Coupa Open Business Network Simplifies Supplier Collaboration With No Network Fees

Coupa Open Business Network Simplifies Supplier Collaboration With No Network Fees

Coupa’s fee-free supplier network creates efficiency for business-to-business (B2B) e-commerce

SAN MATEO –May 6, 2015 – Coupa Software, the leading provider of cloud applications for finance, today announced updates to the Coupa Open Business Network. Recognizing the hurdles businesses face from legacy supplier networks, the Coupa Open Business Network provides the speed, transparency and flexibility needed in today’s fast-moving, global business environment.

The Coupa Open Business Network instantly connects customers and suppliers without any setup or transaction fees, providing businesses with a model that is accessible to suppliers of all sizes – even those typically ignored by fee-based closed networks – to drive customer success.

“In the ever-evolving realm of B2B e-commerce, companies need solutions to help efficiently manage their global supply chain and day-to-day business,” said Raja Hammoud, vice president of product marketing and management at Coupa. “With our enhanced Coupa Open Business Network, all of the world’s businesses, regardless of size, can connect to one another efficiently all with no transaction fees or friction.”

By using the Coupa Open Business Network, companies can become compliant to government mandates, increase profitability and reduce costs by driving electronic transactions from purchase order through e-invoice and payment visibility. Suppliers of all sizes benefit, as they are able to join the networked economy without changing their technology or spending money on transaction fees.

“Coupa enables my business to connect to my large customers easily so I can create e-invoices in minutes right from my phone,” said Brian Abrams, CEO, Corporate Imaging Concepts. “Because I don’t pay anything at all to use Coupa, I never have to worry about my profits eroding or hurting the relationship with my customer by asking them to pay my supplier fees.” 

Coupa Open Business Network features include:

• Supplier connectivity options including Coupa Supplier Actionable Notifications, Coupa Supplier Network, direct connection via CXML and EDI, and direct email
• Easy supplier onboarding (including options that do not require supplier registration or login)
• Seamless interaction with Coupa’s award winning Cloud Spend Management solution suite covering e-Invoicing, Expenses, Procurement, Sourcing, Inventory, Contracts, and Analytics
• Supplier owned user management and advanced authorization capabilities
• Supplier owned profiles including images and social network links
• Streamlined experience for suppliers including guided video tours
• 100% mobility with no app or software installation required

The updated Coupa Open Business Network user interface is simple to navigate and requires little to no training for suppliers to instantly manage transactions. Coupa continues to invest in providing a streamlined and timesaving process for all suppliers while keeping the transaction model free.

The Coupa Open Business Network updates are live and available at no additional cost through an Internet connection with no software installation needed. Coupa can be connected to any ERP (SAP, Oracle, NetSuite, Great Plains, etc.) to help global companies everywhere decrease costs, increase profitability and achieve compliance.

For more information, attend one of Coupa’s live webinars, which showcase the updated Coupa Open Business Network in action. Additional information can be found here: www.coupa.com

About Coupa Software
Coupa Software is the leading provider of cloud-based financial applications. More than 450 customers in over 40 countries use the Coupa suite of financial applications to support business agility and reduce costs. Only Coupa provides a suite of true cloud applications for finance, including accounts payable, sourcing, procurement and expense management that allows customers to realize 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 at our company blog, Making Cents or follow @Coupa on Twitter.