Coupa Releases 2018 Business Spend Management (BSM) Benchmark Report
February 21 2018 - 7:30AM
Coupa Software (NASDAQ:COUP), a leader in cloud-based business
spend management (BSM), announced today the publication of its 2018
benchmark report titled: ‘12 Ways To Measure Business Spend
Management Success’.
The report identifies 12 of the most important key performance
indicators (KPIs) in business spend management and shows that, in
addition to improving process efficiency and compliance, leading
organizations can realize savings of up to nine percent of their
spend under management by digitizing their processes. With spend
under management often measuring in the millions or even billions
of dollars, percentage savings of this magnitude are significant
and show directly on a company’s bottom line.
In compiling the report, Coupa aggregated and analyzed anonymous
data compiled by its Community Intelligence from customers that
represent the top quartile of performers per KPI in 2017. The KPIs
include indicators such as ‘Requisition-to-Order Time’, ‘First-Time
Match Rate’, ‘Pre-Approved Spend’ and ‘Realized Savings’ and have
been assigned across four categories – Process Efficiency,
Digitization, Compliance and Savings. Since the benchmark analysis
uses actual transactional spend data, the results reflect reality
and have not been influenced by subjective opinions that can occur
in survey-based benchmark reports.
“It’s incredibly valuable to be able to compare your own
business spend management performance to leaders in the field,”
said Amit Duvedi, vice president – business strategy at Coupa. “The
report shows the levels that are already being achieved so it is
clear what is possible and what organizations should be striving
for.”
Alongside identifying levels of savings that are achievable, the
benchmark report also shows how digitizing spend management has
additional benefits such as improving process efficiency and
reducing fraud through digitizing purchase order processing and
expense reporting.
“When organizations decide to embark on a business spend
management initiative, one of the first things they need to do is
define what success looks like, and how it should be measured,”
said Duvedi. “Benchmarks are a great resource for that, and the
benchmarks presented in this report can help organizations set very
specific targets.”
The report is a valuable resource for all organizations wanting
to compare their own business spend management performance against
leaders in the field and the full report can be downloaded
here.
About Coupa Software Coupa Software
(NASDAQ:COUP) 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
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 LinkedIn at https://www.linkedin.com/company/99595/.
Media inquiries:Orlando De BruceCoupa
SoftwareGlobal Public
Relationsorlando.debruce@coupa.comO (650) 485-8629
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