Coupa Raises The Bar On Purchasing Simplified With Launch Of Coupa eProcurement Enterprise

Foster City, CA - Coupa Software recently announced the immediate availability of Coupa eProcurement Enterprise. Coupa Enterprise is built on the foundation of Coupa eProcurement Express, the open source project dedicated to both purchasing managers and company employees. The only solution designed for small and mid-size businesses, Coupa Enterprise delivers unprecedented usability for the three core elements of purchasing: eProcurement, eRFQ, and eInvoicing capabilities.

Founded by industry veterans who built and ran the Oracle Procurement business unit, Coupa simplifies purchasing and fulfills the promise of efficient, cost-effective e-procurement. Coupa's solution combines enterprise-class purchasing functionality with an online consumer-like experience that is so user-friendly that employees embrace it rather than avoid it. Already in production with several customers, Coupa Enterprise is changing the way small and mid-size organizations manage their purchasing processes.

"Most SMBs use paper, spreadsheets, and e-mail to manage corporate buying. This is because e-procurement software has traditionally been difficult to install and employees often resist learning how to use it," said Dave Stephens, founder and CEO of Coupa. "Coupa turns that scenario on its head. Our solutions are easy to deploy, yet sophisticated enough to grow with a company and drive procurement best practices. They are also so accessible and simple that employees find them easier and more efficient than manual paper processes."

"Coupa Enterprise was delivering results within 24 hours of installation," said Lynell Rogeri, project manager at Cantaxx. "The simple, 'clean' screens allow us to be much more productive than we could have been with traditional procurement software, and Coupa offers the breadth of functionality that gives us exactly the business process support we need."

About Coupa eProcurement Enterprise
Coupa eProcurement Enterprise expands on Coupa Express, the industry's first freely downloadable e-procurement solution. Coupa enables purchasing managers to streamline and control the purchasing process by driving its entire lifecycle, including setting buying policies, catalog management, requisitioning, purchase order automation, approvals, receiving, and invoicing. Only Coupa integrates an intuitive user interface that enterprise employees actually prefer over manual purchasing processes. Additionally, Coupa's community experience—in which employees can add classification tags or provide reviews of products—improves the system as it is used, while also providing constant feedback to purchasing management. With this announcement, small and mid-size companies that want a simple and affordable solution to automate their purchasing, invoicing, and eRFQ processes can now choose Coupa eProcurement Enterprise. Delivered either as On-Demand or On-Premise software, Coupa eProcurement Enterprise includes full product support and offers a total cost of ownership that is 10 to 20 percent of what companies pay for traditional e-procurement solutions.

Specifically, Coupa Enterprise delivers robust capabilities which complete the eProcurement cycle, including eRFQ and eInvoicing, as well as advanced financial reporting and controls.

• eProcurement – Automating the error-prone, expensive purchasing process is critical. With Coupa, employees easily create requisitions through drag-and-drop catalog buying, non-catalog requests, web forms, and patent-pending No-Click Requisitions. The system notifies approvers based on company rules and policies, and buyers are alerted to exceptions rather than required to handle every transaction. From requisition creation through purchase order issuance, procurement moves online.
• eRFQ – Many small to mid-size firms want competitive bids for goods and services. With Coupa's eRFQ capabilities, purchasing professionals can quickly receive pricing information or do more complex contract negotiations. Easily created questionnaires can be attached to an eRFQ and sent to suppliers for completion. As quotes are received, the purchasing team can analyze and award business to the appropriate vendors.
• eInvoicing – The ability to rapidly capture supplier invoices brings additional efficiencies to the financial settlement cycle. The system analyzes invoices against a set of rules and tolerances to ensure compliance. Exceptions are routed to accounting for review and resolution.
• Advanced Financial Controls – Organizations want the right controls and easy-to-use tools to monitor the purchasing process. Security groups, an integrated How-to-Buy policy manual, and other purchasing best practices are built directly into Coupa. Budgets can be established to ensure that sufficient funds are available. And Coupa analytics provide management with a real-time dashboard of spend behavior.

SOURCE: Coupa Software