Press Releases

Gulf International Bank Selects Coupa

Leading Middle Eastern Bank chooses Coupa to manage its corporate spend

London, UK– 17 April 2017 – Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, today announced that Gulf International Bank (GIB) has selected Coupa’s Purchase to Pay (P2P) and Expense Management solution. By implementing Coupa, GIB aims to improve the process of managing all types of business spend including streamlining supplier collaboration, enhancing the employee experience and improving financial visibility and control.

“We selected Coupa to make it easier for our colleagues to buy the right goods and services, at the right price, from the right supplier. Coupa’s intuitive user experience means this can be accomplished without continual reference to procurement policies. We also expect Coupa to bring a new level of financial visibility,” said Stewart McPhail, COO at GIB.

GIB selected Coupa after an extensive review of alternative solutions. Alex Kleiner, general manager, EMEA at Coupa, commented, “We are excited to have the opportunity to drive real measurable value for GIB. This partnership reflects Coupa’s growing investment in the Middle East and we are excited to be working with GIB as a landmark customer in this region.”

About Coupa Software
Coupa Software is the leading provider of cloud-based financial applications. More than 500 customers in over 40 countries, including Sanofi, Salesforce.com, BNP Paribas North America, NEC, Royal Bank of Canada, Swiss Re, and Highmark Health use the Coupa suite of financial applications to support business agility and reduce costs. Coupa provides a suite of true cloud applications for finance, including accounts payable, sourcing, procurement and expense management that allows customers to realise a return on their investment within a few months and savings that continually impact the bottom line. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.

About Gulf International Bank
GIB is owned by the governments of the six Gulf Cooperation Council countries, with Saudi Arabia’s Public Investment Fund being the main shareholder. GIB, the Gulf’s International Bank, helps its clients thrive by working together to realise ambitions. It brings and activates insightful ideas that enable progress. GIB aims to be the preferred financial services partner, delivering bespoke banking solutions to a wide customer base in the region and beyond. This includes corporate banking, asset management, debt and equity capital market services, financial advisory services, mergers and acquisitions, and the world’s first Shariah compliant digital retail banking service, meem by GIB. In addition to its main subsidiaries, London-based GIB (UK) Ltd., and Riyadh-based GIB Capital LLC, it has branches in London, New York, Abu Dhabi, Dhahran, Riyadh and Jeddah with a representative office in Dubai.