Coupa Release 16 Innovates Cloud Platform for Business Spend
October 12 2016 - 3:00AM
Business Wire
Update improves collaboration and provides
additional visibility to realize business value
Coupa Software (NASDAQ:COUP), a leader in cloud-based spend
management solutions, today announced Coupa Release 16 (R16), its
third major cloud platform update of the year. R16 delivers better
visibility into the operations and business value of customer spend
management initiatives, increases collaboration, and adds new
capabilities across the entire Coupa platform from expense
management to sourcing, to e-invoicing, and more.
“We are pleased to see this latest update, Release 16, and we
look forward to using it in production within the next few weeks,”
said Mike van Gerven, head of procurement and logistics EMEA at NEC
Europe. “We look to Coupa to continually innovate their cloud
platform.”
As with every Coupa platform update, R16 was designed with a
collaborative and innovative approach that involved customer ideas
and feedback through the active Coupa Community and Coupa Advisory
Boards. R16 was rolled out four months after Coupa R15 in May
2016.
“True cloud software companies have a proven ability to innovate
rapidly using customer feedback and market input,” said Jason
Busch, founder and head of strategy at Spend Matters. “By our
estimates, Coupa’s rate of software development is at least three
times as fast as typical competitors.”
Some of the new features of the R16 platform update include:
- Act As User
Visibility - one of the most difficult aspects of
troubleshooting is to understand what is going on from another
user’s perspective. Administrators may be left having to call a
user and ask for a walk-through of the issue. Now, authorized Coupa
system administrators can act as another user directly, making
troubleshooting and testing easier and faster.
- “At Mention” User
Collaboration - collaboration can often be difficult within
enterprises. Coupa makes collaboration easier by now letting end
users invite a colleague to review a request simply by typing the
“@” symbol and the user’s name.
- Success Metrics
Dashboards - embedded dashboards that pull together
operating information with business key performance indicators
(KPI) to monitor success against their business goals. Each KPI is
automatically calculated and gives the ability to drill down into
underlying operational data across transactions and suppliers.
- Strategic
Sourcing Dashboard - one of the biggest challenges in
Sourcing has always been the gap between negotiated savings and
realized savings. When this gap is significant, money is left on
the table and the value of the sourcing effort may be called into
question. Now, organizations can monitor the effectiveness of their
sourcing efforts, including how off-contract spend may reduce the
impact of sourcing in any category.
R16 also adds numerous features across the cloud platform in
areas including:
- E-Invoicing - Enhanced compliance
templates for Germany and Netherlands
- Analytics - New management span of
control reporting
- Platform - Increased globalization of
catalog item data
- Supplier Information Management -
Easily request new suppliers across the platform
“We’re proud to deliver our third release of the year as our
customers rely on us for continual innovation in a predictable
model that improves business value,” said Rob Bernshteyn, CEO of
Coupa. “R16 helps our customers see the value their Coupa spend
management initiatives are delivering, improves visibility into the
user experience, and increases collaboration throughout the
enterprise.”
About Coupa Software
Coupa Software (NASDAQ: COUP) is the cloud platform for business
spend. We deliver “Value as a Service” by helping our customers
maximize 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 suppliers globally. The Coupa platform provides greater
visibility 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.
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Coupa SoftwareOrlando De Bruce, 650-485-8629Global Public
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