Coupa Signs Partnership Agreement with Solmate
Leader in cloud-based spend management to expand in Benelux region
London, UK – 9 March 2017 – Coupa Software (NASDAQ: COUP), a leader in cloud-based spend management, announced today that it has signed a partnership agreement with the Solmate Group to expand Coupa’s value-as-a-service (VaaS) offering in the Benelux region.
Based in the Netherlands, Solmate is a strategic business partner that assists medium and large organisations with finance transformation. Solmate provides the knowledge, experience and people to support businesses with optimising their financial processes. Coupa will leverage and build on Solmate’s extensive track record of success with companies to help sell, implement, and increase the use of Coupa’s solutions in the Benelux region, particularly in mid-market sales.
“We believe that the innovation Coupa brings to the market helps companies adapt to change and growth to stay ahead of their competition. In the continuously changing world of finance, we strongly believe that software alone just isn’t enough. Value resulting from the use of software should be the main reason for investing and implementing new software. Coupa’s idea and promise of ‘value-as-a-service’ instead of SaaS fits perfectly in our vision of the finance function of the future,” said André Remmelzwaan, owner and CEO, Solmate Group.
“Solmate’s relationships in financial services, real estate, aviation and the construction sector will extend our reach across the Benelux region. Furthermore, with the experience of their multi-lingual consultants, Solmate can bring the value of Coupa to more new clients,” said Philippe Martinez, vice president of EMEA Alliances at Coupa. “In return, Coupa can provide Solmate with the opportunity to further streamline the spend management process of its existing customers.”
This release includes forward-looking statements. All statements other than statements of historical facts, including the quotations and proposed benefits and opportunities from this partnership agreement are forward-looking statements. These forward-looking statements are based on Coupa’s current expectations and projections about future events and trends that Coupa believes may affect its financial condition, results of operations, strategy, short- and long-term business operations and objectives, and financial needs.
These forward-looking statements are subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially. The risks and uncertainties that could affect Coupa’s future results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in Coupa’s quarterly report on Form 10-Q filed with the SEC on December 9, 2016, which is available at investors.coupa.com and on the SEC’s website at www.sec.gov. Further information on potential risks that could affect actual results will be included in other filings Coupa makes with the SEC from time to time.
The forward-looking statements in this release reflect Coupa’s expectations as of the date hereof. Coupa undertakes no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations.
About Coupa Software
Coupa Software is the cloud platform for business spend. We deliver “Value as a Service” by helping our customers maximise their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organisations 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.