Coupa Named a Leader in Gartner Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement

Cloud-Based Spend Management Vendor Positioned the Furthest for ‘Completeness of Vision’

SAN MATEO, Calif.–(BUSINESS WIRE)–April 1, 2015–

Coupa Software, the leading provider of cloud-based spend management solutions, announced today that it has been positioned by Gartner, Inc. in the Leaders quadrant of the Gartner Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement.¹ The Gartner Magic Quadrant is considered one of the industry’s most thorough evaluations of enterprise purchasing services solutions.

The report evaluated full-suite procure-to-pay solutions from 20 different software vendors on 14 criteria, placing Coupa in the Leaders quadrant based on its “ability to execute” and “completeness of vision.”

According to the report, “P2P suite Leaders demonstrate a market-defining vision of how technology and services can help procurement establish, develop and maintain contract compliance and cost-effective processes for managing and controlling external spend. They have the ability to execute against their vision with products and services, and they have demonstrated results in the form of growth and customer satisfaction.”

“We believe being named a Leader by Gartner is clear recognition of our Savings-as-a-Service model delivering billions of dollars of savings to customers everywhere,” said Rob Bernshteyn, CEO of Coupa. “Our disruptive Coupa Open Business Network proves it is possible for businesses of all sizes to connect to one another easily for mutual benefit. Our ever-growing global customer base is further validation that bringing businesses together seamlessly across the corporate purchasing, invoicing, travel and expense spectrum yields the highest levels of hard dollar savings; the ultimate sign of customer success and the one we are most proud.”

Organizations require the visibility, compliance and predictive insights the right corporate purchasing solution provides staff for identifying areas for savings while also realizing contracted savings before the money is spent and the opportunity lost. In addition, with ever changing business-to-business needs, companies need solutions that adjust with them to continuously decrease costs and increase efficiencies within the supply chain.

Coupa customer Cofely, a GDF SUEZ company, is Europe’s leader in energy and environmental efficiency services, developing innovative solutions that improve the efficiency of cities, buildings, industry and infrastructure. “At Cofely we’re 100 percent focused on delivering a great service to our customers,” said Amber Ritson, Chief Procurement Officer. “Working with industry leaders like Coupa is transforming our business and helping us to drive measurable value for our company, and ultimately allows us to focus on our own customers’ satisfaction.”

In February, Coupa announced a number of key performance metrics that marked 2014 as a milestone year, including exceptional revenue growth, customer acquisition and retention rate, global scaling, and an expanding portfolio of solutions and partners reflect rising demand and deepening market penetration.

Coupa is meeting ever-growing demand by continually incorporating customer feedback and industry leading innovations into its unified cloud-based spend management suite. This includes updates across the corporate purchasing, sourcing, invoicing, open business network, travel and expense management, and inventory suite.

About Coupa

Coupa Software enables businesses everywhere to recognize bottom-line financial success via Savings-as-a-Service. More than 500 customers doing business in over 100 countries use Coupa to support business agility and reduce costs. Only Coupa provides an organic suite of true cloud applications including accounts payable, procurement, expense management, sourcing and inventory, allowing customers to realize a return on investment that starts within a few months and grows continually. Learn more at www.coupa.com. Read more at our company blog, Making Cents or follow @Coupa on Twitter.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

¹ – Gartner “Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement” by Magnus Bergfors, Paolo Malinverno, Deborah R Wilson, 24 March 2015.

Voce for Coupa Software
Katie Page, 206-770-7027
katie.page@porternovelli.com