Coupa Named as a Leading Global AP Automation Provider in 2017 Report by PayStream Advisors
July 25 2017 - 7:30AM
EDITOR’S NOTE: PayStream Advisors
will host a webinar on the state of global e-Invoicing on August 1.
Anna Barnett, an author of the PayStream report, and Markus
Hornburg, Coupa vice president of global product compliance, will
be the featured guests.
Coupa Software (NASDAQ:COUP), a leader in cloud-based spend
management, announced today that the company has been named
“one of today’s leading global AP automation providers” in
the “2017 Global AP Automation Report” by PayStream Advisors. The
report notes that companies should leverage proven global accounts
payable (AP) automation providers, such as Coupa, to streamline and
simplify their AP processes and invoicing compliance for domestic
and international B2B transactions.
The adoption of a global AP solution, the report cites, should
not only help get rid of paper and manual-based processes, but it
should create a partnership between the company and a knowledgeable
solution provider—such as a provider with enough resources to
enable compliant international invoicing. Moreover, automation
should not stop with electronic invoicing itself, but entail a
holistic approach to AP.
“Given the complexity of global compliance and potential for
fines, PayStream recommends that an organization’s compliance or
audit teams be involved when evaluating AP solutions,“ said Anna
Barnett, research associate at PayStream Advisors. “This will
reduce the risk of selecting a non-compliant invoice solution.”
The report provides researched-based insights into invoicing, AP
automation, and regulatory compliance for organizations. This
information is important because failure to comply with local
regulations and tax laws can result in fines for organization.
However, there is often confusion regarding what constitutes
invoicing compliance in different areas, even among companies that
have been operating globally for many years. For example, many
large multinationals store excessive amounts of paper to show
evidence of compliance, and either outsource or build large
internal teams to manage shifting requirements in each region.
Today, many countries strictly regulate financial processes,
particularly in the area of B2B invoicing and payments, according
to the report. However, legal and tax regulations can vary
dramatically across national borders—or even between member states
of larger regions, such as countries in the relatively standardized
European Union.
“Digitization efforts around business spend must start with
regulatory compliance in mind. After all, if you can’t pass
stringent compliance audits with your selected solution then why
bother starting in the first place,” said Donna Wilczek, vice
president strategy and product marketing at Coupa. “We’ve designed
our invoice compliance as a service offering with a prescriptive
approach for a given country’s requirements both now and as those
requirements change. This enables our customers to have the
advanced capabilities they need to help them reduce operational
costs and comply with local and global regulations.”
To learn more about the state of global e-Invoicing and
regulatory compliance, Coupa recommends attending a webinar hosted
by PayStream Advisors titled: “Ensuring International Business
Success: How To Build Compliant and Efficient Global AP Processes.”
Webinar speakers include: Anna Barnett, an author of the PayStream
report, and Markus Hornburg, Coupa vice president of global product
compliance.
The webinar will be at 2 p.m. EDT/11 a.m. PDT, Tuesday, August
1.Topics to be covered include:
- Electronic invoicing adoption trends and mandates across the
world
- Complying with invoicing regulations across different
regions
- Features and functionality offered in global AP automation
software
- Compliance support and local expertise offered by global AP
solution providers
Accreditation: Webinar participants can earn 1 CPE credit in
Management Services.
Born in the cloud, Coupa delivers a spend management platform
that leverages community intelligence to help businesses become
operationally fit. The platform 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 three
million suppliers and delivers a powerful solution for businesses
committed to controlling their spend.
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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