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Release 24 further leverages the power of community intelligence, collaboration, and platform unification for smarter Business Spend Management.
Enhanced Community Collaboration and Intelligence
SOURCE TOGETHER FOR UNMATCHED SAVINGS
Coupa is bringing together companies with the same purchasing needs to “Source Together.” Customers benefit from Coupa’s scale and comprehensive sourcing expertise to collaborate on sourcing events that can drive greater savings than each individual can achieve by themselves.
IDENTIFY COST REDUCTION OPPORTUNITIES WITH PROCURABLE SPEND SPOTLIGHT
Tap into the wisdom of the community to identify expenses that can be moved to pre-approved spend. To reduce rogue spending and provide more visibility, Coupa Community Intelligence now automatically prescribes which expensed items should be procured based on best-in-class companies, leveraging best practices from more than $1.2 trillion of spend data.
ACCELERATE BUSINESS VALUE WITH COUPA ADVANTAGE TRACKER
The long-standing Coupa Advantage program is built on aggregating spend across the Coupa customer community to negotiate supplier contracts with significant savings that are then made available for all customers to buy from. Coupa’s latest product innovations make it easier than ever for customers to tap into significant business savings through real-time spend assessments that automatically prescribe customer-specific savings opportunities to increase the return on investment on Coupa.
Smarter Payments for Greater Efficiency and Control
SEND MORE EFFICIENT AND SECURE PAYMENTS WITH DIGITAL CHECKS
In the 21st century when payments are going digital, why do most companies still waste time and paper sending physical checks that could get lost in the mail? Digital Checks, an early access program, allows companies to send digital checks that function just like a physical check but provide end-to-end visibility for greater efficiency and control.
CONSOLIDATE INVOICE PAYMENTS FOR HASSLE-FREE AND SECURE PAYMENTS
To handle local requirements and systems, companies pay suppliers around the world using multiple payment systems that are often manual, error-prone, and ridden with costly fees. Coupa Pay takes the complexity out of the process with one secure and digital platform to handle domestic bank transfers and cross-border payments in 140+ countries. By using the platform where companies already manage their spend, Coupa Invoice Payments further automates reconciliation and reporting to help companies spend smarter.
Further Unification of Business Spend Management onto Coupa’s Platform
MANAGE ADVANCED CONTINGENT WORKFORCE SPEND ON THE UNIFIED COUPA PLATFORM WITH COUPA CONTINGENT WORKFORCE
Less than 8 months after its acquisition of DCR Workforce, Coupa has unified advanced contingent workforce management into its BSM platform. This gives companies the power of a single platform to optimize their global spend across procurement, contingent workforce, and travel and expense management categories. Utilizing an industry-first guided services approach, Coupa latest innovation de-risks and simplifies the management of extended workforces.
BENEFIT FROM THIRD PARTY APPLICATIONS WITH THE EXPANSION OF COUPA-AS-A-PLATFORM ACROSS THE PARTNER COMMUNITY
Building on the success of the CoupaLink program and Coupa’s vision for an open and user-centric platform, a new app directory allows customers to further leverage the partner community to address specific business needs. The new Coupa App Directory makes it easy to discover and embed third-party applications. This streamlines the user experience while further unleashing the power of app developers to deliver value to the Coupa community.