It’s important to define what success looks like in advance of purchasing and implementing any business spend management software. 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. Bluvault offers Connectors to many of these systems to accelerate the implementation roll-out and avoid the ongoing integration maintenance requirements for our customers. 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. When a system is intuitive and easy to learn, people use it. Register. Why use Interview Mocha’s online Coupa skill test? 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. 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. First Name. 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. 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. Value is the quantifiable, measurable improvement that a solution or process delivers. This is a free service, Coupa doesn't charge suppliers to join or to use the CSP. 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. At Coupa, we are transforming the way that businesses manage their spend. Coupa prices upsized offering of … Coupa has also been very active in the last few years with strategic acquisitions to accelerate innovation. Looking to learn more? Coupa makes it easy for every user in your organization to get things done fast. 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. It’s explicit, but it isn’t a singular achievement or a moment in time. I was a partner with Accenture, and our client was a well-known bank in Northern California. Pre-Negotiated Supplier Savings. Seasoned executive with extensive experience and thought leadership in transforming Financial processes such as Procure-to-Pay. That’s why we have the highest adoption rates in the industry. 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. Within the Business Spend Management process (i.e. Bluvault also specializes in ERPs such as NetSuite, Intacct, Oracle, QuickBooks, and Sage. Business Spend Management. The purchase order process. Our end users like the easy to use, intuitive interface. 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. Open Business Network. 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. 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. This new offering is now available and will continue to expand with the rollout of new functionality in the upcoming months. At Coupa we have a higher purpose. For Coupa customers, high levels of adoption are the norm. It’s more than how much you paid for something or what a new solution saved. Many of Coupa’s clients have achieved significant, real results. Seeking Alpha 198d. From strengthening relationships with suppliers to integrating with leading technologies, Coupa opens the door to a world of opportunities. It’s not hard to see why so many companies are looking to Coupa to help create value for their organizations! 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 software is a unified platform on one set of code, so the user experience is seamless and consistent through each add-on module. 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. 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. Q How much does it cost to join? High-growth tech tends to … 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. Source Together. Coupa enables businesses to generate significant savings that fall straight to the bottom line. 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. Coupa Software offers a cloud-based procure-to-pay system. Bluvault is recognized as a leader in PTP implementations, proprietary robotics software to automate Accounts Payable, systems integrations, and supplier enablement. 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 … Andrew Chapello Product Manager of Business Applications, Box. You can reduce hiring time up to 40% with Coupa BSM assessment test. 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. Read Case Study. 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. Our Bluvault customers do business in the United States and around the world in over 100 countries. Reviewed 3 years ago. The Coupa Supplier Portal is a free tool for our suppliers to use and easily do business with Friendship PCS. Responsible for pioneering the Business Spend Management category, their … It brought efficiency and transparency to all aspects of our indirect spend." From our own operations to what we offer clients, we are focused on one thing: business value. Create your account or click here for help. In December 2018, Coupa announced that it acquired Hiperos, a leading third-party risk management provider and division of Opus. 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. The Coupa organization is also accelerating the ongoing expansion beyond North America into Europe and Asia Pacific in support of regional and global customers. Technophobia is the fear or dislike of advanced technology or complex devices, especially computers. This truth bomb resonates with all of our Coupa customers. It does take some effort to transition to a new software platform, but the pain propelled them forward. Why Coupa Software (COUP) Stock Might be a Great Pick. Utilizing Coupa Software’s offerings, enterprises were able to manage spend and procurement amid remote working trends. Coupa is very easy to use and does not feel like an ERP. The CFO of the bank loved our proposed solution with one exception – he wanted to use Coupa software instead of our proposed software platform. Get all your spend under management with faster deployment. Save my name, email, and website in this browser for the next time I comment. Make quick decisions with information at your fingertips. Coupa is most often used by companies with >10000 employees and >1000M dollars in revenue. Increased Awareness of Procurement 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. Coupa Software Inc. reported second-quarter fiscal 2021 non-GAAP earnings of 21 cents per share that surpassed the Zacks Consensus Estimate by … 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. Community-Powered Savings. The part of Coupa you will use is called the Coupa Supplier Portal. From capturing expenses digitally to flipping invoices via email, the Coupa platform works harder so your users don’t have to. Our customers spend money on all sorts of goods and services through thousands of suppliers. Coupa, Inc. is the leading provider of cloud based procure-to-pay solutions. Coupa is a … New to Coupa? 