Coupa Named a Leader in eProcurement by Independent Research Firm
May 31 2017 - 7:30AM
Coupa Software (NASDAQ:COUP), a leader in cloud-based spend
management, today announced it has been recognized as a leader in
eProcurement by independent research firm Forrester Research, Inc.
in a new report titled “The Forrester Wave™: eProcurement, Q2
2017”. This marks two consecutive evaluations where Coupa has been
recognized as a Leader in the Forrester Wave - considered one of
the industry’s most thorough evaluations of enterprise purchasing
solutions.
"Coupa delivers customer success through high usability and
rapid innovation," writes Forrester Vice President, Principal
Analyst Duncan Jones in the report. The report also states: "Its
library of customers describing measurable benefits from using
Coupa is testament to its product and its approach."
The report evaluated 12 of the most significant
eProcurement providers on 30 criteria. In addition to the "Leader"
designation, Coupa received the highest scores for both the Current
Offering and Strategy criteria. Coupa also received the top scores
in the Market Share of New Deals (tied) and Reporting
sub-criteria.
"We’re proud of Coupa being named a leader for the second time
in the Forrester Wave as we think it further validates the real
measurable value we are creating with our customers," said Rob
Bernshteyn, CEO of Coupa. “We believe this ranking independently
confirms that everyone benefits when you listen to your customers,
deliver a comprehensive platform, and continually partner to drive
real, measurable results. This also confirms that our customers
worldwide recognize these as unique Coupa differentiators."
The report also says, "The eProcurement market is growing
because more chief procurement officers (CPOs) see it as a key
element in addressing their top challenges. They want to enable
employees to quickly, safely, and cost effectively buy the goods
and services they need, while maintaining overall visibility and
control."
Born in the cloud, Coupa delivers a modern spend management
platform that accelerates business by unifying processes across all
the ways employees spend money. These processes cover travel and
expense management, procurement, invoicing, and related
source-to-settle areas. Using the Coupa Open Business Network, the
platform has connected more than 3 million suppliers and delivers a
powerful solution for businesses committed to controlling their
spend.
To download a copy of The Forrester Wave report, click on
http://get.coupa.com/ForresterWave2017.html
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.
Media inquiries:
Orlando De Bruce
Coupa Software
Global Public Relations
orlando.debruce@coupa.com
O (650) 485-8629
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