Release 22 continues to advance Coupa’s market leading Business Spend Management (BSM) platform with new capabilities centered around supplier risk management and compliance, efficiency and ease of use, and project management across BSM.
Coupa can proactively retrieve Risk Aware supplier scores and health indicators for bidding suppliers during complex sourcing events such as logistics and raw materials. Coupa surfaces critical supplier health information within CSO, including key financial, judicial, news sentiment, community and third-party data.
Coupa helps administrators and project managers leverage community information to identify which electronic invoicing channels their suppliers are already setup to use, thereby enabling more electronic transactions that are faster, less error-prone, and at lower cost.
Coupa now allows managers to pre-approve expense reports for their teams and not have to review the itemized report later. If the expense report meets the pre-approved spend tolerances, it will automatically be pushed through for payment, enabling managers to “set it and forget it”, saving valuable time for busy managers by eliminating unnecessary redundant approvals.
Based on Coupa’s guiding principle that the best user interface (UI) is no UI, Coupa now enables Customers to approve or reject directly within Slack, thus making it even faster and easier for employees to effectively manage their business spend from anywhere. With improved Slack Coupabot notifications, users can approve or reject purchase orders, requisitions, invoices, and expenses directly without having to leave Slack. Learn More
Users can associate projects and events with contracts and sourcing events and easily manage tasks with owners, deadlines, and links to collaborate effectively across teams. Multiple related sourcing events and contracts can be linked to the same project for tracking and project management across initiatives.
Users can set savings goals for each sourcing event in order to provide visibility and alignment across all teams involved.