SAN MATEO, Calif., Jan. 23, 2019 /PRNewswire/ -- Coupa Software
(NASDAQ: COUP), a leader in business spend management (BSM), today
announced that it has been named a Leader in the IDC
MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Payable
Applications 2018–2019 Vendor Assessment, US44753119, January 2019.
Among the strengths contributing to Coupa's position in the
Leader category are:
- Strong technology platform with high satisfaction from
end-users
- Globally available invoicing with robust approval and
compliance capabilities
- Exceptional reporting capabilities for any level of
visibility
According to the report, IDC recommends considering Coupa if you
are looking for an "AP automation platform capable of handling
large and complex organizations" or "a solution with a large
supplier network and powerful self-service tools including full
configuration and global e-invoicing compliance without the need to
develop custom code."
"Finance leaders today are seeing the value that comprehensive
solutions for managing accounts payable automation can bring to
their organizations," said Kevin
Permenter, senior research
analyst at IDC. "Coupa
continues to deliver innovation and value in several areas of a
company's accounts payable process through consistent execution and
a clear vision."
"Being named a Leader and recognized for our comprehensive and
unified BSM platform in the IDC MarketScape for AP is wonderful
validation of our focus on driving innovation and value with
our customers," said Raja Hammoud, senior vice
president of products at Coupa. "As a community, we are
laser-focused on transforming employee and supplier experiences to
digitize business and increase value for both sides of the business
spend equation."
The IDC MarketScape found that Coupa offers advanced,
configurable control models that deliver e-invoicing compliance for
40 countries as well as Coupa InvoiceSmash, a feature that converts
PDF invoices into structured data "much more accurately than OCR."
This automation can save time, reduce the chance of error, and
minimize the burden on suppliers.
For Coupa customer Ionis Pharmaceuticals, automated AP led to
significant increases in efficiency and productivity. "Coupa
provided us an accelerated time-to-value. We are now able to
process more than double the number of requisitions and nearly
three times the number of invoices than we did prior to
Coupa," says Isaac
Ballesteros, assistant director of Accounting at Ionis
Pharmaceuticals.
To download a complimentary copy of the full report, click
here or to learn more about the Coupa BSM Platform, visit
www.coupa.com.
About IDC MarketScape
IDC 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.
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