COUPA STRATEGIC SOURCING SOFTWARE
Intelligent sourcing software for the modern business
Drive More Than a Process:
Unlock Sourcing’s Strategic Value
Sourcing teams often spend too much time trying to manually compile and integrate spend data from multiple systems to identify opportunities. Coupa Sourcing quickly optimizes your resources and provides the rich capabilities you need to source indirect goods, direct materials, goods for resale, complex services, and everything in between.
Designed with the user in mind, Coupa Sourcing offers an intuitive, user-friendly experience that empowers employees to easily collaborate anywhere on any device with the most sophisticated suppliers to the smallest companies. This is not all. Because it is 100 percent cloud, Coupa Sourcing users can be up and running in a few short weeks. It's all about time to value.
Coupa Sourcing also goes beyond legacy sourcing software solutions by intelligently tracking all your business spend across contracts, travel and expenses, invoicing and procurement, and automatically presents you with sourcing opportunities that can drive even more value to your business. We call it suite synergy.
Intelligent Event Sourcing
Savings and speed are at the top of the list with all of your employees, power users or not. Coupa Sourcing makes it easy to quickly get to the best market price for all your goods and services.
- Category managers can spend half their time researching supplier and spend information to prepare for sourcing events. Coupa's sourcing software makes that easy with complete visibility into PO, invoiced, and expensed spend.
- Get automatic suggestions on some of the most-researched opportunities—such as increased spend in a particular category.
- Our secure, online, self-service user experience allows managers to create sourcing events leveraging templates, RFQ and RFx tools.
Sourcing Consumerized for the End User
Most businesses want to run more sourcing events but don’t have the capacity or know-how to reach beyond a relatively few categories of spend. It takes too long to gather requirements, create the documents, and manage the events with the tools at hand. Coupa's sourcing software lets you create and run fast sourcing events that add up to savings and business value within hours or days.
With preconfigured templates and a simple straightforward user interface, the processes are contained to one useful dashboard that all key stakeholders leverage in real time. What used to take weeks can now take hours.
- Source more of your spend with events that are easy to use for managers throughout the company.
- Create events quickly by copying from a template or an existing event.
Goodbye to Siloes
The impact of sourcing multiplies when you can pull out the barriers between sourcing and purchasing. When a user can't find what they're trying to buy, don’t let that simply be a lesson learned for next time.
- Automatically identify large, in-flight purchase requests to buyers who can immediately send them out to bid.
- Empower employees with self-service spot buys-to-deliver savings and compliance while freeing up time for the sourcing team.
Ensure Compliance and Improve Transparency
Sourcing events generate measurable business value when you create a transparent, integrated approach to managing all of your spend. Coupa helps you close the loop by integrating sourcing into procurement and extending it to the day-to-day management of your contracts, orders, inventory and suppliers.
With Coupa, collaboration across stakeholders is easy. Suppliers can get started quickly using the Open Business Network™. Manual legwork is eliminated, leading to stronger compliance for all.
- Extend your sourcing reach to all types of contracts and suppliers with events that are easy-to-use for both users and suppliers, delivering savings and compliance with multiple-bid and other policies.
- Give managers the tools they need to run compliant processes efficiently, such as the ability to score on specific attributes and weight scores.
- Instantly operationalize event results by automatically moving winning bids into catalogs and the purchasing process, including in-flight request.
“One of the nice things about the dashboard in Sourcing is that as a manager of a Sourcing team, I can quickly look and see how my team is conducting reverse auctions or RFPs in one central spot … it gives a good overlook into Sourcing activities.”
— Chris Henry, Sr Manager of Strategic Sourcing, T. Rowe Price
Start Anywhere, Go Everywhere
Source-to-Pay is 100 percent mobile and fully unified with Coupa so customers can quickly configure more parts of the Coupa platform as their business needs change. This is true business agility. Delivered. Modern business moves fast and Coupa Sourcing enables you to make decisions and move faster.
Coupa Sourcing leverages Coupa’s unified cloud platform for spend analytics, contract management, supplier information management, procurement, invoicing, travel and expense management, and the Coupa Open Business Network™ with more than 3 million suppliers. This easily extends the reach of sourcing across your entire organization.
Drive employee adoption and cost savings.
Eliminate paper, increase efficiency and ensure compliance.
Visibility and compliance through automation. Employees love using it!
Sourcing robust enough for the pros, but easy enough for business users.
Drive Cost Savings, eliminate wasteful spend.
CONTRACT LIFECYCLE MANAGEMENT
Get all the savings you negotiated.
CONTRACT LIFECYCLE MANAGEMENT
See budget impact before you approve spend.
Get a single view of all areas of spend.
Respect your suppliers. Increase adoption, no fees and frictionless!
Leverage Coupa’s industry leading catalog management with your ERP procurement.