The company’s procurement module aids customers to determine spend policies, and streamline purchase requisition and purchase order processes. The company's BSM platform unifies all business spend - from sourcing to contracts and invoicing to payments, thereby enabling enterprises to be more resilient and ultimately spend smarter.Ĭoupa Software is the pioneer of procure-to-pay solutions. Its cloud-based platform helps aid over 2,500 customers in mitigating supply chain risk and to increase business agility to adapt to change in spending trends. In 2020, Coupa acquired AI supply chain design company LLamasoft.Coupa Software COUP is one of the leading providers of Business Spend Management (BSM) solutions. In October, Coupa Software went public on the Nasdaq, trading as COUP. In January 2016, Coupa acquired Contractually, a cloud-based contract management solution. Coupa acknowledged its possession of Ariba information and is required to abide by certain procedures to prevent any misappropriation in the future. On September 24, 2015, Ariba and Coupa settled their lawsuit. Coupa was also positioned in the Leaders quadrant of the Gartner Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement. In February 2015, Coupa acquired the assets of ZenPurchase, an enterprise procurement software company, as well as acquiring InvoiceSmash, an e-invoicing vendor, and TripScanner, an open booking vendor, in July.
Also in 2014, the company expanded globally, announcing new operations in Dublin, Ireland. In May, Ariba, a unit of SAP and a competitor of Coupa, filed a lawsuit alleging that Coupa misappropriated Ariba trade secrets. In 2014, The Forrester Wave named Coupa a market leader. Rob Bernshteyn is CEO of the company, headquartered in San Mateo, California, since taking the role in February 2009. Coupa is a business service management technology company, offering supply chain insight and procurement software.
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