Coupa Named a Leader in IDC Marketscape Worldwide SaaS and Cloud-Enabled Supplier Relationship Management Applications 2018
July 09 2018 - 8:30AM
Coupa (NASDAQ:COUP), a leader in business spend management (BSM),
today announced that it has been
named a Leader in IDC’s
Marketscape Worldwide SaaS and Cloud-Enabled Supplier Relationship
Management (SRM) Applications 2018 assessment.
This marks the fifth IDC Marketscape report this year that Coupa
has been named a Leader. Others include Worldwide SaaS and
Cloud-Enabled Sourcing Applications 2018, Worldwide SaaS and
Cloud-Enabled Procure-to-Pay Applications 2018, Worldwide SaaS and
Cloud-Enabled Travel and Expense Management 2018, and Worldwide
SaaS and Cloud-Enabled Procurement Applications.
“Today’s CFOs are recognizing the power of using comprehensive
solutions for managing spend rather than just siloed applications,”
said Mickey North Rizza, program vice president,
IDC. “Coupa has been named a leader in multiple areas of
business spend management, which requires a clear vision,
innovation, and consistent execution.”
Coupa was positioned in the Leaders category of the IDC SRM
Marketscape for the following reasons:
- High return on investment
- Unified platform that extends to ERP and is business
configurable without IT or consulting expertise
- Rapid adoption rates given its ease of use and mobility
According to the report, “The solution incorporates unique
technology and insights across customers using the Coupa platform
to decrease the efforts required to enable suppliers. The Coupa
platform has digitized the supplier enablement and discovery
process such that community intelligence uses AI and machine
learning to create an initial match against the supplier list and
then searches across the community for new suppliers.”
"Being named an SRM leader and continuing to be recognized by
IDC for our full suite of BSM applications gives tremendous
validation not only to the platform we’ve built and the value our
customers see on a daily basis with Coupa, but also of the power of
one platform,” said Rob Bernshteyn, CEO, Coupa.
“Businesses deserve a comprehensive, easy-to-use, and
intelligence-driven platform with an open and fee-free
supplier community. To date, Coupa has welcomed
over four million suppliers to our Open Business
Network—empowering our customers to spend smarter, every day.”
Coupa’s Open Business Network simplifies supplier collaboration
with no network, setup, or supplier fees, providing businesses with
a model that is accessible to suppliers of all sizes—even those
typically ignored by fee-based closed networks—to drive customer
success.
To download a complimentary copy of the full report, click here
or to learn more about Coupa and its BSM platform, click here.
About Coupa SoftwareCoupa Software 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 savingize 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 s 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.
Stefanie GordishStefanie.gordish@coupa.com(415) 590-9722
Coupa Software (NASDAQ:COUP)
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