Coupa Wins ‘Innovative Sourcing Technology of the Year’
January 18 2018 - 8:30AM
Coupa Software (NASDAQ:COUP), a leader in business spend management
(BSM), today announced it has won the ‘2017 Innovative Sourcing
Technology of the Year’ category at the annual PayStream Advisors
Innovative Technology of the Year awards.
The PayStream awards identify the most innovative technology
companies and recognizes them for delivering intuitive, progressive
solutions for automating financial processes. Coupa Sourcing
Optimization (CSO) took the top award in its category this year for
providing sophisticated sourcing solutions that enable
organizations to evaluate multiple criteria alongside price to help
identify the ‘best’ solution.
More than 90 vendors entered the awards competition, and the
rigorous judging process included product demonstrations, customer
surveys and in-depth interviews.
“We always believed that we led the field in sourcing
optimization, but recognition such as this validates the faith we
and our clients have in our business,” said Garry Mansell, general
manager of Coupa Sourcing Optimization. “We are proud of the
innovative way we have led the industry, and we look forward to
continuing that legacy in the coming years."
CSO is part of the Coupa cloud platform for business spend and
is used to conduct sourcing projects ranging from simple reverse
auctions to complex large-scale projects involving multiple rounds
of negotiation. CSO gives users access to advanced mathematical
optimization algorithms that help ensure sourcing decisions are
based on the best available options, taking into account specified
objectives and constraints
"Coupa is clearly leading the pack in electronic sourcing
innovation, particularly when it comes to managing complex
categories," said Jimmy Lefever, director of research and
consulting at PayStream Advisors. "We were especially impressed
with the way that Coupa Sourcing Optimization tool uses algorithms
to maximize sourcing outcomes for organizations. It finds the best
combination of suppliers, goods, and services to meet a company’s
specific needs, which is vital in strategic sourcing."
About Coupa Software Coupa Software
(NASDAQ:COUP) is the cloud platform for business spend management
(BSM). 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 LinkedIn at https://www.linkedin.com/company/99595/
Media inquiries:Orlando De BruceCoupa
Software Global Public
Relationsorlando.debruce@coupa.comO (650) 485-8629
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