SAN MATEO, Calif., July 09, 2018 (GLOBE NEWSWIRE) -- Coupa (NASDAQ:COUP), a leader in business spend management (BSM), today announced that it has been named a Leader in IDC’s Marketscape Worldwide SaaS and Cloud-Enabled Supplier Relationship Management (SRM) Applications 2018 assessment.
This marks the fifth IDC Marketscape report this year that Coupa has been named a Leader. Others include Worldwide SaaS and Cloud-Enabled Sourcing Applications 2018, Worldwide SaaS and Cloud-Enabled Procure-to-Pay Applications 2018, Worldwide SaaS and Cloud-Enabled Travel and Expense Management 2018, and Worldwide SaaS and Cloud-Enabled Procurement Applications.
“Today’s CFOs are recognizing the power of using comprehensive solutions for managing spend rather than just siloed applications,” said Mickey North Rizza, program vice president, IDC. “Coupa has been named a leader in multiple areas of business spend management, which requires a clear vision, innovation, and consistent execution.”
Coupa was positioned in the Leaders category of the IDC SRM Marketscape for the following reasons:
- High return on investment
- Unified platform that extends to ERP and is business configurable without IT or consulting expertise
- Rapid adoption rates given its ease of use and mobility
According to the report, “The solution incorporates unique technology and insights across customers using the Coupa platform to decrease the efforts required to enable suppliers. The Coupa platform has digitized the supplier enablement and discovery process such that community intelligence uses AI and machine learning to create an initial match against the supplier list and then searches across the community for new suppliers.”
"Being named an SRM leader and continuing to be recognized by IDC for our full suite of BSM applications gives tremendous validation not only to the platform we’ve built and the value our customers see on a daily basis with Coupa, but also of the power of one platform,” said Rob Bernshteyn, CEO, Coupa. “Businesses deserve a comprehensive, easy-to-use, and intelligence-driven platform with an open and fee-free supplier community. To date, Coupa has welcomed over four million suppliers to our Open Business Network—empowering our customers to spend smarter, every day.”
Coupa’s Open Business Network simplifies supplier collaboration with no network, setup, or supplier fees, providing businesses with a model that is accessible to suppliers of all sizes—even those typically ignored by fee-based closed networks—to drive customer success.
To download a complimentary copy of the full report, click here or to learn more about Coupa and its BSM platform, click here.
About Coupa Software
Coupa Software is the cloud platform for business spend management (BSM). We deliver “Value as a Service” by helping our customers maximize their spend under management, achieve significant cost savingize their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of s into and control over how companies spend money. Customers – small, medium and large – have used the Coupa platform to bring billions of dollars in cumulative spend under management. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
Stefanie Gordish
Stefanie.gordish@coupa.com
(415) 590-9722