Procurement Software Solution Built on Amazon EC2: Coupa Software
Company Co-Founder to Speak on Development and Deployment Success at Amazon Start-Up Project Event
Foster City, Calif. – October 22, 2007 – Coupa, a pioneer in e-procurement solutions for small and mid-size organizations (SMBs) and sponsor of the world’s leading open source e-procurement project, today announced that Coupa On Demand, the first complete, on demand e-procurement solution designed for SMBs, now uses the Amazon Elastic Compute Cloud (Amazon EC2) and the Amazon Simple Storage Service (Amazon S3) as the foundation of its infrastructure. Additionally, Coupa’s vice president of product and co-founder, Noah Eisner, will showcase the Coupa solution today in San Diego at The Amazon Start-Up Project event. Eisner’s presentation will discuss how Coupa is able to deliver the most affordable e-procurement solution in its class through the use of Amazon Web Services.
Coupa offers an on demand e-procurement solution for SMBs that automates the entire purchasing process — from requisition, approval, and purchase order creation to RFQs, quotations, receiving, inventory, and invoicing. Taking a fundamentally different approach to e-procurement software, Coupa has been able to bring an enterprise-class, procure-to-pay solution to market at an affordable price because of its commitment to using the latest technologies and components available.
Amazon EC2 changes the economics of computing by allowing companies to pay only for capacity that they actually use. The rapidly resizable “in-the-cloud” compute capacity of Amazon EC2 offers organizations a proven computing environment that’s an attractive alternative to options such as colocated, managed, or dedicated hosting, which are expensive and require lengthy server deployments. Amazon S3 provides a simple web services interface that can be used to store and retrieve any amount of data, at any time, from anywhere on the web.
By basing its new Software as a Service (SaaS) offering on Amazon Web Services, Coupa has been able to break through price barriers that have historically prevented SMBs from realizing the benefits of an e-procurement system. Coupa On Demand offers SMBs a robust, feature-rich e-procurement solution with a starting price point of $2,495 for ten users—approximately one tenth the cost of competitive products. Additionally, Amazon EC2 and Amazon S3 provide Coupa On Demand customers with rapid on-boarding and continuous availability.
“The classic enterprise software model of proprietary tools, long release cycles, and big license deals is cost-prohibitive for most SMBs,” said Eisner. “Amazon Web Services have helped Coupa smash that model. The transparent infrastructure enables Coupa to bring customers up quickly, scale fast to meet demand, and let prospects try before they buy. And of course, it has made it possible for us to create a very affordable subscription model.”
“We’re excited to see companies like Coupa using Amazon Web Services to expand the options that small and medium businesses have,” said Steve Rabuchin, Director of Developer Relations for Amazon Web Services. “Such innovation really levels the playing field for small and medium businesses that are trying to grow but are often resource constrained.”
Hosted in start-up "hot spots" around the country, “The Start-Up Project” is a series of half-day events that feature fast-growing companies and their use of Amazon Web Services. Attendees learn about how Amazon Web Services empower entrepreneurship, innovation, and sustainable growth. Eisner’s presentation on October 22 in San Diego will showcase the role of Amazon EC2 and Amazon S3 in the delivery of Coupa On Demand, which was also announced today. For more event details, please see http://aws.amazon.com/startupproject.
Coupa provides simple, quick, and affordable on demand e-procurement solutions and sponsors the leading open source procurement project. Coupa On Demand delivers big business procurement automation and spending controls to small and mid-size organizations, enabling companies to streamline processes, improve productivity, and save money. Coupa Express, the open source solution of choice among small and mid-size companies, has been downloaded by more than 9,500 organizations worldwide.
For more information please visit www.coupa.com or call 650.585.6306.