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Coupa and NetSuite Partner to Transform Procurement and Expense Management, Driving Customer Savings
Integrated Solution Provides Businesses Real-Time Visibility into Spending and Savings
LONDON, Coupa INSPIRE EMEA Conference — October 16, 2014 — Coupa, Inc. (Coupa) today announced a strategic partnership with NetSuite Inc. (NYSE: N), the industry’s leading provider of cloud-based financials / ERP and omnichannel commerce software suites to jointly promote and market the Coupa Cloud Procurement and Expense Management SuiteApp built for NetSuite to businesses seeking to transform their procurement and expense management processes. The integrated solution helps business improve spend visibility, gain more control over their financial processes, improve purchasing decisions and realize savings that directly impact the bottom line.
Companies can realize huge savings by having their end users purchase goods and services through the best suppliers and in adherence to corporate policies; and by avoiding the inefficiencies of needing to find other channels or expensing purchases after the fact. This strategic partnership brings together the strengths of both cloud leaders and offers the following key benefits to businesses:
- Consumerizing financial applications, making it easy for employees and suppliers to transact and get what they need using any device. With the integrated NetSuite and Coupa solutions, companies can stay within budget with executive dashboards and real-time alerts that provide visibility into spending; prioritize audits with intelligent audit scoring; benchmark their spend management against key performance indicators in real time; and drive user adoption of company cost saving initiatives.
- Bringing cloud-based solutions to companies of all shapes and sizes transforming the way they do business and making them more competitive.
- Enabling both front office and back office users to take full advantage of an integrated solution combining the world’s #1 cloud based business management suite with the industry’s leading cloud procurement and expense solution. As part of this relationship, Coupa and NetSuite have invested in the technical integration of their respective cloud platforms using Coupa’s Cloud APIs and NetSuite’s SuiteCloud development platform.
“We believe this relationship can bring immense value to our joint customers. They can now take advantage of the benefits of both Coupa and NetSuite to help their employees easily purchase all of their goods and services including indirect goods anywhere, regardless of the device those customers are using—be it a smart phone, a tablet, or a personal computer,” said Zach Nelson, NetSuite CEO.
“The combination of cloud-delivered capabilities from Coupa and NetSuite offers Box real value in our procurement and expense management processes,” said Jeff Mannie, vice president and controller at Box. “The integration of these platforms and their underlying data gives Box a powerful new way to get even more insights into our business and identify opportunities to drive efficiencies and capture savings as a result.”
Rob Bernshteyn, Coupa CEO added, “Coupa and NetSuite share a common goal of making customers successful by leveraging the data across both of our cloud platforms. We are excited to continue to enhance their experience by creating an even tighter integration between our products and our companies.”