Afternoon Coffee: Brexit Woes; Coupa Earnings; How Telecom for Uber Equates to Logistics for Amazon

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Spend Matters Chief Research Office Pierre Mitchell took a quick yet fascinating look at how Uber strategically manages its telecom spend, and how Amazon, faced with huge freight spend with USPS, FedEx, UPS, DHL, etc., “has basically evolved to pull every category lever that you can imagine: demand management, packaging optimization, and now vertical integration by building its own captive logistics capabilities with Amazon Logistics.”

But, Mitchell asks, what if you’re not Amazon and you’re one of the thousands of small parcel shippers who can’t take such a strategic and complex view of this area?

“I’m sitting in on a webinar tomorrow with some amazingly deep transportation experts over at Spend Management Experts,” he wrote. “These guys live and breathe small parcel, and if you want to learn about what’s really going on with small parcel spend and what you can do to bring more than a knife to a bazooka fight, you should check it out.”

Join our webinar, held with NPI and Spend Management Experts, on Thursday, March 14, at 1 p.m. Central.

Time is Ticking Toward Brexit-pocalypse

British Prime Minister Theresa May’s EU withdrawal deal has been rejected by members of parliament for a second time, although by a smaller margin than the last rejection in January, according to the BBC.

“Mrs. May said MPs will now get a vote on whether the UK should leave the EU without a deal” — happening today — “and, if that fails, on whether Brexit should be delayed,” the article stated.

The exit date is set for March 29, only 17 days away.

Coupa Earnings Released

Coupa’s stock price was down after an earnings report came out Tuesday showing weaker earnings are expected in the next fiscal year, according to InvestorPlace Media.

The procurement software company is looking “for earnings per share between 4 cents and 10 cents during the year. That's a blow to COUP stock by sitting well below Wall Street's earnings per share estimate of 21 cents for fiscal 2020,” the website said.

“The poor outlook in the Coupa Software earnings report for its fiscal fourth quarter for 2019 drags down an otherwise strong earnings report. This includes earnings per share of 5 cents on revenue of $74.91 million. Wall Street was estimating flat earnings per share on revenue of $67.73 million for the period,” InvestorPlace Media said.

Indeed, speaking on a Monday earnings call from Coupa’s newly opened midtown-Manhattan offices, CEO Rob Bernshteyn led with sharing “that we closed out fiscal 2019 with our strongest financial performance ever as a company.”

ICYMI: OpusCapita Being Sold to Providence Equity Partners

OpusCapita Solutions, the Finnish procurement provider known for procure-to-pay solutions and catalog management, is being sold by its parent company, Posti Group Corp., to the U.S. asset management firm Providence Equity Partners, of Rhode Island, according to a recent announcement.

Read the full article, including Spend Matters analyst insight, right here.

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