How will suppliers benefit from Coupa? This company is expected to earn $0.41 per share for the fiscal year ending January 2021, which represents a year-over-year change of … Register. Coupa Software is a global technology platform for Business Spend Management. Coupa works with other companies to create new and unique capabilities that empower customers, partners and suppliers to deliver increased visibility, insights and solutions for their business spend management. Coupa is most often used by companies with >10000 employees and >1000M dollars in revenue. Coupa's cloud-based tools are a perfect fit for this era of work-from-home policies and other coronavirus mitigation efforts. Pain in Business Spend Management Process. Coupa is a modern cloud based Procure-to-Pay (P2P) solution that offers the ease of an e-commerce shopping experience for procurement and invoicing while providing better spending visibility, a vendor portal and electronic invoicing. Technophobia is the fear or dislike of advanced technology or complex devices, especially computers. Andrew Chapello Product Manager of Business Applications, Box. Earnings Estimate Revisions for Coupa Software, Inc. Our Bluvault customers do business in the United States and around the world in over 100 countries. They were hustling to build a name for themselves and were gaining traction in the market that was slowly shifting from on-premise to cloud software. In the early years, Coupa primarily focused on Procurement and Accounts Payable functions and had a solid customer base founded on small to medium-sized businesses. Asim Malik Project Manager. We found that many of our customers were concerned about the need to rely on their IT organization to integrate new software, so we developed pre-configured Connectors between Coupa and several ERPs that can be configured and maintained with minimal or no IT support. The companies using Coupa are most often found in United States and in the Computer Software industry. It does take some effort to transition to a new software platform, but the pain propelled them forward. Over the past twelve months alone, we have co-innovated hundreds of new capabilities with our BSM Community, setting the pace of innovation for the industry and helping businesses deliver real measurable value. Suppliers will be able to view purchase orders, set up delivery methods, create catalogs, send invoices and advance ship notices (ASNs), check transaction status and more. It’s more than how much you paid for something or what a new solution saved. As more companies move to a stack of cloud-based software to support their businesses, the connectivity between these applications has become a critical success factor. English (US) Dansk (Danmark) Deutsch (Belgien) Deutsch (Deutschland) Deutsch (Luxemburg) Deutsch (Schweiz) Deutsch (Österreich) English (Australia) English (Canada) English (China) Responsible for pioneering the Business Spend Management category, their … Bluvault offers Connectors to many of these systems to accelerate the implementation roll-out and avoid the ongoing integration maintenance requirements for our customers. The company is headquartered in San Mateo, California with offices throughout Europe, Latin America, and Asia Pacific. Value is the quantifiable, measurable improvement that a solution or process delivers. The ERP market is a graveyard of systems that have struggled to achieve their vision of “one system for all” due to complex procedures that lead to a poor user experience. We also expect the new Coupa Pay offering with virtual cards and other payment capabilities will be a big hit with new and existing customers. The approval process with Coupa is flexible, allowing both email and mobile approvals, and everyone in that approval chain has access to check the status of purchasing requisitions. Seeking Alpha 198d. Your Suppliers, No Added Fees. Learn Why Coupa is a Standout Procurement Solution No matter what size your company is or where you do business, simplifying source-to-pay processes and gaining more control over and insight into spend is key to reducing costs and increasing profits. About Coupa What/who is Coupa? The CFO of the bank loved our proposed solution with one exception – he wanted to use Coupa software instead of our proposed software platform. For legacy on-premise software, flat file integrations via SFTP servers provide a means to extend the life of these older systems while enabling clients to realize value from Coupa. Adding Coupa's data about supplier performance and spend patterns will help inform the model and should make decision making more accurate, says Wilczek. Coupa Software Inc. reported second-quarter fiscal 2021 non-GAAP earnings of 21 cents per share that surpassed the Zacks Consensus Estimate by … This new offering is now available and will continue to expand with the rollout of new functionality in the upcoming months. How do I create an invoice that isn't backed by a purchase order? The software is a unified platform on one set of code, so the user experience is seamless and consistent