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Coupa Recognized as a Global Leader in the First IDC MarketScape for Procurement Applications
SAN MATEO, CA – January 11, 2018 – Coupa Software (NASDAQ:COUP), a leader in business spend management (BSM), was named a leader in the inaugural IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procurement Applications 2018 Vendor Assessment (Doc #US42219917, January 2018). Among the 13 vendors evaluated, Coupa is recognized as a Leader for capabilities and strategies.
The IDC MarketScape report cites that “companies in nearly every industry have recognized the impact that digital transformation (DX) has had on their industries.” Thus, the development of new digital tools for procurement – like those created by Coupa – “has improved the supply base optimization, supplier visibility and risk management, and supplier relationship management.”
Coupa should be considered, according to the IDC MarketScape report, “when you are a business of any size needing a holistic and extremely encompassing unified procurement platform that is available anywhere and anytime.”
IDC MarketScape report cites Coupa’s areas of value as noted by references:
- Measurable business value with a high return on investment, benchmarking, and real-time actionable analytics
- A unified cloud platform that is business configurable without IT or consulting expertise and that strategically extends to ERP and a rapid innovation aspect with three releases a year
- Rapid adoption rates, the ability to learn once and know everywhere within the system, and a 100 percent mobile platform.
“We’re proud of being named a Leader in the IDC MarketScape report as it further validates our obsession to deliver measurable value at every touchpoint of our customers’ journey,” said Rob Bernshteyn, CEO, Coupa. “We have been maniacally focused on ensuring customer success because that is our number one core value at Coupa.”
The IDC MarketScape report states that “SaaS and cloud-enabled procurement software, when coupled with continuous innovation, quickly becomes a strategic asset for procurement. In the DX economy, speed and scale are growing factors of survival and when one of your most sacred resources, your suppliers, are integrated with your procurement system, the value will continually be front and center.”
Born in the cloud, Coupa delivers a modern spend-management platform that accelerates business by unifying processes across all the ways employees spend money. These processes cover travel and expense management, procurement, invoicing, and related source-to-settle areas. 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 Procurement Applications 2018 Vendor Assessment” report here.
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 Twitter.
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.