U.S. Government Approval Opens New Opportunities to Partner
with Federal Agencies, Accelerate Value for Citizens
SAN
MATEO, Calif., March 14,
2022 /PRNewswire/ -- Coupa Software (NASDAQ:
COUP), a leader in Business Spend Management (BSM), has achieved
Moderate Authorization from the Federal Risk Authorization
Management Program (FedRAMP).
This authorization underscores Coupa's commitment to stringent
security and compliance standards – now including rigorous
cybersecurity standards established by the U.S. federal government
and Department of Defense for cloud solution providers. With this
designation, Coupa is now available on the FedRAMP Marketplace,
enabling every federal agency to begin using Coupa's all-in-one,
cloud-based platform with this trusted layer of security and
compliance.
The U.S. Federal Reserve System Board of Governors sponsored
Coupa to receive authorization from FedRAMP. The federal program
provides a standardized approach for U.S. agencies and departments
to deploy cloud services. It enables public-private partnerships to
promote innovation and the advancement of more secure information
technologies.
"We're incredibly excited to earn the FedRAMP Moderate
authorization and have the opportunity to increase the value we
provide for government agencies at every level," said Jon Stueve, chief legal officer at Coupa. "To
reach this milestone, we met more than 300 exacting security and
compliance benchmarks. The result – Coupa is poised to help
government agencies accelerate their digital transformation and
scale their mission, impact, and success."
Government agencies face constantly evolving complexity and
expectations. Budgets face more scrutiny than ever. Missions are
expanding at an incredible pace. As a result, agencies must strive
constantly to maximize the value of every taxpayer dollar.
"More than ever before, keeping trust with citizens is at the
heart of federal agencies' work. Coupa gives agencies the insights
and agility to deliver on that trust in how they manage and spend
every budget dollar," said Stueve. "With FedRAMP Moderate
Authorization, Coupa's poised to provide agencies with a simpler,
faster, and more intelligent way to deliver success and value for
citizens and stakeholders."
As a cloud-based platform, Coupa unifies siloed back-office
processes across supply chain, procurement, and finance so
organizations can react quickly and confidently to maximize the
impact of every dollar they spend. Coupa helps more than 2,500
organizations around the world maximize the return on their digital
transformations.
Learn more about how Coupa helps serve the Public Sector at
www.coupa.com/solutions/industries/public-sector. Find Coupa in the
FedRAMP Marketplace here.
Forward-looking Statements
This release contains forward-looking statements, including the
market demand in the Federal sector for and acceptance of Coupa's
products and services, the results from use of Coupa's products and
services, and general business conditions, particularly within the
business spend management industry. Any forward-looking statements
contained in this press release are based upon Coupa's historical
performance and its current plans, estimates, and expectations, and
are not a representation that such plans, estimates, or
expectations will be achieved. These forward-looking statements
represent Coupa's expectations as of the date of this press
announcement. Subsequent events may cause these expectations to
change, and Coupa disclaims any obligation to update the
forward-looking statements in the future. These forward-looking
statements are subject to known and unknown risks and uncertainties
that may cause actual results to differ materially.
These and other risks and uncertainties that could affect
Coupa's future results are included under the captions "Risk
Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations," in Coupa's quarterly report
on Form 10-Q filed with the Securities and Exchange Commission
(SEC) on December 7, 2021, which is
available at investors.coupa.com and on the SEC's website
at www.sec.gov. Further information on potential risks that
could affect actual results will be included in other periodic
filings Coupa makes with the SEC.
About Coupa Software
Coupa is the cloud-based
Business Spend Management (BSM) platform that unifies
processes across supply chain, procurement, and finance
functions. Coupa empowers organizations around the
world to maximize value and operationalize purpose
through their business spend. To learn more,
visit coupa.com or follow us
on LinkedIn
and Twitter.
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SOURCE Coupa Software