Coupa and Aisino Corporation Partner to Form Strategic Alliance
08 November 2017 - 12:30AM
Coupa Software (NASDAQ:COUP), a leader in cloud-based spend
management, announced today that it formed a strategic alliance
with China-based Aisino Corporation to help global companies with
branches in the world’s second largest economy manage their spend
on Coupa’s unified platform.
The alliance will help enable multinational companies in China
to manage their spend – including tax invoice issuances – with
Coupa’s Procure-to-Pay solution. Currently, many global
companies with offices in China process their tax invoicing outside
of a spend software platform because China requires businesses to
issue every invoice via its closed authorized tax invoice issuance
program as part of the Golden Tax program.
The cloud tax alliance will help global customers manage their
tax invoices via Aisino on Coupa’s unified platform while still
being able to meet the tax reporting requirements of the Chinese
government.
“Our international customers want to streamline their global
spend processes in China, and we are fulfilling their request by
forming this alliance with Aisino – the only one of its kind in the
world’s second largest economy,” said Roger Goulart, senior vice
president of business development and alliances at Coupa.
Under this arrangement, Aisino and Coupa will build joint
enterprise solutions and products - from invoice to tax management
and financial management – to streamline spend for multinational
companies in China.
“Aisino has chosen Coupa to join this cloud tax strategic
alliance based on the company’s successful track record in
other parts of the world and also its early successes in China,”
said Jianjian Wang, senior executive who works in the Golden Tax
and Enterprise Market Central Division at Aisino. “Both companies
will bring to this collaboration their collective business
expertise to create a one-stop-shop experience for customers.”
“Having been invited to join Aisino´s cloud tax strategic
alliance as the only foreign service provider is a great honor for
Coupa and testament to the superior purchase-to-pay processes we
have built over the past years," said Markus Hornburg, vice
president of global product compliance at Coupa. “This will help
enhance our reach and deliver tangible value for our customer base
in one of the most complex tax systems in the world.”
Forward-Looking Statements: This release
includes forward-looking statements. All statements other than
statements of historical facts, including the proposed benefits and
capabilities of the strategic alliance with Aisino, are
forward-looking statements. These forward-looking statements are
based on Coupa’s current expectations and projections about future
events and trends that Coupa believes may affect its financial
condition, results of operations, strategy, short- and long-term
business operations and objectives, and financial needs.
These forward-looking statements are subject to a number of
risks, uncertainties and assumptions that may cause actual results
to differ materially, including: we have a limited operating
history, which makes it difficult to predict our future operating
results; if we are unable to attract new customers, the growth of
our revenues will be adversely affected; because our platform is
sold to large enterprises with complex operating environments, we
encounter long and unpredictable sales cycles; if we fail to
develop widespread brand awareness cost-effectively, our business
may suffer; the markets in which we participate are intensely
competitive; our business depends substantially on our customers
renewing their subscriptions and purchasing additional
subscriptions from us; any decline in our customer renewals would
harm our future operating results; because we recognize
subscription revenues over the term of the contract, fluctuations
in new sales will not be immediately reflected in our operating
results and may be difficult to discern; and we have experienced
rapid growth in recent periods, and if we fail to manage our growth
effectively, we may be unable to execute our business plan,
maintain high levels of service or adequately address competitive
challenges.
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 SEC on September 8, 2017, 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 filings Coupa makes
with the SEC from time to time.
The forward-looking statements in this release reflect Coupa’s
expectations as of the date hereof. Coupa undertakes no obligation
to update publicly any forward-looking statements for any reason
after the date of this release to conform these statements to
actual results or to changes in our expectations.
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 LinkedIn at
https://www.linkedin.com/company/99595/.
Media inquiries:Orlando De BruceCoupa
Software Global Public
Relationsorlando.debruce@coupa.comO (650) 485-8629
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