The result is that Coupa can now claim some of the most advanced procurement-specific capabilities in multiple technology areas, as it has acquired several market-leading vendors and integrated their functionality into its own platform.īut where does Coupa excel the most, and where do its comparatively few weaknesses lie, measured against both best-of-breed vendors for standalone technology areas (e.g., contract lifecycle management) and competing suite providers (e.g., procure-to-pay, source-to-pay)? The awareness of Coupa in the market is due in no small part to its 2016 IPO, which brought the provider into the wider public eye while also providing it with the balance sheet to support an aggressive M&A program. And its philosophy of business spend management (BSM) resurrected - and improved upon - the original premise that gave rise to Spend Matters back in 2004 (spend does matter). Since its founding in 2006, Coupa has grown into one of the best-known providers of technology for corporate purchasing as well as invoicing and payments, sourcing, and spend analysis. ![]() It is impossible today to discuss procurement and finance software solutions without mentioning Coupa.
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