From ERP roots via Procurement-to-Pay, Coupa brings you Cloud-Native Business Spend Management
Coupa’s Business Spend Management (BSM) Platform is a comprehensive, cloud-native solution enabling finance leaders to manage, analyze, and control all of their business spend – from sourcing to payment, and everything in between including procurement, invoicing, expense management, supplier & risk management, and more.
BSM empowers finance leaders to take a holistic approach to maximizing and controlling spend, providing unprecedented visibility and optimization opportunities; the solution is purely focused on providing quantifiable value to customers—from savings to process efficiency to compliance.
Coupa’s unified BSM cloud platform amalgamates siloed and fragmented finance operations, bringing procurement, accounts payable, expense management, and much more into one user-friendly interface. The Coupa user interface will be familiar to employees from the ubiquity of consumer e-commerce sites on which it’s based, but the simple and clear appearance for administrators, employees, and suppliers belies the scalability and power of the underlying platform.
Coupa seamlessly integrates into popular and niche ERP systems, including NetSuite, SAP, and Microsoft Dynamics, ensuring a continuity-focused transition to the next generation of spend management software.
For global companies, Coupa offers easy and in most cases automated management of regional tax and compliance requirements. Combining centralized control with carefully decentralized execution, Coupa ensures that full compliance always underpins business agility. Informed purchasing and efficiency decisions can always be taken safely, therefore, with global reach and effect yet local compliance.
With a range of solutions ranging from accounts payable (AP) automation to budgeting to AI-powered opportunity management, your finance department will drive growth, not prevent it, quickly developing a strategic role with staff learning to adapt and take on a new digitally fluent stance. Your team will soon be able to address underlying, endemic issues rather than putting out daily fires.
A prime example of where resource distribution in a finance department can stand improvement is expense management. Here, Coupa’s systems ensure reductions in spending leakage and improve employee-employer relations with accurate and timely-paid expenses. Desktop and mobile entry and delegated approval ensure that expense ledgers are updated in real-time. AP departments also benefit greatly from Coupa, exponentially increasing the number of invoices that can be processed per day without increasing human resources.
With Coupa’s cloud-based purchase order system as part of the overall P2P offering, purchase requisitions can be routed to the appropriate area of the delegated authority matrix and approved quickly, and then converted to purchase orders by robotic process (RPA).
From daily employee expense management through to multi-billion-dollar supplier contracts, Coupa’s cloud-based solution is your trusted partner. It provides numerous supplier management offerings including contract management, providing right from a collaborative authoring stage up to negotiation management and final operationalizing, as well as supplier information management, invoicing, and advanced sourcing optimization.
This is followed, via the same interface, with insightful tracking and drawing of Community Intelligence—artificial intelligence applied to Coupa’s dataset of over $700 billion in spend under management. This delivers real-time intelligence and benchmarking to help finance leaders and their teams strategically optimize spend and processes across their organizations.
“We believe in providing a seamless, integrated experience for all Business Spend Management needs and giving employees what they need to do their jobs,” said Raja Hammoud, vice president of Product Management, Coupa Software, (our italics). “Without even thinking about it, they’re getting more spend under management and becoming a strategic part of your […] team.”
By removing repetitive activities and mundane tasks, human error is effectively written out of the finance division’s equations, in Source-to-Payment, in supplier management and in expenses; right across all areas of enterprise spend.
With quantifiable business results, often within days of launching, Coupa’s solutions present real Value-as-a-Service. Unlike traditional Software-as-a-Service models, which focus on offering a product with a certain set of features, Coupa measures its success against the quantifiable, measurable improvement that Coupa’s financial solutions and processes deliver to its global customer base.
What success looks like in your company over the long-term depends on your vision, backed by Coupa cloud software and the largest network of established suppliers in the world, in the Coupa Open Business Network.
With Coupa, the CFO gains visibility into operations, control over processes, removal of errors, a pro-active and empowered workforce. Now far beyond procurement, today’s large enterprise is thinking BSM. To get in touch with a representative from Coupa in your area to learn more, click here or attend a live demo, click here.