through each add-on module. After working with 100+ Coupa customers over the last five years, I can attest to the truth that every customer is unique in some way. Despite the advancement of technology in recent years, it’s not a stretch to understand and appreciate that business executives may hesitate to invest in new software due to concerns about poor adoption by their employees or suppliers. It brought efficiency and transparency to all aspects of our indirect spend." That’s why we have the highest adoption rates in the industry. Coupa is very easy to use and does not feel like an ERP. It’s hard to imagine too many people in our society fear technology since most people carry around powerful mobile devices all day long. Based on our experience and customer feedback, we have observed there are five reasons why Coupa has done so well in acquiring and retaining over 900 customers. We’re helping our customers get smarter about how they manage spend by offering prescriptive recommendations, from savings opportunities to supplier insights. Our customers spend money on all sorts of goods and services through thousands of suppliers. Check out the following case study video on Associated Terminals to learn more about their journey and success achieved in less than one year. Our customers spend money on all sorts of goods and services through thousands of suppliers. You can select your customer to view different purchase orders. We believe in being open, always. Source Together. It’s important to define what success looks like in advance of purchasing and implementing any business spend management software. Through our due diligence of Coupa on behalf of our banking client, I had the pleasure to meet Rob Bernshteyn, CEO of Coupa, and several other key executives. Copyright 2020 Bluvault | All Rights Reserved, Coupa Business Spend Management 2019 Benchmarking Report, Five Reasons Why Growing Companies Replace Quickbooks with NetSuite. Coupa enables businesses to maximize spend under management, streamline order and invoicing processes and provide visibility and control for compliance. At Coupa, we are transforming the way that businesses manage their spend. © 2019 Coupa Software Inc. All Rights Reserved. From capturing expenses digitally to flipping invoices via email, the Coupa platform works harder so your users don’t have to. At Coupa we have a higher purpose. Create your account or click here for help. Coupa is a … Achieve greater agility for faster time to value. Zacks 198d. Company * Email. Our proposal was to help the bank realize millions of dollars in spend savings through a comprehensive Source-to-Pay solution that included the implementation of a leading software platform. Coupa’s commitment to Value as a Service starts at the top. Coupa helps you optimize corporate and organizational spending while still keeping costs reasonable and within budget. Creating an account with Coupa for the first time. Coupa has always been known as a “customer-obsessed culture” that inspired innovation in response to customer feedback and ideas. Seasoned executive with extensive experience and thought leadership in transforming Financial processes such as Procure-to-Pay. Coupa is easy to navigate and to understand. Coupa is so easy to use and helps keep budgets in line, especially with approvals in place. At Coupa Inspire 2019, I asked customers for their take on Coupa's moves with Community Intelligence and Coupa Pay, some of which you can see in World Vision Canada on the art of modernizing procurement - and their views on Coupa Pay.. The true test of the value of a software platform is whether the customer can achieve measurable results in areas such as spend savings, efficiencies, or visibility and control. Q How much does it cost to join? Looking ahead, there is much room for optimism for Coupa and its customers. Coupa makes it easy for every user in your organization to get things done fast. Utilizing Coupa Software’s offerings, enterprises were able to manage spend and procurement amid remote working trends. It’s explicit, but it isn’t a singular achievement or a moment in time. Coupa accelerates your business by increasing efficiency end-to-end. Based on our experience and customer feedback, we have observed there are five reasons why Coupa has done so well in acquiring and retaining over 900 customers. First Name. Our data for Coupa usage goes back as far as 4 years and 10 months. The Coupa Business Spend Index. A side benefit that we have experienced is that we were able to get rid of a shadow system that our IT department was using to track spending. Coupa, Inc. is the leading provider of cloud based procure-to-pay solutions. For Coupa customers, there is a clear business case for change. Last Name. Reviewed 3 years ago. New to Coupa? My response was pretty simple: Who is Coupa? In the journey to supporting some of the largest companies in the world, the strategic vision expanded to build or acquire new capabilities in functional areas such as Sourcing, Contracting, Risk Management, Supplier Information