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Coupa Extends Spend Management Innovation with its Next Generation Cloud PlatformSAN MATEO, Calif., Oct. 17, 2017 (GLOBE NEWSWIRE) -- Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, today announced that its next generation cloud platform continues to set the innovation agenda for the industry. Coupa’s Release 19 (R19) is available now, and it modernizes risk management, redefines sourcing optimization, adds travel and expense community intelligence, and enhances the platform with more than 70 new capabilities. The R19 comprehensive platform update helps customers reduce operational risk to avoid disruptions and make smart, safe supplier decisions, track travel and expense program performance and maximize the value of every dollar spent. "Coupa's rate of innovation continues to set the industry bar,” said Jimmy LeFever, director, research and consulting at PayStream Advisors. “To see sourcing optimization transformed, a new supplier risk application, and more than 70 features across more than 15 applications in a single platform update is simply unparalleled in this space." As with past Coupa platform releases, R19 was designed through a collaborative approach that involves extensive customer input. Key elements of the release include: Coupa Risk Aware “We started using Risk Aware in the early access program and were surprised to find both unacceptable risks and that some of our most often used suppliers had high risk. We simply didn’t have that kind of visibility before,” said Raona Moritz, procurement manager at Zuora Inc. “Coupa’s innovations with community intelligence will help us improve decisions and reduce risk in ways never this easy in our industry.” Coupa Sourcing Optimization This makes Coupa Sourcing Optimization power accessible to all users regardless of skill level. The new capabilities make it even easier for organizations to evaluate many options and select the best. “The flexibility to source in any sector from logistics to raw materials, and powerful analysis that allows you to consider multiple criteria, along with price, will deliver customers great value,” said Garry Mansell, general manager of Coupa Sourcing Optimization. “This is the sourcing application that organizations have been dreaming about.” Community Intelligence for Travel and Expense (T&E) Management e-Invoicing Expansion 70 Additional Platform Features “The breadth and depth of Coupa Release 19 shows what is possible when a platform is designed for the cloud from day one,” said Raja Hammoud, senior vice president of products at Coupa. “The application synergies delivered in this release simply would not be possible without that solid foundation and a constant focus to deliver innovation that creates value.” About Coupa Software Media inquiries:
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