Coupa's Latest Innovations Enable Business Resilience Amid Economic Uncertainty
SAN MATEO, Calif., July 27, 2020 /PRNewswire/ -- Today, Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), announced its latest product innovations that extend its cloud-based platform to give customers increased spend visibility, help mitigate supply chain risk, and increase business agility to adapt to change. Amid global economic uncertainty, Coupa's latest enhancements leverage the power of the customer community and enable businesses to be more resilient during these times and ultimately spend smarter.
"With so much unpredictability in the world, companies are being challenged to quickly respond to and navigate through the fallout from COVID-19," said Raja Hammoud, executive vice president of products at Coupa. "More than ever, these businesses need real-time visibility into their spend, the ability to mitigate their supply chain risk and cautiously manage their cash flow. We're excited to provide our BSM community with the new capabilities to help them adapt to the current times and spend smarter every day."
Increase Spend Visibility and Cost Containment
In order to minimize supply chain disruptions, businesses need to monitor supplier health and identify emerging risks or potential delays. To help achieve this, Coupa added several new features to automatically augment risk monitoring and mitigation.
Build Agility as Change Arises
"Now is the time for companies to get all their spend managed through one Business Spend Management platform," said Mickey North Rizza, program vice president at IDC. "Having complete visibility of spend will give financial leaders the ability to recognize unrealized savings, potential fraud, and opportunities for increased spend efficiency so they weather volatile market conditions, even during the most challenging times."
To learn more about these new capabilities or the Coupa BSM Platform, visit coupa.com.
About Coupa Software
Coupa empowers companies around the world with the visibility and control they need to spend smarter and safer. To learn more about how Coupa can help you spend smarter, visit www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
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SOURCE Coupa Software
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