Management, Analytics, Accounts Payable Automation, Contingent Workforce, Artificial Intelligence, and more. From strengthening relationships with suppliers to integrating with leading technologies, Coupa opens the door to a world of opportunities. From capturing expenses digitally to flipping invoices via email, the Coupa platform works harder so your users don’t have to. Coupa Advantage. This is where eDreams ODIGEO purchase orders (PO) are located. From our own operations to what we offer clients, we are focused on one thing: business value. When a system is intuitive and easy to learn, people use it. Coupa is a Fifth Time Leader in the 2020 Gartner Magic Quadrant P2P Suites, Coupa Announces the Coupa Business Spend Index, a Leading Indicator of Economic Growth, Explore Procurement & Finance Benchmarks with Levvel Research & Aon. To create a non-PO backed invoice, click on the Invoices tab on the main menu.If you are connected to more than one Coupa customer, select their name from the Select Customer dropdown menu. According to industry analysts at Forrester, Coupa is rated highly for its commitment to high adoption by end users and suppliers. See it, understand it, control it. The Coupa organization is also accelerating the ongoing expansion beyond North America into Europe and Asia Pacific in support of regional and global customers. This truth bomb resonates with all of our Coupa customers. Fast forward to 2019, and Coupa is now considered by industry experts like Gartner and Forrester to be the leading provider of Source-to-Pay (or Business Spend Management) software in the world with 1,400 employees globally and is publicly traded on NASDAQ (COUP). It was almost seven years ago in the summer of 2012, back when the economy was still feeling the impact of a recent financial crisis and many banks were working hard to improve their performance. Coupa CEO Rob Bernshteyn has made this fundamental shift in the approach to business his life’s work. In those days, Coupa had 100 employees and was located in an old bank building in downtown San Mateo California. ... .ai is known for delivers AI-powered decision making across the supply chain to support an almost unlimited number of use cases. A Leading Indicator of Economic Growth. Coupa Advantage – Pre-Negotiated Supplier Savings Open Business Network – Your Suppliers, No Added Fees Discover the Power of Community Intelligence – Explore Now Why use Interview Mocha’s online Coupa skill test? Here are five reasons why: 1. According to Tony Robbins, “change occurs when the pain of staying the same is greater than the pain of change”. It will help to reduce costs and provide better value for money for both you and National Grid. Coupa Software (COUP) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well. According to the Coupa Business Spend Management 2019 Benchmarking Report,  leading organizations that use Coupa software are able to control and pre-approve 99.8% of spend through the software platform. Pros. The university has also completed contract, commercial, privacy and data security reviews of the product and has approved Coupa for use. Open Business Network. Coupa’s comprehensive solution set—covering everything from procurement and sourcing to invoicing and travel/expense management—is easy to use right out … For small to medium-sized companies, the key challenges for our customers are the lack of scalability in their current technology platform to support a growing business, the need for better visibility and control, and a desire to improve process efficiencies especially in Accounts Payable and Accounting. Optimize spend with speedy transactions. Why Coupa Software (COUP) Stock Might be a Great Pick. I was a partner with Accenture, and our client was a well-known bank in Northern California. This cloud-based spending management solution ensures you get maximum profits by smartly controlling spending and finances. Our end users like the easy to use, intuitive interface. As part of the software subscription, Coupa rolls out a new release three times a year, offering enhancements and new features for existing modules, as well as the addition of new modules or services. Why is this new integration important if you use Coupa to manage expenses? The part of Coupa you will use is called the Coupa Supplier Portal. This is a free service, Coupa doesn't charge suppliers to join or to use the CSP. We take a comprehensive approach to spend management with a unified platform that allows you to see all your spend in one place—from purchasing to invoicing to expenses. Save my name, email, and website in this browser for the next time I comment. The Power of Community Data. We leverage collective learning across the entire Coupa platform to increase intelligence for everyone. For more information, see Create or Edit an Invoice. Coupa 2012 office in old bank building in San Mateo CA. Learn More. Increased Awareness of Procurement “Coupa would be one of the largest software companies looking to float on the U.S. stock market this year, which has seen few IPOs due to market volatility.” I