SAN MATEO, Calif., Jan. 10, 2019 /PRNewswire/ -- Coupa Software
(NASDAQ: COUP), a leader in business spend management (BSM), today
announced that it has expanded its relationship with Amazon Web
Services (AWS) to allow for greater IT spend visibility and
efficiency within Coupa. Customers can now quickly configure their
AWS account to send their invoices into Coupa's platform for
touchless digital processing. This provides greater visibility of
their invoices for AWS services and AWS Marketplace products, while
granting greater control into IT business spend as part of their
broader business spend management strategy.
"AWS allows companies to innovate faster, by making their
infrastructure more agile and efficient and AWS Marketplace enables
customers to easily find, buy, and deploy thousands of software
products built to run on AWS. Coupa's platform makes total business
spend more agile and efficient. Together, we allow organizations to
run their businesses smarter," said Dave McCann, vice president, AWS Marketplace and
Catalog Services at Amazon Web Services, Inc. "We're delighted
to work with Coupa to help our shared customers optimize and better
track their IT cloud spending across AWS services and the thousands
of third-party software products in AWS Marketplace being
provisioned daily by over 200,000 global AWS Marketplace
customers."
First announced in December 2015,
Coupa's collaboration with AWS has grown with market innovations
such as Coupa Open Buy with Amazon Business, which
streamlines the employee buying experience and increases
organizational compliance, and AWS Marketplace availability of
Coupa BSM solutions.
"We're excited to expand our relationship with AWS," said
Rob Bernshteyn, chief executive
officer at Coupa. "With this latest addition of AWS Cloud
invoice automation with Coupa InvoiceSmash, customers can gain
comprehensive visibility into IT cloud spend without additional
effort. This delivers real value to CFO and CIO organizations with
clear IT cloud budget visibility and a reduction of internal
efforts to manage AWS invoices outside normal processes."
Innovative Accounts Payable & e-Invoicing
Technology
Designed to help organizations of all sizes
digitize and automate the often painful accounts payable (AP) and
invoicing process, Coupa InvoiceSmash is a unified application
available within the Coupa BSM Platform to instantly convert
emailed invoices into the field formats required by AP
organizations, resulting in more accurate and timely invoice
processing. Coupa has now worked with AWS to support AWS invoices
in an automated fashion.
"We're always looking to drive efficiencies in our business
utilizing technology," said Carl Harrison, vice president
IT solution development and delivery at Dean Foods. "By using
Coupa to process transactions automatically, we will be able to
focus our resources on more value-added activities and ultimately
bring more spend under management with greater
visibility."
With faster invoice processing times, finance teams benefit by
gaining additional days to support their cash flow management
initiatives, and the ability to maximize supplier discounts and
earn a return on their payables through the power of Coupa's
dynamic discount support. Customers can also benefit by increasing
e-invoicing connectivity with more of their suppliers without the
pain and cost of extensive supplier enablement projects or having
to use legacy optical character recognition (OCR) systems to
manually scan and digitize invoices.
With no supplier fees or friction, Coupa instantly connects the
world's businesses, providing customers with both the flexibility
and freedom they want to transact with their direct and indirect
suppliers. Today, more than 4 million suppliers connect to Coupa
customers to easily collaborate and transact.
For more information on Coupa, click here.
About Coupa Software
Coupa Software is the leading
provider of BSM solutions. We offer a comprehensive, cloud-based
BSM platform that has connected hundreds of organizations with more
than four million suppliers globally. Our platform provides greater
visibility into and control over how companies spend money. Using
our platform, businesses are able to achieve real, measurable value
and savings that drive their profitability. Learn more at
www.coupa.com. Read more on the Coupa Blog or follow @Coupa on
Twitter.
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SOURCE Coupa Software