Press Release

Press Releases Home

Coupa Wins 2012 TMC Labs Innovation Award

Spend Optimization Leader Honored for Transforming Procurement Industry

SAN MATEO, Calif. – September 18, 2012Coupa Software, the fastest-growing provider of cloud-based spend optimization solutions, today announced that TMC, a global, integrated media company, has named Coupa winner of the 2012 TMC Labs Innovation Award presented by TMC’s CUSTOMER magazine.

“We’re delighted to be recognized by TMC with this award. Innovation is at the core of how we help customers be successful every day and is the reason that we’re leading the market,” said Rob Bernshteyn, CEO of Coupa. “Traditional enterprise software often takes years to implement and is difficult for people to use. We’re leveraging our pure cloud-based, SaaS platform utilizing Ruby-On-Rails and the Amazon EC2 platform to usher in a new era for enterprise applications. We make it convenient and familiar for users to purchase what they need, and their companies to realize huge savings of up to 11 percent annually on their indirect spend.”

Coupa’s Cloud Spend Optimization Platform has broken new ground in procurement by offering an intuitive, integrated platform, for managing all non-payroll spend in the cloud. Coupa provides a familiar online shopping experience for users and a suite of deep functionality for procurement officials including:

  • E-procurement
  • Expense management
  • Invoicing
  • Contracts
  • RFQ’s
  • Budgeting
  • Inventory
  • Spend Analytics

“Congratulations to Coupa for receiving the 2012 TMC Labs Innovation Award. Coupa’s Cloud-based Spend Optimization Solution is recognized for its innovation, superior quality and unique features, which have had a positive impact on customer-related technologies,” said Tom Keating, CTO and TMC Labs editorial director.

“Coupa has proven that it’s truly innovative and has made advancements in the customer experience industry,” added Rich Tehrani, CEO, TMC. “We’re pleased to recognize this outstanding achievement with a TMC Labs Innovation Award this year.”

The TMC Labs Innovation Award honors products that display innovation, unique features and significant contributions toward improving communications technology. The TMC Labs Innovation Award is granted to those companies demonstrating groundbreaking contributions to the industry.

The TMC Labs 2012 Innovation Award highlights appear in the September 2012 issue of TMC’s CUSTOMER magazine

About Coupa Software
Founded in 2006, Coupa Software is the fastest-growing provider of cloud-based spend optimization software. More than 250 customers in 40 countries use Coupa purchasing and procurement software to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a true cloud procurement application that enables customers to launch the solution rapidly and quickly realize significant savings. Learn more at: or call 650.931.3200. Read more on the Coupa Blog, or follow @Coupa on Twitter.

TMC’s CUSTOMER magazine premiered in September 2012 and has become the industry’s new, definitive source for news, product information, and strategies for communications that engage customers and potential customers. CUSTOMER’s tag line “Target. Engage. Deliver.” sums up what businesses must do to attract new customers and keep existing customers and will be the primary focus of the magazine.

Each issue of CUSTOMER includes news and insights on the latest developments in agent training, analytics and big data, ERP, IVR and self service, multi-channel call center, social CRM and other social media solutions, marketing campaign creation, mobile apps, outbound marketing, workforce management, and more. Please visit for more information.

About TMC
TMC is celebrating its 40th anniversary as a global, integrated media company that helps clients build communities in print, in person, and online.TMC publishes the TMC’s CUSTOMER Magazine (formerly Customer Interaction Solutions), INTERNET TELEPHONY, Next Gen Mobility, and Cloud Computing magazines., which is read by 1.5 million unique visitors each month, is the leading source of news and articles for the communications and technology industries. TMC is the producer of ITEXPO, the world’s leading B2B communications event. In addition, TMC runs multiple industry events:  Cloud Communications Expo; Cloud4SMB Expo; CVx (ChannelVision Expo); DevCon5; HTML5 Summit; LatinComm Conference & Expo; M2M Evolution Conference & Expo; Mobility Tech Conference & Expo; MSPAlliance MSPWorld; StartupCamp; Video World Conference & Expo and more.

For more information about TMC, visit

Why Coupa?

Explore Now