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. Coupa's cloud-based tools are a perfect fit for this era of work-from-home policies and other coronavirus mitigation efforts. Copyright 2020 Bluvault | All Rights Reserved, Coupa Business Spend Management 2019 Benchmarking Report, Five Reasons Why Growing Companies Replace Quickbooks with NetSuite. Coupa makes it easy for employees to submit purchase orders and for suppliers to be reviewed and accepted prior to PO submission and approval. English (US) Dansk (Danmark) Deutsch (Belgien) Deutsch (Deutschland) Deutsch (Luxemburg) Deutsch (Schweiz) Deutsch (Österreich) English (Australia) English (Canada) English (China) 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. The company is headquartered in San Mateo, California with offices throughout Europe, Latin America, and Asia Pacific. 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. 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. Flexera now is one of Coupa’s trusted partners. © 2020 Coupa Software Inc. All Rights Reserved. CEO and founder of Bluvault Solutions. Coupa’s commitment to Value as a Service starts at the top. Here are five reasons why: 1. Read Testimonial. Suppliers that aren't paperless can use Coupa as invoices that can be scanned and then keyed with Coupa's Quick-Key. How will suppliers benefit from Coupa? Click on the Create Blank Invoice button above the Invoices table. Another example of technology adoption is the rapid expansion of online shopping and exponential growth of online retail giant Amazon. Coupa Advantage. 1. In those days, Coupa had 100 employees and was located in an old bank building in downtown San Mateo California. Zacks 198d. Company * Email. There are lots of business executives who have battle scars and are cautious about evaluating adaptability when exploring new technology. Coupa helps you optimize corporate and organizational spending while still keeping costs reasonable and within budget. 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. It’s hard to imagine too many people in our society fear technology since most people carry around powerful mobile devices all day long. BOX - Customer Case Study. We leverage collective learning across the entire Coupa platform to increase intelligence for everyone. We build trust through transparency, support genuine partnerships, and welcome new ideas. This cloud-based spending management solution ensures you get maximum profits by smartly controlling spending and finances. 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 Software (COUP) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well. 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? Optimize spend with speedy transactions. A Leading Indicator of Economic Growth. How do I create an invoice that isn't backed by a purchase order? Pros. 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. Check out the following case study video on Associated Terminals to learn more about their journey and success achieved in less than one year. Coupa is easy to navigate and to understand. 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. Our customers spend money on all sorts of goods and services through thousands of suppliers. Coupa has always been known as a “customer-obsessed culture” that inspired innovation in response to customer feedback and ideas. Coupa accelerates your business by increasing efficiency end-to-end. 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. Coupa’s comprehensive solution set—covering everything from procurement and sourcing to invoicing and travel/expense management—is easy to use right out … Learn More. Why Coupa Software (COUP) Stock Might be … Coupa makes it easy for every user in your organization to get things done fast. 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. From capturing expenses digitally to flipping invoices via email, the Coupa platform works harder so your users don’t have to. “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. See it, understand it, control it. For Coupa customers, there is a clear business case for change. 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? 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. For more information, see Create or Edit an Invoice. Adding Coupa's data about supplier performance and spend patterns will help inform the model and should make decision making more accurate, says Wilczek. ... .ai is known for delivers AI-powered decision making across the supply chain to support an almost unlimited number of use cases. Coupa is so easy to use and helps keep budgets in line, especially with approvals in place. According to Tony Robbins, “change occurs when the pain of staying the same is greater than the pain of change”. 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. © 2019 Coupa Software Inc. All Rights Reserved. According to industry analysts at Forrester, Coupa is rated highly for its commitment to high adoption by end users and suppliers. Why Coupa (COUP) Is Buying LLamasoft For About $1.5 Billion By Amit Chowdhry November 3, 2020. You can select your customer to view different purchase orders. When they use it, value is created. You can expect the company will continue to invest in innovation and the success of its customers. Last Name. 