Coupa positions itself as the "leading provider of cloud spend management (CSM) solutions that help companies control their indirect spending and generate savings that go direct to the bottom line." In their own words, they combine "the best e-procurement and expense management capabilities in a single solution that is easier to use, faster to configure and deploy, and more cost-effective than anything available today." Moreover, Coupa's solutions include "innovations like real-time benchmarking, intelligent expense report auditing, and crowd sourcing great deals on the Web...helping companies spend smarter and save more."
Spend Matters expects that Coupa will continue to expand its solution in coming quarters, capturing an increasing share of the broader P2P market as they introduce new functional tools and modular extensions -- as well as continuing to refine and execute on the core cloud eProcurement platform. As they continue on the journey to becoming a broader force in the global Spend Management market, Coupa will no doubt march to a different beat than many of its enterprise software brethren, especially those that grew up in a CD or enterprise software world and have largely ported their platform and strategy onto the cloud. Here at Spend Matters, most important of all, we hope that Coupa's commitment to rapid innovation without sacrificing a core belief in application elegance and approachability continues. Even though their clever marketing may win them some attention, it's the substance below the surface that has made them what they are.
Please join me in offering a warm welcome to Coupa on Spend Matters.