Coupa Procure-to-Pay Solution Receives Highest Score for Proficiency
November 28 2016 - 7:30AM
Business Wire
Industry Report Recognizes Coupa as a Leader in Financial
Process Automation
EDITOR’S NOTE: Coupa
will sponsor a webinar at 11 a.m. EST Wednesday, Nov. 30 that will
feature its Procure-to-Pay solution. To register for the webinar,
please click on the following URL: bit.ly/2f3EESB
Coupa Software (NASDAQ:COUP), a leader in cloud-based spend
management, today announced that it has received the highest score
for proficiency in the 2016 Procure-to-Pay
Navigator report by PayStream Advisors (a Levvel Company).
According to the report, “proficiency” is a measure of both the
functional capabilities and the innovative focus of a software
vendor.
The report, released on November 18, 2016, evaluated
Procure-to-Pay solutions from 16 software vendors across 12
categories. Following its evaluation, the highest score for
“proficiency” was given to Coupa along with an assessment that
Coupa’s “features include high user appeal due to easy PO creation
and intuitive shopping interfaces, configurable approval workflows,
and real-time visibility.” In addition, Coupa achieved the highest
scores possible in the “Invoice Management & Workflow,”
“Electronic Requisitioning & PO Creation,” and “Catalog
Management & Requisition Workflow & Approval”
categories.
“We’re using Coupa’s automation to focus our employees on
patient care instead of back office procurement processes,”
said Bryce Berg, vice president of business services at
Molina Healthcare. “Coupa has been able to adapt with our changes.
We have grown our business using the system, and Coupa has
never missed a beat.”
To help score each solution submitted, PayStream Advisors
received extensive product demonstrations from every provider,
during which the provider’s solution was evaluated against an
extensive list of more than 1,000 individual criteria.
“Coupa’s solution is modern and intuitive, and its transparency
and versatility make it a strong option for large organizations,”
said Jimmy LeFever, director, research & consulting at
PayStream Advisors. “Coupa is a leader in many areas of financial
process automation.”
Coupa continues to meet market demand by incorporating customer
feedback and industry leading innovations into its unified
cloud-based spend management platform. This includes updates across
its travel and expense management, invoicing, purchasing, sourcing,
open business network, and inventory suite applications.
“We’re proud of our results in this new PayStream report as it
validates our laser focus on balancing customer voice, innovation,
and market understanding,” said Donna Wilczek, vice president of
strategy and product marketing of Coupa. “We’re committed to
delivering measurable business value to our customers and rapidly
executing against that commitment.”
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
Relationsorlando.debruce@coupa.com
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