Coupa Software Breaks Down Technology Barriers to Smarter Spending

With Coupa Quickstart, Companies Can Deploy e-Procurement in Under an Hour

San Mateo, Calif. - February 24, 2009 - Coupa Software today announces the general availability of the Feb 09 release of Coupa e-Procurement, the category-disrupting spend management solution that is quickly becoming a must-have business tool for cost-conscious executives everywhere. Companies bracing for a prolonged downturn are turning to Coupa as they recalibrate their businesses to combat recessionary pressures head-on. The Feb 09 release adds several new features and enhancements that prove e-procurement is no longer just for companies with deep pockets and ample IT resources. Coupa removes the obstacles to smarter spending with a self-service e-procurement tool affordably delivered on a subscription basis.

Get There Faster with Coupa Quickstart

Setting a new standard for rapid e-Procurement deployment, Coupa Quickstart is an industry first – a setup wizard that visually guides purchasing managers through the setup process for users, approval rules, payment and shipping terms, billing information, chart of accounts, suppliers, and more. It's the fastest way for companies to get up and running on Coupa - with no software to install, hardware to buy, or implementation consultants to manage. With Quickstart, companies can be sending approved purchase orders through the Coupa platform in less than an hour.

Coupa customers agree that Quickstart makes the setup process easier and faster. Vincent Bologna, Principal of biotech procurement consultancy BioProcure, LLC says "I went through the setup process and I find it to be very self-explanatory. No doubt companies can use this to get up and running much faster, and with fewer questions.”

Tobias Truman, Purchasing Manager at Dollar General adds, “Quickstart is fantastic! When my focus is allowed to be more on the user experience than on the function, something is definitely going right. You have captured the magic of breaking down configuration into 'bite-sized' portions. It's clean, relevant, and fast."

Coupa: e-Procurement for DIYers

The Feb 09 release of Coupa e-Procurement adds significant new functionality to empower the ‘do-it-yourself’ set with a platform for smarter spending. New in this release, Coupa customers can:

• Extend self-service to their suppliers through the Coupa Supplier Network. With the introduction of the Coupa Supplier Network, buyers can invite suppliers to join a secure online website where they can manage their contact information for you, view purchase orders, and submit paperless invoices.
• Exercise greater control over the approval process. Administrators can now generate a graphical display of the company’s approval hierarchy from within Coupa, making it easier to map approval processes across the organization. The Feb 09 release also adds commenting to requisitions from within the approval notification and flow, improving the audit trail on business purchases. Plus, Coupa users can now create requisitions on behalf of other users; and managers can review and approve requisitions through email and mobile devices without even logging into the system.
• Customize their purchase orders. The Feb 09 release includes a new, improved and fully customizable standard purchase order format. Coupa customers can easily customize the look and feel of their purchase orders, and send them to suppliers in HTML format.

“Businesses are moving away from expensive software packages that contain a few features managers will use and hundreds that they won’t, opting instead for solutions that are simple to use, fast to deploy and affordably priced,” said Rob Bernshteyn, Coupa’s chief executive officer. “Businesses realize they need to do more to control spending, they just lack the tools to do it effectively on their own, without extensive IT support and without great cost. The Coupa Feb 09 release is for them.”

About Coupa Software

Coupa is the leading on-demand provider of solutions that control and streamline purchasing for organizations beyond the Fortune 500. Coupa e-Procurement delivers a simple, quick and affordable solution for requisitioning, purchase orders, RFQs, inventory and invoicing, with no hardware to buy or software to license. With deep domain knowledge in e-procurement, a best-in-class software-as-a-service platform, a network of more than 2,300 suppliers, and a fast-growing community of customers, Coupa enables smarter spending practices that allow companies to save money quickly For more information please visit, www.coupa.com or call 650.585.6306.