Coupa Recognized as a Global Leader in the First IDC MarketScape for Procurement Applications
12 January 2018 - 8:30AM
Coupa Software (NASDAQ:COUP), a leader in business spend management
(BSM), was named a leader in the inaugural IDC MarketScape:
Worldwide SaaS and Cloud-Enabled Procurement Applications 2018
Vendor Assessment (Doc #US42219917, January 2018). Among the 13
vendors evaluated, Coupa is recognized as a Leader for capabilities
and strategies.
The IDC MarketScape report cites that “companies in
nearly every industry have recognized the impact that digital
transformation (DX) has had on their industries.” Thus, the
development of new digital tools for procurement – like those
created by Coupa – “has improved the supply base optimization,
supplier visibility and risk management, and supplier relationship
management.”
Coupa should be considered, according to the IDC
MarketScape report, “when you are a business of any size needing a
holistic and extremely encompassing unified procurement platform
that is available anywhere and anytime.”
IDC MarketScape report cites Coupa’s areas of value
as noted by references:
- Measurable business value with a high return on investment,
benchmarking, and real-time actionable analytics
- A unified cloud platform that is business configurable without
IT or consulting expertise and that strategically extends to ERP
and a rapid innovation aspect with three releases a year
- Rapid adoption rates, the ability to learn once and know
everywhere within the system, and a 100 percent mobile
platform.
“We’re proud of being named a Leader in the IDC
MarketScape report as it further validates our obsession to deliver
measurable value at every touchpoint of our customers’ journey,”
said Rob Bernshteyn, CEO, Coupa. “We have been maniacally
focused on ensuring customer success because that is our number one
core value at Coupa.”
The IDC MarketScape report states that “SaaS and
cloud-enabled procurement software, when coupled with continuous
innovation, quickly becomes a strategic asset for procurement. In
the DX economy, speed and scale are growing factors of survival and
when one of your most sacred resources, your suppliers, are
integrated with your procurement system, the value will continually
be front and center.”
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.
Download an excerpt of the “IDC MarketScape:
Worldwide SaaS and Cloud-Enabled Procurement Applications 2018
Vendor Assessment” report here.
About Coupa SoftwareCoupa 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 Twitter.
About IDC MarketScapeIDC
MarketScape vendor analysis model is designed to provide an
overview of the competitive fitness of ICT (information and
communications technology) suppliers in a given market. The
research methodology utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a
single graphical illustration of each vendor’s position within a
given market. IDC MarketScape provides a clear framework in which
the product and service offerings, capabilities and strategies, and
current and future market success factors of IT and
telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
Media inquiries:Orlando De
BruceCoupa Software
Global
Public Relationsorlando.debruce@coupa.com O (650) 485-8629
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