SAN MATEO, Calif., Oct. 23, 2019 /PRNewswire/ -- Coupa Software
(NASDAQ: COUP), a leader in Business Spend Management (BSM), today
announced that PSS Industrial Group, a value added distributor in
the energy industry, selected and deployed Coupa's BSM platform.
With Coupa, PSS Industrial Group now has the visibility and control
it needs in one comprehensive solution to make smarter spend
decisions.
Before deploying Coupa, PSS Industrial Group used Concur, but
determined that it was unable to access the necessary information
to analyze spend across its four brands and offices spread across
the United States. The inability
of the accounting team to easily modify and create new reports
caused delays in being able to access the information needed to
make decisions. The cost of having to go back to its former
provider and ask for modifications or additional reports also
worked against its goal of reducing overall travel and expense
(T&E) spend, ultimately leading to a search for a new
solution.
"After going live with Coupa, we have significantly improved the
visibility we have into our T&E spend," said Thomas Cherian, controller at PSS Industrial
Group. "Coupa's user-friendly platform makes it easy for
employees to enter and manage their expenses, and allows our team
to quickly analyze spend and find savings opportunities."
The Coupa BSM platform appealed to PSS Industrial Group because
of its best-in-breed user experience with a native mobile app, an
advanced accounting review, voice expensing, and easy access to
reports that allow the company to not only easily see and manage
its T&E spend, but also negotiate savings and save on future
spend.
"At Coupa, we focus on ensuring our customers' success by
aligning with them from the start on how we can help them deliver
measurable results," said Steve
Winter, chief revenue officer at Coupa. "Being able to
give PSS Industrial Group a solution that provides not only a
better user experience, but the visibility its finance team needed
to identify efficiencies and savings is exactly the kind of value
we want for all our customers."
Coupa empowers companies around the world with the visibility
and control they need to manage all their business spend in one
place. To learn more, visit https://www.coupa.com/.
About Coupa Software
Coupa Software is a leading
provider of BSM solutions. We offer a comprehensive, cloud-based
BSM platform that has connected hundreds of organizations with more
than five 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.
About PSS Industrial Group
PSS Industrial Group,
headquartered in Houston, Texas,
is a portfolio company of West Street Energy Partners, a private
equity fund focused on natural resources/energy managed by Goldman
Sachs Merchant Banking Division. PSS Industrial Group was formed
with the merger of Pipeline Supply & Service and Industrial Air
Tool. The combined group is a leading value added distributor
serving a diverse base of customers in the energy industry.
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SOURCE Coupa Software