Coupa Procurement

What Is Coupa?

Coupa Procurement is a business spend management platform that helps businesses manage their expenses. It offers a cloud-based solution for procurement, sourcing, contracting, expense management, invoicing, and payments.

Video Overview

Coupa Procurement Key Features

• Procurement Module: Coupa’s procurement module assists businesses in creating purchase orders, tracking spending, and managing supplier contracts across the organization. It includes features such as supplier catalogs for better pricing negotiation, purchase order approval workflows, and alignment with company policies.
• Expense Management: The platform offers software for managing employee expenses and reimbursements, including travel and entertainment expenses. Key features include expense policy compliance checks and mobile expense management, simplifying employee reporting processes.
• E-Invoicing and Payments: Coupa Pay provides an e-invoicing module that enables electronic receipt and processing of invoices, reducing the reliance on paper-based processes. Additionally, it offers a payments hub solution integrating various payment methods like e-checks, ACH, wire, v-cards, and digital payments, which help optimize treasury processes.
• Analytics and Reporting: The solution provides real-time visibility and robust information management with a smart dashboard and reports. These tools enable users to track spend by supplier, category, and department.
• Other Features: Coupa also offers contract management to enhance supplier management, including onboarding, performance analysis, and compliance monitoring. Additionally, it provides features for spend analysis, strategic sourcing, treasury management, inventory management, supply chain design, and services and contingent labor management.

Coupa Acquisition

Coupa was acquired by Thoma Bravo in February 2023, which means the platform will receive additional funding to expand its innovative capabilities and strengthen its business fundamentals. With this Coupa acquisition, the already impressive spend management software is set to become even stronger, helping businesses manage expenses with ease.