Coupa's user-friendly design, prescriptive
community insights, and co-innovation with customers are among the
strengths recognized
SAN
MATEO, Calif., Jan. 5, 2023
/PRNewswire/ -- Coupa Software (NASDAQ: COUP), a leader in Business
Spend Management (BSM), has been positioned in the Leaders Category
in both the Enterprise and Midmarket IDC MarketScape for Worldwide
SaaS and Cloud-Enabled Travel and Expense Applications. For a
complimentary copy of the report, click here.
This is the third time IDC has recognized Coupa for its Travel
and Expense (T&E) solution. IDC named Coupa as a Leader based
on its heavy investment in applied AI through Community.ai,
strength in tirelessly integrating customer feedback, and steadfast
focus on delivering user-centric design.
"We're incredibly proud to be recognized by IDC as a Leader in
T&E. Building from the ground up with our customers has allowed
us to co-innovate features that were a necessity but also deliver a
radically different solution. By harnessing the power of Coupa's
platform and trillions of dollars of spending, our T&E solution
provides organizations with powerful benchmarking and prescriptive
recommendations to help increase efficiency and drive greater
savings," said Raja Hammoud,
executive vice president of products at Coupa.
The IDC MarketScape found Coupa's open spirit of cooperation and
co-innovation with customers to be a key strength. The report
states, "Customers often pick Coupa and stay with Coupa over other
vendors due to the strong emphasis on ensuring customer success and
thoughtfully addressing customer needs and feedback."
Bowery, the largest vertical farming company in the United States, designs and builds smart
indoor environments to reimagine the future of food. Through its
network of smart indoor farms and proprietary end-to-end
technology, Bowery is transforming the entire fresh food supply
chain to be simpler, safer, and vastly more sustainable.
"We need a platform that can scale and move forward with us.
With Coupa, everything is connected, automated, and streamlined,"
said David Hose, director of
financial systems, Bowery. "Centralized spend visibility is
critical to cost management and with Coupa, we're able to enforce
end-to-end compliance allowing us to capture all T&E spend —
both before and after expenses are incurred — to control costs and
reduce spend leakages wherever opportunities exist."
Coupa's solution is distinct from anything else in the industry
today because of three key components:
- User-Centric Experience: User-friendly design
accelerates adoption while reducing program management headaches
and eliminating the need for travelers to book off-channel.
- Unified T&E Management: Comprehensive T&E
management in a single, seamless solution that eliminates silos and
optimizes every dollar spent by integrating across the BSM
platform.
- Community-Driven Insights: AI-powered insights from
Coupa's $4T+ of anonymized global community travel and expense data
provide intelligent travel recommendations, savings opportunities,
and business benchmarks.
Get started with Coupa today. Visit coupa.com.
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.
About IDC MarketScape
IDC MarketScape vendor assessment 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.
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SOURCE Coupa Software