Continuing to drive value through Business Spend Management
for global organizations
SAN
MATEO, Calif., Nov. 30,
2022 /PRNewswire/ -- Coupa Software (NASDAQ: COUP)
today announced that it has been named a Leader in the 2022 Gartner
Magic Quadrant for Procure-to-Pay Suites* for the seventh
consecutive time. For a complimentary copy of the 2022 Gartner
Magic Quadrant for Procure-to-Pay Suites, click here.
The report evaluated 16 procurement management vendors across 15
types of evaluation criteria and positioned Coupa in the Leaders
quadrant and placed it furthest for Completeness of Vision and
highest on Ability to Execute.
"It's an immense honor to be continuously recognized by Gartner
in Procure-to-Pay (P2P) Suites. We believe this is a huge
validation of the customer-focused innovations we've co-created
with our Business Spend Management (BSM) community," said
Raja Hammoud, Executive Vice
President of Products at Coupa. "With mounting economic volatility,
it's more critical than ever for companies to have visibility and
control of every dollar they spend. They also have to ensure
compliance, and reduce risk and fraud."
"Coupa's BSM Platform brings together powerful technologies to
connect teams and deliver new levels of performance and purpose.
And with the real-time insights from nearly $4 trillion in aggregated business spend, our
customers are empowered with community-driven prescriptions that
accelerate their success," Hammoud said.
Kantar is the world's leading data, insights, and consulting
company providing insights and actionable recommendations to
clients worldwide. In 2019, Bain Capital purchased a majority stake
in Kantar from WPP. With that transition, the business needed to
build out its own standalone procurement organization to deliver
greater value to the business.
"One of our objectives while shaping the procurement
organization at Kantar has been to build on the use of data to
guide our procurement and sourcing strategies, which ultimately
lead to our selection of Coupa," said Stephen Day, Chief Procurement Officer for
Kantar. "The results so far have been impressive. We now use our
data to ensure better visibility into who we're doing business
with, which we've linked to our sourcing strategy. We set a target
that by 2025 we want 12.5% of our spend going through measurable,
diverse, and inclusive suppliers and, thanks to our data, we are
already over halfway to achieving this goal, helping us to drive
real impact."
Coupa continues to innovate across its foundational
procure-to-pay solution, as well as developing integrations across
the platform to help organizations improve their end-to-end
procurement processes.
Major capabilities of the Coupa Procure-to-Pay solution
include:
- Unified Spend Management Processes: Guide employees
through the buying process by alerting them to discounted pricing
via seamless connection to contracts, multiple options for
electronic invoicing, real-time supplier risk alerts, immediate
analysis of spend, and much more.
- Intelligent Fraud Detection: Manage risk more
efficiently and effectively by leveraging the latest AI and ML to
detect errors and flag fraudulent activity automatically across all
business spend with Spend Guard.
- Compliant Invoicing: Keep up with changing regulations
while managing suppliers across borders with Coupa's
Compliance-as-a-Service (CaaS).
- Seamless Payments: Automate reconciliation and easily
manage all payments to suppliers, employees, subsidiaries, and
other beneficiaries with Coupa P2P.
- Prescriptive Insights: Take advantage of collective
community insights and connections to get the best prices, drive
more efficiencies, and improve operational performance by
leveraging over $4T in spend data across Coupa's platform using
AI.
- Ecosystem of Partners: Make Coupa the hub of any
business's spend management operations through pre-built and
certified partnerships with hundreds of third-party companies
including payment partners, suppliers, and technology
partners.
Get started with Coupa today. Visit coupa.com.
*Gartner, Magic Quadrant for Procure-to-Pay Suites, By
Micky Keck, Lynne Phelan, Balaji Abbabatulla, Patrick Connaughton, Published 28 November 2022.
Gartner Disclaimers
Gartner and Magic Quadrant are registered trademarks of
Gartner, Inc. and/or its affiliates in the U.S. and internationally
and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service
depicted in our 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 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. Learn more at coupa.com and follow us
on LinkedIn and Twitter.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/coupa-named-a-leader-for-the-seventh-consecutive-time-in-2022-gartner-magic-quadrant-leader-for-procure-to-pay-suites-301690448.html
SOURCE Coupa Software