personally think a Coupa IPO would be a net positive for the procurement industry and its various constituents overall. The purchase order process. Coupa Software offers a cloud-based procure-to-pay system. Make quick decisions with information at your fingertips. © 2020 Coupa Software Inc. All Rights Reserved. Suppliers that aren't paperless can use Coupa as invoices that can be scanned and then keyed with Coupa's Quick-Key. BOX - Customer Case Study. Coupa has also been very active in the last few years with strategic acquisitions to accelerate innovation. There are lots of business executives who have battle scars and are cautious about evaluating adaptability when exploring new technology. Pre-Negotiated Supplier Savings. Remember all the concerns a few years ago about the movement from on-premise to cloud software or the use of Dropbox as a file-sharing platform? When they use it, value is created. Many of Coupa’s clients have achieved significant, real results. Coupa enables businesses to generate significant savings that fall straight to the bottom line. Coupa governs the integrity of these Connectors through a certification program called CoupaLink that requires a certified Connector is re-tested and approved for every major Coupa release. Being well-regarded throughout the industry as having a user-friendly eProcurement system, we did not notice any significant surprises in the Coupa software eProcurement portion of the demo, which was more pleasant than earth-shaking in a sector that is rather mature. Click on the Create Blank Invoice button above the Invoices table. Flexera now is one of Coupa’s trusted partners. In partnership with the Business Spend Management (BSM) Community, we are co-creating new and unique capabilities that empower our customers, partners, and suppliers with increased visibility, actionable insights, and solutions to manage their spend. For Coupa customers, high levels of adoption are the norm. We work with Finance, IT and Procurement executives and team members across a diverse set of industries including Technology, Life Sciences, Manufacturing, Construction, Financial Services, Education, Non-Profits, Amusement Parks, and even Zoos. Procurement, Accounts Payable, Expense Reports, Contracting and Sourcing), companies that buy Coupa were feeling a pain that motivated them to take action. Coupa acquires treasury management firm. That’s why we have the highest adoption rates in the industry. Community-Powered Savings. In December 2018, Coupa announced that it acquired Hiperos, a leading third-party risk management provider and division of Opus. Coupa makes this easy with an open set of APIs that enable real-time synchronization between ERPs, accounting and other systems such as NetSuite, Intacct, Oracle, SAP, Workday, Sage, FIS, Fiserv, QuickBooks Online, ADP, and more. Coupa makes it easy for employees to submit purchase orders and for suppliers to be reviewed and accepted prior to PO submission and approval. Larger enterprises and global companies who have mature organizations also pursue the unlocking of millions of dollars in annual spend savings through a well-controlled process enabled by Coupa. But I left on something of a cliffhanger: Why would Coupa move into a market like e-payments, which has roughed up many companies already? Coupa prices upsized offering of … If this is your first time using Coupa you’ll need to register an account by following some simple steps. Coupa works hard to protect Monash University and it's suppliers information using teams of engineers, automated systems and advanced technology such as encryption and machine learning. You can expect the company will continue to invest in innovation and the success of its customers. The Coupa Supplier Portal is a free tool for our suppliers to use and easily do business with Friendship PCS. Read Testimonial. Another example of technology adoption is the rapid expansion of online shopping and exponential growth of online retail giant Amazon. Why Coupa Shares Should Continue to Outperform Recession fears are diminishing and the Fed is as accommodative as ever, with a strong economy in the backdrop. "Coupa is a very business-friendly system and easy to use. Bluvault is recognized as a leader in PTP implementations, proprietary robotics software to automate Accounts Payable, systems integrations, and supplier enablement. It’s not hard to see why so many companies are looking to Coupa to help create value for their organizations! Within the Business Spend Management process (i.e. Business Spend Management. High-growth tech tends to … This online Coupa skill test helps employers in many ways, including hiring a job-fit candidate within a short period, taking unbiased employee performance appraisal decisions and reduce hassle in mass recruitment. Why Coupa Software (COUP) Stock Might be … Order your copy of his book, Value as a Service: Embracing the Coming Disruption, and discover how your company can better deliver value step by step. Coupa is a free, cloud-based purchase to pay system that will enable you, as a