Coupa.com Surpasses $100 Million Spend-Through Milestone
On-Demand Procurement Pioneer and Leader Reaches Major Milestone in First Year of Operation
San Mateo, Calif. - Nov 10, 2008 - Coupa Software Incorporated, the leading provider of web-based purchasing software for small and mid-sized businesses, today announced it reached its first major milestone this month, surpassing $100 million of spend via its Coupa.com service in its first year. In addition to crossing the $100 million threshold this month, Coupa.com achieved two other major milestones that speak to its rapid growth and market acceptance: over 2,300 suppliers are now connected to the system and more than 60 customers are utilizing Coupa to manage their spending, budgets, and suppliers.
"We are delighted to have helped our customers manage over $100 million of spend with our system," said Dave Stephens, CEO and co-founder of Coupa Software Incorporated.
"Our rapidly growing customer base and ease of supplier integration attest to the value of spend management software offered as a low-cost, low-risk service."
Coupa.com helps small and medium-sized businesses control costs and improve purchasing efficiencies with an easy-to-use, web-based purchasing system that automates the entire procure-to-pay process, from requisitioning, approvals, and purchase order creation to RFQs, receiving, inventory, and invoicing. With pre-built connectivity to major suppliers and hosting and application management performed by Coupa, companies can be up and running in days, without IT involvement. Coupa gives growing companies the purchasing controls and automation of the Fortune 500, at a fraction of the cost and complexity of traditional enterprise software solutions.
The Coupa.com web-based purchasing system is available now.
About Coupa Incorporated
Coupa Incorporated offers the industry-leading Coupa.com web-based purchasing system. Founded in 2006 by enterprise software veterans with decades of experience in electronic purchasing systems, Coupa stands apart as the only company dedicated to bringing the power of effective procurement to every organization.Learn more at: coupa.com or call 650.931.3200. Read more on the Coupa Blog, or follow @Coupa on Twitter.