Release 25 harnesses the collective wisdom of the Coupa community to provide advanced visibility and control over business spend in one comprehensive platform.
Inclusion and diversity are becoming critical success factors for modern supply base management. Coupa provides customers with information pooled from the community so that sourcing managers are empowered with supplier diversity information as they’re picking suppliers to help support CSR initiatives. Customers can also filter suppliers by health, diversity, risk levels, and ship to countries to find the right suppliers who align with the particular needs of the company.
Coupa extends the power of Community Intelligence to more BSM applications, including Risk Assess and Coupa Contingent Workforce. Customers can now improve their risk evaluation process for third parties with prescriptive Community Intelligence by benchmarking their practices against those of the Community Leaders. Managers can track their team’s key performance indicators such as cycle times and completion rates.
Nearly every business purchase begins with a contract. Less than 6 months after the Exari acquisition, Coupa has integrated its new Contracts Lifecycle Management (CLM) Advanced product into the core BSM platform. This adds new capabilities such as the ability to turn sourcing events into contracts and contracts into requisitions for customers to manage complex contracts at scale. The integration of CLM Advanced adds to Coupa’s suite synergy and helps customers manage all phases of the purchasing process in one comprehensive platform.
Managing service-based projects is now easier than ever. Customers have expanded visibility and control of service projects with the ability to measure resources used, such as labor and materials compared to the statement of work. This helps project managers budget and plan for services-based projects in real-time rather than waiting until a project is complete.
Empower employees to make intelligent spend decisions with information pulled from third-party partners. New customizable panel applications expand Coupa’s open platform to provide a bridge between third-parties and Coupa's growing community. Customers can now surface relevant information, such as CSR data from Ecovadis, within their Coupa instance on a supplier page. The flexibility to add external data to a customer’s Coupa Instance means less toggling between browser pages and more powerful in-moment information for decisions.
New consumer-like expense payment options make reimbursing employees for approved expenses easier right within Coupa. This demonstrates Coupa’s commitment to transforming B2B payments by removing complexity and weaving payments throughout business spend processes. A new early access program empowers companies to reimburse employee expenses directly within Coupa as the one-stop-shop for end-to-end expense management. This improves reimbursement speed and reduces the complexity of managing multiple and manual systems for AP and HR teams.