SAN MATEO, Calif., Feb. 2, 2022 /PRNewswire/ -- Coupa Software
(NASDAQ: COUP), a leader in Business Spend Management (BSM), today
launched a set of next-gen spend management innovations under the
umbrella of Community.ai. Coupa combines the power of data-driven
artificial intelligence with person-to-person connections to
transform B2B communities and how buyers and sellers interact.
Underpinning Coupa's Community.ai is the massive amount of data
generated every day from more than 2,000 global customers – Coupa's
platform has processed $3+ trillion of cumulative spend from the
BSM community. Combined with novel ways for users to interact
directly and in groups, Coupa's proprietary artificial intelligence
aggregates data and then leverages it to help organizations
discover deeper insights, make better decisions, and support mutual
success.
"Community.ai gives our growing community of customers valuable
business insights at an unparalleled scale and speed," said
Rob Bernshteyn, chairman and CEO of
Coupa. "We're not just imagining a better business community, we're
building one with our customers. And as our community grows, we
believe it will continue to become exponentially smarter and more
valuable for everyone that's part of it."
The spend management capabilities at the core of Community.ai
are anchored in Coupa's Community Insights and Community
Connections.
Community Insights: Capabilities leverage anonymized
transaction data to unlock business value for users to become more
efficient, profitable, and sustainable.
Examples include:
- Pricing Insights: Benchmark prices for items frequently
purchased across the Coupa community to identify and execute on new
savings opportunities. View aggregated statistical pricing analyses
and take action with prescriptive recommendations to help users
secure the best possible prices for those items.
- Process Insights: Track key metrics to measure the
impact of improvement initiatives and benchmark performance against
industry leaders. With Process Insights, users can better
understand their procure-to-pay process efficiency by easily
analyzing the relationships between requests, orders, invoices, and
payments.
- Early Payment Discount Insights: Review realized and
missed early payment discount opportunities to gain a deeper
understanding of organization performance, helping AP teams move
beyond basic cost controls and drive more strategic
initiatives.
- Community Supplier Search: Easily discover new suppliers
by searching across the broader Coupa community. This expanded
search experience helps users discover new suppliers, improve
sourcing event selection, and increase spend with diverse
suppliers.
Community Connections: Capabilities leverage a massive
community of BSM professionals to share knowledge and tap into
greater savings.
Examples include:
- Community People Finder: Search for specific people, or
filter through users by their role, region, industry, or
commodities they work with to increase the ease of connecting with
community members.
- Community Updates: Get an all-encompassing view of the
latest and most relevant community content, events, and product
capabilities tailored to a user's specific role with the new
community overview page. This single destination for the latest
community activity, allows users to easily engage with the
community and receive real-time notifications on group
activities.
- Community Messaging: Stay up to date with community
messages directly within Coupa. Users can access a simple
cross-company chat service to connect with other relevant users in
shared parts of the BSM workflow allowing for open dialog.
"Coupa is the first provider in the business spend management
sector to actually win deals on the power of embedded community
benchmarks for procure-to-pay," says Jason
Busch, Founder of Spend Matters. "The extension of
permission-based, opt-in community benchmarks to embedded
performance feedback, operational support, prescriptive
recommendations, and a social business platform across
source-to-pay and adjacencies can help Coupa further differentiate
its suite. We can't wait to see how Community.ai continues to
evolve."
Take advantage of Community.ai by becoming part of the Coupa
Community today, learn more at www.community.ai.
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. To learn more about Coupa,
visit www.coupa.com or follow us on LinkedIn or Twitter.
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SOURCE Coupa Software