Receives Highest Scores in Strategy and Current Offering
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SAN MATEO, Calif., March 24, 2022 /PRNewswire/ -- Coupa
Software (NASDAQ: COUP) has been named a leader in The Forrester
Wave™: Supplier Value Management Platforms, Q1 2022.
"We're honored to be recognized as a Leader in SVM. We've worked
hard to build success in this critical business spend category, and
appreciate Forrester's recognition of us as a leader," said
Rob Bernshteyn, chairman and CEO at
Coupa. "We share this honor with the incredible Coupa customer
community that has co-innovated SVM with us. Together, we have
proved that our 'none of us is as smart as all of us' culture is a
powerful, industry-creating force."
The new Forrester Wave™: Supplier Value Management Platforms, Q1
2022, evaluated solutions from nine software providers across 31
criteria. Coupa received the highest scores possible in 20
criteria.
"The modern platform and exceptional culture … combined with
consistent visionary leadership, and solid execution have helped
Coupa grow to become the largest specialist provider of SVM
software," Forrester found. "Coupa's products excel at ease of use,
resulting from its 'the best UI is no UI' philosophy. Its
commitment to securing high adoption extends to usability and
productivity features targeted at supplier personas."
"Coupa excels at AI-assisted optimization – few competitors have
the contracts or platform to enable customers to compare key
performance indicators against similar peers as Coupa does. We
expect [Coupa] to continue delivering more domain-specific
innovation than its rivals do, particularly via its Community.ai
offerings," Forrester wrote.
Coupa believes that perspective reinforces the company's unique
Value-as-a-Service strategy – working with customers and partners
to co-create new and differentiated capabilities that deliver
increased visibility, actionable insights, and solutions to manage
their spend.
"Coupa helps us make smarter, faster decisions every single day.
We've brought together legacy systems into a unified platform that
allows for greater spend visibility, improved expense management,
and seamless end-to-end transaction processing. We're able to
invest some of our savings back into our business and our
customers," said John Sack, chief
procurement officer at Ally Financial. "Our collaborative
relationship with Coupa is helping Ally optimize spend for highly
complex sourcing events and categories, while driving savings
through operating efficiencies."
"The result of our incredible focus on pragmatic innovations is
a SVM solution that uses the power of Community.ai to deliver
measurable business value – something too often lacking in
enterprise software projects," Bernshteyn added. "We're proud to
help our customers transform their supply chain and back-office,
control costs, reduce third-party risk, and deliver on their
sustainability goals and we're excited about the innovations yet to
come."
To learn more, download a complimentary copy of The Forrester
Wave™: Supplier Value Management Platforms, Q1 2022 here.
About Coupa Software
Coupa is the cloud-based Business
Spend Management (BSM) platform that unifies processes across
supply chain, procurement, and finance functions. Coupa empowers
organizations around the world to maximize value and operationalize
purpose through their business spend. Learn more at coupa.com and
follow us on LinkedIn and Twitter.
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SOURCE Coupa Software