform that is available anywhere and anytime.”
Just weeks ago, Coupa was named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procure-to-Pay (P2P) Applications 2018 Vendor Assessment (Doc #US43263818e, March 2018). In early March, Coupa was named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Travel and Expense (T&E) Management 2018 Vendor Assessment (Doc #US43569218). Finally, in January, Coupa was named a Leader in the inaugural IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procurement Applications 2018 Vendor Assessment (Doc #US42219917).
Born in the cloud, Coupa accelerates business by unifying processes across the various ways employees spend money. These processes cover procurement, invoicing, expense management, supplier management, strategic sourcing, contracts, risk management, analytics, and more. 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.
Download an excerpt of the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Sourcing Applications 2018 Vendor Assessment (Doc #US42223817, March 2018) here.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Coupa Software
Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 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 LinkedIn at https://www.linkedin.com/company/99595/