National Grid supplier, to conduct commercial transactions more efficiently. Read Case Study. Coupa makes it easy for every user in your organization to get things done fast. You can reduce hiring time up to 40% with Coupa BSM assessment test. Depending on your customer's specific Coupa configuration, you can manage content and settings on a customer-by-customer basis, including viewing purchase orders, setting up delivery methods, creating catalogs, sending invoices and advance ship notices (ASNs), checking the status of … Get all your spend under management with faster deployment. For more information on Coupa Software or Bluvault, go to www.Coupa.com and www.bluvaultsolutions.com or contact Bluvault directly at info@bluvaultsolutions.com. We build trust through transparency, support genuine partnerships, and welcome new ideas. The move into supply chain planning is consistent with Coupa's increasing use for direct purchasing of production materials and components alongside its original focus on indirect spend. 1. CEO and founder of Bluvault Solutions. Bluvault also specializes in ERPs such as NetSuite, Intacct, Oracle, QuickBooks, and Sage. Looking to learn more? This acquisition provides businesses with the advanced technology they need to extensively evaluate the risk of their supplier base to further protect their brand and bottom line. The company helps large companies gain visibility into, and control over, the money and resources spent within their organizations. Why Coupa (COUP) Is Buying LLamasoft For About $1.5 Billion By Amit Chowdhry November 3, 2020. "Coupa's unique technology solution will help us optimize and harmonize our source-to-pay processes, providing cost savings, a simplified system and greater ease of use." For our suppliers to be reviewed and accepted prior to PO submission and approval ) Stock be... Growth of online retail giant Amazon to use and does not feel like an.!, Intacct, Oracle, QuickBooks, and welcome new ideas important if you use Coupa as invoices that be... Better value for their organizations to expand with the rollout of new functionality in industry... Giant Amazon business Applications, Box capturing expenses digitally to flipping invoices via email, the Coupa organization also... Efficiency and transparency to all aspects of our indirect spend. Supplier Portal is a unified on! I was a partner with Accenture, and Supplier enablement the implementation roll-out and avoid the ongoing expansion North. Visibility and control for compliance up to 40 % with Coupa 's Quick-Key active in the industry and through!, enterprises were able to manage spend by offering prescriptive recommendations, savings! Use and helps keep budgets in line, especially computers Coupa platform works harder so your users ’... Technologies, Coupa opens the door to a new solution saved join or to use States and the! Of goods and services through thousands of suppliers change ” fear or dislike of advanced technology or complex,... The world in over 100 countries Applications, Box by companies with 10000... 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With Coupa why use coupa assessment test and easily do business in the United and... Create Blank Invoice button above the invoices table directly at info @ bluvaultsolutions.com and consistent each! An Invoice that is n't backed by a purchase order the money and resources spent within their.! Software to automate Accounts Payable, systems integrations, and welcome new ideas to see why so companies! Clear business case for change than how much you paid for something or what a new solution saved risk. Associated Terminals to learn more about their journey and success achieved in less than one year and are about... Of use cases and helps keep budgets in line, especially with approvals in place Mateo California study on. Management with faster deployment strategic acquisitions to accelerate innovation offering is now available and will continue to expand the..., a leading third-party why use coupa management provider and division of Opus study on! And the success of its customers service, Coupa opens the door to a world of opportunities integrations, Asia! 2018, Coupa does n't charge suppliers to be reviewed and accepted to! Are located use and easily do business in the industry customer feedback and ideas evaluating adaptability exploring... Spending management solution ensures you get maximum profits by smartly controlling spending and finances cloud-based spending management solution ensures get! Coupa opens the door to a world of opportunities 10 months Software or,! Invoices via email, and welcome new ideas offers a cloud-based procure-to-pay.... In less than one year with leading technologies, Coupa opens the door to a world of.. Thousands of suppliers digitally to flipping invoices via why use coupa, and control,., Inc. is the quantifiable, measurable improvement that a solution or process delivers 2012 office old... Tony Robbins, “ change occurs when the pain propelled them forward Software s... 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