IDC MarketScape Worldwide SaaS and Cloud-Enabled Procurement Applications Vendor Assessment

IDC MarketScape Worldwide SaaS and Cloud-Enabled Procurement Applications 2023 Vendor Assessment

IDC MarketScape for Procurement 2023_Coupa Excerpt graph_US48785722fig1.png
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.
Coupa placed in Leaders Category for 3rd time

In the IDC MarketScape Worldwide SaaS and Cloud-Enabled Procurement Applications 2023 Vendor Assessment, Coupa has been named a Leader for the 3rd time. This IDC MarketScape study provides an assessment of SaaS and cloud-enabled procurement software solutions and discusses what criteria are most important for companies to consider when selecting a system. In the report, IDC MarketScape highlighted Coupa’s strengths:

  • A single, unified platform offering a consistent, intuitive user experience in a fully integrated platform that spans the full business spend management space.
  • Client references universally cited an engaged and committed client success team that provides multiple channels for collaboration, updates, and visibility to product enhancements.
  • The open publishing and availability of core procurement metrics/KPIs across the Coupa platform were lauded by users, providing them with a view to both average and best-in-class results that are valuable benchmarking tools.
  • A developed partner community and ecosystem that facilitate collaboration across the Coupa network, easing the supplier management process and leveraging insights for all buyers and sellers that utilize the network.

Read the excerpt to learn more about Coupa’s approach and why it is positioned as a Leader.