Coupa Debuts in Gartner Magic Quadrant for Strategic Sourcing Application Suites
February 16 2017 - 8:30AM
Coupa Software (NASDAQ:COUP), a leader in cloud-based spend
management, today announced that Gartner, Inc. has included Coupa
in the February 2017 Gartner Magic Quadrant for Strategic Sourcing
Suites. Gartner first began evaluating and publishing assessments
of this market in 2003.
The 2017 Gartner Magic Quadrant for Strategic
Sourcing Suites report evaluated Coupa against 13 other vendors in
this market for Coupa. Four modules (spend analysis, e-sourcing,
contract management and supply base management) were reviewed in
Gartner’s report. Gartner believes that Coupa met the report
inclusion criteria in part because the company introduced two
additional applications to its unified cloud platform in 2016
(supplier information management in February 2016 and contract
collaboration in May 2016). In January of 2017, Coupa announced the
acquisition of Spend360, a specialist in this strategic sourcing
area. The capabilities acquired were not part of this Gartner
evaluation.
Coupa is a Leader in the June 2016 Gartner Magic Quadrant for
Procure-to-Pay Suites. The company is focused on providing a
unified cloud platform for B2B spend across invoicing, procurement,
and travel and expense management as well as the strategic sourcing
power applications surrounding those business processes.
“We’re not surprised to see Coupa's debut in the Gartner report
on Strategic Sourcing Suites. We’ve been impressed with both their
rapid rate of innovation and how our voice in their customer
product advisory boards has been respected,” said Javier
Carnevali, chief procurement officer at Grupo Herdez.
The 2017 Gartner Magic Quadrant for Strategic Sourcing
Application Suites evaluates the vendor on “completeness of vision”
and “ability to execute.” A vendor’s ability to execute is based on
an in-depth assessment of its product or service, overall
viability, sales execution/pricing, market responsiveness/record,
marketing execution, customer experience and operations.
Completeness of vision includes the criteria: market understanding,
marketing strategy, sales strategy, offering (product) strategy,
business model, vertical/industry strategy, innovation and
geographic strategy.
"We consider Coupa’s inclusion in the Gartner Magic Quadrant for
Strategic Sourcing Application Suites and our status as one of only
five vendors to also appear on the Gartner Magic Quadrant for
Procure-to-Pay Suites as confirmation that Coupa delivers an
intelligent platform that serves all employees from requesters to
power users,” said Donna Wilczek, vice president strategy and
product marketing at Coupa.
Coupa’s debut is an achievement that the company believes
reinforces its customer reach, product capabilities, and global
presence which are the criteria Gartner uses to determine vendors'
inclusion in the research. As a player in this Gartner report,
Coupa is positioned the furthest for execution and vision.
About the Magic QuadrantGartner does not
endorse any vendor, product or service depicted in their research
publications, and does not advise technology users to select only
those vendors with the highest ratings or other designation.
Gartner research publications consist of the opinions of Gartner’s
research organization and should not be construed as statements of
fact. Gartner disclaims all warranties, expressed or implied, with
respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
About Coupa Software Coupa Software
(NASDAQ:COUP) is the cloud platform for business spend. We deliver
“Value as a Service” by helping our customers maximize their spend
under management, achieve significant cost savings and drive
profitability. Coupa provides a unified, cloud-based spend
management platform that connects hundreds of organizations
representing the Americas, EMEA, and APAC with millions of
suppliers globally. The Coupa platform provides greater
visibility into and control over how companies spend money.
Customers – small, medium and large – have used the Coupa platform
to bring billions of dollars in cumulative spend under management.
Learn more at www.coupa.com. Read more on the Coupa
Blog or follow @Coupa on Twitter.
Media inquiries:
Orlando De Bruce
Coupa Software
Global Public Relations
orlando.debruce@coupa.com
O (650) 485-8629
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