Coupa Delivers $1 Billion in Annual Billings

Coupa has delivered over $1 billion in billings for the fiscal year ending January 2024

Data from AI driven business platform Coupa shows the solution has delivered over $1 billion in billings for the fiscal year ending January 31, 2024. In total Coupa managed more than $1 trillion in overall business spend, and its figures indicate it has helped businesses around the world achieve more than $175 billion in savings and working capital improvements over the last 10 years.

The fiscal year saw a range of highlights for the business including adding more than 300 companies joining Coupa’s global community of 3000+ customers.  Significant businesses entering into collaboration with Coupa include: Albemarle Corporation, Allwyn, Great Dane, Idahoan Foods, Mobico Group, Patterson-UTI, Penguin Random House, and The Scion Group.  

Coupa industry recognition 

Coupa was named as a Leader in the inaugural Gartner Magic Quadrant for Source-to-Pay Suites. It was also named in Procurement Magazine’s Top 10 Gen AI Platforms.

"Businesses today are looking for trusted digital transformation partners that deliver tangible value. Our recent recognition by Gartner as a Leader in its first-ever Magic Quadrant for Source-to-Pay Suites is a testament to the business value and operational confidence that Coupa's AI-driven platform delivers," said Leagh Turner, Coupa CEO.

"In 2023 alone, we helped our customer community unlock more than $30 billion in bottom-line savings. That's real value that gets reinvested in innovation, customer service, and profitability. And it wouldn't be possible without the greatest competitive edge that's driving this company forward – our agile, passionate, and committed global team," Turner said.

Coupa’s ‘bold and inspiring’ purpose 

Turner was named as CEO in late 2023 and brings more than 20 years experience in the technology sector and has proven success in leading performance, innovation, and growth. 

“Coupa has a bold and inspiring purpose. We make every dollar matter. And most importantly, we’re supported by a mission-driven team, passionate community, and innovative platform,” said Turner. “We have a huge opportunity to transform global organisations and communities for the better, and in a lasting way. I’m honoured to lead this company, and to evolve and scale how we deliver real value to our community that helps them grow and succeed.”

“Leagh Turner is an excellent leader with extensive experience scaling companies for growth, empowering teams, and fostering a culture of community and authenticity,” said Coupa board chairman J. Charles Goodman. “Leagh is undeniably committed to our customers’ success. With Turner as CEO, Coupa is well poised to explore new innovation and opportunity.”

Read more about the appointment of Leagh Turner at Coupa, and the expansion of business in the EMEA region.

Make sure you check out the latest edition of Procurement Magazine and also sign up to our global conference series - Procurement & Supply Chain LIVE 2024 

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