|[March 06, 2012]
Coupa Sets Standard in Procurement Software with New Release
SAN MATEO, Calif. --(Business Wire)--
Software, the leading provider of innovative cloud spend
optimization software, today announced the availability of the Coupa
Winter '12 Release. The release includes a host of new features and
reaffirms the company's goal of helping customers reduce their spend and
maximize profitability. Coupa's Winter '12 Release incorporates
innovations that increase usability and help to promote a culture of
"Our focus is on customer success," said Rob Bernshteyn, CEO of Coupa.
"One ongoing challenge our customers face is to reduce maverick,
off-contract spending. With this in mind, our Winter '12 Release
provides new ways to tackle this challenge. Since our solution is 100
percent cloud-based, our customers can take advantage of this and all of
the new features immediately."
With the Winter '12 Release, Coupa is introducing many enhancements,
Coupa Universal Search - Coupa Universal Search improves
customer spend under management for online purchases and provides an
ongoing pricing audit to ensure supplier adherence to negotiated
When users shop for items, Coupa automatically
searches across both local and online catalogs and returns results
under existing negotiated contracts. This eliminates time spent by
users "punching out" to multiple websites to find what they need.
Additionally, suppliers can now offer their customers online ontract
pricing without incurring the cost of setting up punch-out
Coupa Universal Search automatically updates
pricing of online catalogs and checks for changes. Customers can use
this to audit their pricing and ensure suppliers are adhering to their
Auto PO Closure - Auto PO Closure enables users to close books
quickly and accurately. By leveraging the auto feature, purchase
orders will close after periods of inactivity or when they are fully
Smart Release - With Smart Release, clients can approve all
requisition lines that have been evaluated against contracts, helping
to expedite the review process.
Automatic Reminders and Escalations - To eliminate bottlenecks,
the requisition will automatically be forwarded on if the current
approver fails to take action in the allotted amount of time.
The Coupa Cloud Spend Optimization platform consolidates e-procurement
and expense management capabilities into a single cloud-based solution
for managing and more effectively controlling all business spending.
Coupa updates the platform several times each year with new innovations
and solutions to help organizations optimize company spend and impact
their bottom line.
Additional features of the Winter '12 Release include:
API improvement for creating receipts
Auto-recalculations of accounting totals to ensure accuracy
Split-line accounting on expense reports
Duplicate approval chains with copy and paste
Default account code from ship-to address
Keyboard shortcuts on data tables
About Coupa Software (News - Alert)
Founded in 2006, Coupa Software is the leader in cloud-based spend
optimization software. More than 200 customers in 40 countries use Coupa purchasing
and procurement software to amplify their spend power and reduce
spending up to 11 percent. Only Coupa provides a true cloud procurement
application that enables customers to launch the solution rapidly and
quickly realize significant savings. Learn more at: http://www.coupa.com
or call 650.931.3200. Read more at our company blog, the Coupa
Cabana, or follow @Coupa
on Twitter (News - Alert).
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