How Coupa is Providing a Holistic View of Spend Management

Coupa, the margin multiplier company, has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Direct Spend 2024 Vendor Assessment.

The report, a first of its kind from IDC, covers the direct spend market landscape, the IDC MarketScape for Direct Spend, citing the benefits of Coupa's unified platform as a key strength.

A holistic platform for optimised direct spend

The report states: "Coupa offers a holistic platform for optimised direct spend, leveraging a robust platform that fosters supply chain collaboration, mitigates risk, facilitates ease of supply chain design and planning, and is seamlessly integrated with the full S2P suite to drive ease of contracting, purchasing, and invoice management."

Salvatore Lombardo, Chief Product and Technology Officer at Coupa, adds: "The need for an integrated spend management approach has never been more critical, as businesses face external factors impacting revenue, like volatile interest rates and supply chain disruptions, all while managing outdated sourcing processes and fragmented systems.

"Coupa's AI-driven total spend management platform provides businesses with a holistic view that helps them grow margins, streamline processes, and mitigate risks, through data-driven decision-making. Our community-generated AI gets smarter by the minute, informed by our US$7tn in global spend data and network of buyers and suppliers.

"Using Coupa AI, our customers are creating more resilient and adaptive supply chains, identifying new strategic suppliers, and discovering opportunities to manage their business spend more effectively and efficiently."

Coupa's unmatched direct spend capabilities

Coupa provides the most comprehensive, connected and agile solution covering the full direct spend process in one unified platform. Coupa's unmatched direct spend capabilities include:

• Supplier Sourcing Optimisation: Find the best suppliers, negotiate better contracts, and drive savings, all while optimising sourcing strategies to meet business goals.
• Supply Chain Design & Planning: Monitor your physical supply chain in near real-time and run what-if scenarios to enhance decision-making across cost, service, and sustainability.
• Supply Chain Collaboration: Enhance communication with suppliers in real-time and improve order fulfilment and ensure supply continuity with better visibility and collaboration.
• Third Party Risk Management: Assess and manage supplier risks by quickly identifying threats, whilst strengthening compliance to build supplier resiliency.
• Contract Lifecycle Management: Streamline the contract management process by parsing documents and integrating contracts with sourcing and procurement workflows.
• Invoicing, Payments & Treasury: Automate invoice and PO matching to reduce errors and accelerate payments and ensure tax compliance and liquidity.

A self-sustaining loop

Salvatore adds: "We are building a network that will sit at the centre of global trade. In the future, supply and demand will be matched autonomously, in real time, allowing buyers and suppliers to connect seamlessly and creating a self-sustaining loop that saves everyone money while constantly learning and adapting."

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