SAN MATEO, Calif., March 23, 2018 (GLOBE NEWSWIRE) -- Coupa Software AG (NASDAQ:COUP), a leader in business spend management (BSM), was named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procure-to-Pay (P2P) Applications 2018 Vendor Assessment. Among the 11 vendors evaluated, Coupa is recognized as a leader for capabilities and strategies.
This is the third time Coupa is being recognized as a leader in an IDC MarketScape report. Earlier this month, Coupa was named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Travel and Expense (T&E) Management 2018 Vendor Assessment (Doc #US43569218). And in January, Coupa was named a leader in the inaugural IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procurement Applications 2018 Vendor Assessment (Doc #US42219917).
For the P2P applications report, IDC MarketScape selected the vendors based on a market survey, as well as its own independent research, to ensure that vendors’ procure-to-pay systems qualified as SaaS or cloud-enabled and were already serving numerous enterprises.
Coupa, according to the IDC report, should be considered by businesses of any size if they need “a holistic and extremely encompassing, unified procurement platform including procure-to-pay that is available anywhere and anytime.”
“We’re proud to be named a Leader in three separate IDC MarketScape reports, across procurement, travel & expense management, and procure-to-pay. This recognition further validates our commitment to deliver measurable value for our customers,” said Rob Bernshteyn, CEO, Coupa. “All of our BSM solutions are built on a cloud platform, which makes it easy for organizations to manage their business spend in a comprehensive manner in one place.”
References for Coupa, according to the report, have noted the following areas of measurable business value:
Born in the cloud, Coupa is a BSM platform that “may be configured meeting the needs of businesses from small and medium-sized business to multinational large global enterprises,” according to the IDC MarketScape report. Coupa accelerates business by unifying processes across the various ways employees spend money. These processes cover procurement, invoicing, expense management, supplier management, strategic sourcing, contracts, risk management, analytics, and more. Using the Coupa Open Business Network, the platform has connected more than 3 million suppliers and delivers a powerful solution for businesses committed to controlling their spend.
Download an excerpt of the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procure-to-Pay Applications 2018 Vendor Assessment (Doc #US43263818e, March 2018) here.
About IDC MarketScape: IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Coupa Software AG
Coupa Software AG (NASDAQ:COUP) is the cloud platform for business spend management (BSM). We deliver “Value as a Service” by helping our customers maximize their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. Customers – small, medium and large – have used the Coupa platform to bring billions of dollars in cumulative spend under management. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.