SAN MATEO, Calif.--(EON: Enhanced Online News)--Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, today announced that it has received the highest score for proficiency in the 2016 Procure-to-Pay Navigator report by PayStream Advisors (a Levvel Company). According to the report, “proficiency” is a measure of both the functional capabilities and the innovative focus of a software vendor.
“Coupa is a leader in many areas of financial process automation.”
The report, released on November 18, 2016, evaluated Procure-to-Pay solutions from 16 software vendors across 12 categories. Following its evaluation, the highest score for “proficiency” was given to Coupa along with an assessment that Coupa’s “features include high user appeal due to easy PO creation and intuitive shopping interfaces, configurable approval workflows, and real-time visibility.” In addition, Coupa achieved the highest scores possible in the “Invoice Management & Workflow,” “Electronic Requisitioning & PO Creation,” and “Catalog Management & Requisition Workflow & Approval” categories.
“We’re using Coupa’s automation to focus our employees on patient care instead of back office procurement processes,” said Bryce Berg, vice president of business services at Molina Healthcare. “Coupa has been able to adapt with our changes. We have grown our business using the system, and Coupa has never missed a beat.”
To help score each solution submitted, PayStream Advisors received extensive product demonstrations from every provider, during which the provider’s solution was evaluated against an extensive list of more than 1,000 individual criteria.
“Coupa’s solution is modern and intuitive, and its transparency and versatility make it a strong option for large organizations,” said Jimmy LeFever, director, research & consulting at PayStream Advisors. “Coupa is a leader in many areas of financial process automation.”
Coupa continues to meet market demand by incorporating customer feedback and industry leading innovations into its unified cloud-based spend management platform. This includes updates across its travel and expense management, invoicing, purchasing, sourcing, open business network, and inventory suite applications.
“We’re proud of our results in this new PayStream report as it validates our laser focus on balancing customer voice, innovation, and market understanding,” said Donna Wilczek, vice president of strategy and product marketing of Coupa. “We’re committed to delivering measurable business value to our customers and rapidly executing against that commitment.”
About Coupa Software
Coupa Software (NASDAQ:COUP) is the cloud platform for business spend. We deliver “Value as a Service” by helping our customers maximize their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. Customers – small, medium and large – have used the Coupa platform to bring billions of dollars in cumulative spend under management. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.