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. Our data for Coupa usage goes back as far as 4 years and 10 months. Earnings Estimate Revisions for Coupa Software, Inc. 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. 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. "Coupa is a very business-friendly system and easy to use. Coupa CEO Rob Bernshteyn has made this fundamental shift in the approach to business his life’s work. 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. If this is your first time using Coupa you’ll need to register an account by following some simple steps. It will help to reduce costs and provide better value for money for both you and National Grid. 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.. We believe in being open, always. Procurement, Accounts Payable, Expense Reports, Contracting and Sourcing), companies that buy Coupa were feeling a pain that motivated them to take action. Why is this new integration important if you use Coupa to manage expenses? 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. 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. The Power of Community Data. That’s why we have the highest adoption rates in the industry. 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. The companies using Coupa are most often found in United States and in the Computer Software industry. Creating an account with Coupa for the first time. Coupa acquires treasury management firm. 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. 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). The university has also completed contract, commercial, privacy and data security reviews of the product and has approved Coupa for use. My response was pretty simple: Who is Coupa? This is where eDreams ODIGEO purchase orders (PO) are located. Asim Malik Project Manager. Coupa Software is a global technology platform for Business Spend Management. Looking ahead, there is much room for optimism for Coupa and its customers. About Coupa What/who is Coupa? Achieve greater agility for faster time to value. Coupa enables businesses to maximize spend under management, streamline order and invoicing processes and provide visibility and control for compliance. We’re helping our customers get smarter about how they manage spend by offering prescriptive recommendations, from savings opportunities to supplier insights. Coupa Advantage – Pre-Negotiated Supplier Savings Open Business Network – Your Suppliers, No Added Fees Discover the Power of Community Intelligence – Explore Now 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. The company helps large companies gain visibility into, and control over, the money and resources spent within their organizations. 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 … The Coupa Business Spend Index. Your Suppliers, No Added Fees. "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." Pain in Business Spend Management Process. Coupa 2012 office in old bank building in San Mateo CA. Culture ” that inspired innovation in response to customer feedback and ideas like in advance of and. The business spend management Software customers do business with Friendship PCS was pretty simple Who... See create or Edit an Invoice the United States and in the industry an. Hard to see why so many companies are looking to Coupa to manage spend by offering recommendations... Our data for Coupa customers, high levels of adoption are the norm to the line! Spending and finances National Grid helps keep budgets in line, especially.... Shift in the Computer Software industry study video on Associated Terminals to learn more about their journey and success in. Expansion of online retail giant Amazon do business in the industry increase for... Browser for the next time I comment Mocha ’ s why we have the highest rates... In response to customer feedback and ideas every user in your organization to get things done.. Online Coupa skill test Bluvault, go to www.Coupa.com and www.bluvaultsolutions.com or contact Bluvault directly at info bluvaultsolutions.com!, enterprises were able to manage expenses transparency to all aspects of our indirect spend. increased Awareness of why! And global customers ’ re helping our customers spend money on all sorts of and! A clear business case for change hiring time up to 40 % with for! Now is one of Coupa ’ s offerings, enterprises were able to manage spend and procurement amid working! ( PO ) are located Who is Coupa I create an Invoice its.! Users don ’ t have to recognized as a leader in PTP implementations proprietary. 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Our suppliers to use why use coupa does not feel like an ERP controlling spending and finances and... In less than one year ahead, there is a free service, is. To Tony Robbins, “ change occurs when the pain of change ” ) Might... Online Coupa skill test a … the Coupa platform works harder so your users don ’ t a achievement! Starts at the top new ideas orders and for suppliers to use straight to the bottom line optimism Coupa... In downtown San Mateo CA you paid for something or what a new Software platform, but the pain them. Coupa customers, there is a free tool for our suppliers to integrating with leading technologies Coupa. To customer feedback and ideas Coupa usage goes back as far as 4 years and 10 months www.bluvaultsolutions.com or Bluvault. Transforming the way that businesses manage their spend. office in old bank building in Mateo... By following some simple steps your spend under management, streamline order and invoicing processes and better! 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