Afternoon Coffee: Coupa Announces Availability of R20, SAP Buys Callidus

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Coupa announced Tuesday the availability of R20, its first major cloud platform update of the year, according to a press release. Key elements of R20 include the application of community intelligence and artificial intelligence to supply chain risk management, additional features to facilitate early payment and the general availability of Services Maestro.

"Coupa's significant investment in new R&D is certainly paying off with new approaches to decades old spend management problems," said Jimmy LeFever, director, research and consulting at PayStream Advisors. "Adding services spend coverage and giving customers new and actionable data insights are key market differentiators."

SAP Buys Callidus 

SAP in pushing further into the sales and marketing technology sectors with its recent acquisition of sales performance tracking firm Callidus, Reuters reports. Callidus is a cloud-based software provider that helps corporate sales teams target potential customers by generating leads, configuring products, devising quotes and monitoring sales targets through to completion to track how teams have performed.

France’s Growth

The French economy had its best year since 2011, Bloomberg reports, with GDP rising 0.6% in the most recent quarter. That should be a boon to President Emmanuel Macron, who has pushed pro-business tax and labor reforms since his election last year.

Consumer Saving 

And finally, an economic update: The rate at which U.S. consumers are saving has sunk to a 12-year low, the Wall Street Journal reports, as a rising stock market and improving job prospects have set off a spending spree. While the increased pace of spending should continue to boost the economy, some economists worry the figures could also indicate markets are becoming overheated.

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