Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Applications
Thank you for Subscribing to CIO Applications Weekly Brief
Coupa Software: Streamlining Consumer E-Commerce to Procurement
Rob Bernshteyn, CEO
As the role and prevalence of SAP solutions grows across the industry verticals, the need for a more defined solution that can be leveraged by the end users emerges to drive greater value for businesses. Stressing on the need to accommodate new functions, Coupa Software, a provider of cloud based applications for procurement and expense management enables clients to streamline their procurement management process with a vision to deliver consumers the e-commerce ease. “Our aim is to provide customers with the industry’s best solutions that add value to their bottom line by driving measurable and quantifiable outcomes,” says Rob Bernshteyn, CEO, Coupa Software.
A SAP certified firm, Coupa has the ability to provide flexible solutions that can suit any version of SAP. The near-universal character of the procurement solution by Coupa has enabled clients to bring consistency to large business operations and provide transparency to those working with SAP or many instances of SAP. Additionally, Coupa’s solutions can infuse in any format including native IDOC integration, Webservices or flat file. To save firms from the maintenance cost associated with on-premise hosted solutions, Coupa has organically developed its cloud based pre-integrated Procure-to-Pay (P2P) solution that help clients to have complete visibility and control over the entire procurement process. The solution allows users to search products or services by either manually entering the data or browsing through the categories. The P2P solution also helps clients scan through the list of relevant items following which the user can compare the items or products that best fits their requirement. The system can also point out to the right product for the client if it is not available on Coupa. P2P enable clients to procure the required commodity from the right supplier based on contract, complying to the fiscal approval norms. It also provides clients with the necessary data like general ledger codes or workflows and allow them to track purchase orders in real-time.
Our aim is to provide customers with the industry’s best solutions that add value to their bottom line by driving measurable and quantifiable outcomes
Along with the P2P solution, Coupa also delivers its Invoicing software solution that benefits the clients by providing an accurate, efficient, and timely invoice processing. With the help of this software, clients can strengthen their supplier relationship by offering visibility into their orders, payments, and invoices. It also enables clients to capture payment discounts and reduce business risk. Coupa’s solutions empower its clients to deliver measurable business impact. In one such instance, Armstrong World—a manufacturer of flooring, cabinets, and ceiling needed a comprehensive solution to globalize their spend management. By leveraging Coupa’s solution the client was able to identify the gaps and fill them with improved software solutions to enable the spend flowing while managing their procurement process. The firm’s solutions helped the clients to gain more visibility to their procurement system and analyze it from a more strategic perspective. “We have now deployed in China, India, and are in process of deploying in Russia and other parts of Eastern Europe. It meets our need of managing spend well,” explains Scott Cooper, VP, Global Procurement, Armstrong.
Moreover, Coupa’s spend management suite is recognized by a number of research firms as a top solution in the global procurement market. Forging ahead, Coupa will continue to facilitate procurement professionals to maintain contract compliance while monitoring external spend and aims to enhance its portfolio to serve clients better.