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Comparing Coupa to Exari: Piecing Together a Top Tier Jigsaw Puzzle for CLM (SolutionMap Analysis)

With its announced intent to purchase Exari, Coupa has completed a full circle of acquisitions to bring best-of-breed applications to each area of the Strategic Procurement Technology (SPT) category of Spend Matters’ SolutionMap as Coupa expands beyond its original P2P roots.

Earlier acquisitions of Trade Extensions, Spend360 and Hiperos helped Coupa assemble an SPT jigsaw puzzle for sourcing, spend analytics and supplier management, and Exari, with its AI-based approach to deep contract modeling and analytics, represents yet another piece of an emerging tableau. And a critical one at that: In many ways, CLM forms the critical link within Coupa’s source-to-pay suite between upstream sourcing activities and downstream P2P, meaning there are significant opportunities to mine here for Coupa users in areas such as risk management, strategic supplier relationship management and, of course, savings generation.

Yet in addition to the question of how Exari fits into the larger Coupa strategy puzzle, there is also a relevant one about how the vendor fits into Coupa’s current CLM product strategy (and current contracts application), from a feature-function angle as well as a technical (integration) perspective.

As the Spend Matters Contract Lifecycle Management scoring in SolutionMap illustrates, Coupa’s current CLM capabilities are stronger in some areas than others, whereas Exari’s help set the benchmark in many areas.

When brought into Coupa, Exari would theoretically help close some of the gaps in Coupa’s offering relative to best-of-breed pacesetters, as well as suite competitors that have made investments in strong CLM capability.

The technical reality, however, is not quite as simple. Exari itself is a vendor built somewhat from acquired solutions, and while its CLM capabilities are best-in-class, its three main components (contract parsing, template creation and core CLM features) are all built on different technology stacks.

So where do Coupa and Exari fit together, and what are their areas of comparative strengths and weaknesses at the time of the acquisition?

This Spend Matters SolutionMap analysis provides an overview of the two providers’ capabilities, their comparative rankings in the CLM category and what combining the solutions into one offering could look like. It uses as the basis of comparison the Q1 2019 SolutionMap for Contract Lifecycle Management, which analyzes 13 vendors across dozens of functional categories, including contract creation and authoring, core contract modeling, analytics, expiry and renewal management, and compliance.

This article requires a paid membership that has access to Contract Lifecycle Management (CLM) or Sourcing.
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