Leading Analyst Firm Profiles Coupa Software in a New Market Landscape Report
SAN MATEO, Calif. – September 20, 2011 Coupa Software, a leading provider of disruptive and innovative cloud spend management (CSM) solutions, today announced the Company has been profiled in a new Gartner Research report designed to help IT and procurement leaders assess e-procurement, purchase-to-pay and buy-side e-catalog solutions.
The report, “E-Procurement Market and Vendor Landscape,” was written by Deborah R. Wilson, research vice president, Gartner, and Nigel Rayner, research vice president, Gartner.
Of more than sixty candidates for inclusion, thirty-two met the inclusion criteria for a full rating in this report, including meeting the following seven inclusion requirements: size, growth, innovation, product ownership, punch-out support, references and scope. The report features these thirty-two e-procurement solutions providers and rates each against eleven elements spanning from platform capabilities to customer satisfaction. According to the report, “Market requirements for e-procurement have evolved over the past two years as the solution has progressed into a mainstream application.” The report continues, “We’ve seen many vendors make significant investments to improve usability, and we’ve noted enhancements in PDA support, cloud-based delivery capabilities and model-driven business process workflow support.”
“We believe the Gartner report affirms e-procurement software as an essential business tool in our cost-conscious culture,” said Rob Bernshteyn, CEO, Coupa. “Gartner’s thorough evaluation of the e-procurement market provides companies with the knowledge they need to select the best vendor for their business. We are proud to be included and recognized.”
Coupa’s cloud spend management solutions enable companies to effectively manage spend and generate savings that contribute directly to the bottom line. Regardless if that spend originates with a requisition, an invoice, or a reimbursable expense, Coupa’s easy-to-use interface streamlines how employees manage and spend company money.
About Coupa Software
Coupa is the leading on-demand provider of solutions that control and streamline purchasing and expense management for organizations large and small. Coupa Cloud Spend Management delivers an easy to use, fast to deploy and affordable solution for requisitions, expense reporting, approval management, purchase orders, RFQs, contract compliance, inventory and invoicing, with no hardware to buy or software to license. With deep domain knowledge in e-procurement, a best-in-class cloud platform, and a fast-growing community of customers doing business with over 100,000 suppliers, Coupa enables smarter spending practices that empower companies to save money quickly. Learn more at: coupa.com or call 650.931.3200. Read more on the Coupa Blog, follow @Coupa on Twitter, or follow Coupa on LinkedIn at https://www.linkedin.com/company/coupa-software.