Expands on the foundation of its acquisition of treasury
management software (TMS) provider Bellin
MATEO, Calif. and ETTENHEIM, Germany, Aug. 22,
2022 /PRNewswire/ -- Fluctuating markets require
companies to have a granular level of visibility into their cash
position and cash projection. Today, Coupa Software (NASDAQ: COUP),
a leader in Business Spend Management (BSM), announced Coupa
Treasury innovations designed to help companies improve liquidity
during uncertain economic times.
Coupa's Business Spend Management platform is the only
comprehensive solution that provides treasurers with a complete
view of company spend and cash - across treasury, finance,
procurement, and supply chain.
Coupa helps organizations strengthen their financial position
- Unlocking hidden yield with end-to-end source to settle
cash visibility. By gaining transparency into spend activities
across the organization, treasurers can find untapped yield.
- Future proofing the business with increased resilience
and agility. Treasurers can prepare for disruption and growth with
more accurate forecasting based on full spend visibility across the
- Improving liquidity by breaking down internal silos.
Treasurers can take advantage of procurement-negotiated early
payment discount terms, pay later options, and various payment
options to increase effective yield.
Hundreds of global companies are using Coupa to get visibility
and control over financial data to improve cash forecasting,
including About You, Puma, CBRE, Velcro, and more.
Tamir Shafer has been appointed
to lead Coupa Treasury sales growth and global go-to-market
expansion. Shafer has 20+ years' experience in the treasury space,
having written the TMS specifications for Goldman Sachs' home-built
treasury management system. He has been with Coupa since 2018.
"Coupa's Business Spend Management platform goes beyond average
TMS solutions by providing a holistic, unified, and real-time view
of all spend. Because our technology spans across all spend
activity happening in the back office, we can unlock visibility
into transactions that a treasurer previously would not know about,
sometimes into upwards of millions of dollars," said Tamir Shafer, Coupa Treasury global vice
president. "Whether companies need to quickly dial down spend when
disruption hits, fund growth to scale the business, or incentivize
ethical supplier behavior, treasury teams require full visibility
into transactions across all back-office functions in order to
accurately forecast cash."
"At About You, the treasury management system Coupa Treasury has
been providing more automation and transparency in our cash and
payment management for years," says Ahmet
Yildiz, Director Finance at About You, one of the largest
fashion and lifestyle platforms in Europe. "The expected synergies made it easier
for us to decide to use Coupa's Business Spend Management platform
for our e-procurement in the future. This will be another important
building block for optimizing our processes regarding a
standardized purchasing process and the continued improvement of
our cost structure."
"Liquidity is the lifeblood of an organization. To safeguard
liquidity, especially in volatile economic times, treasurers need
systems that enable them to be more agile and make smarter
decisions on cash, debt, and investment management. Coupa's BSM
platform, which Treasury is an integral part of, ensures treasurers
full visibility across company-wide spend activities, helping them
maintain solvency, provide liquidity, anticipate future needs, and
deliver significant additional business value to their
organization," said Enrico Camerinelli, Strategic Advisor,
Upcoming on Coupa's product innovation roadmap for Treasury is
advanced integrations between payments and procurement processes,
as well as helping companies improve profitability through
Community.AI - data-driven AI insights from trillions of dollars of
anonymized cumulative global spend data.
For more information, please visit here.
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, visit
coupa.com or follow us on LinkedIn and Twitter.
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SOURCE Coupa Software