Coupa's comprehensive platform providing end-to-end
visibility are among the strengths recognized
SAN
MATEO, Calif., July 24,
2023 /PRNewswire/ -- Coupa Software, a leader in
Business Spend Management (BSM), has been positioned in the Leaders
Category in both the Enterprise and Mid-Market IDC MarketScape for
Worldwide SaaS and Cloud-Enabled Treasury and Risk Management
Applications 2023 Vendor Assessments (Doc #US45741720e,
July 2023). For a complimentary
excerpt copy of the report, click here.
The IDC MarketScape for Mid-Market Treasury and Risk Management
named Coupa as a Leader for its comprehensive platform that
provides full source-to-settle capabilities, helping treasurers
make smarter decisions by increasing transparency, optimizing
liquidity, and improving forecasting.
"We believe this recognition from the IDC MarketScape is a
testament to the value our BSM platform brings to treasurers for
improving cash management and liquidity. Recent market volatility
has exposed vulnerabilities in the global banking industry,
substantiating how important it is for treasurers to have full
visibility and control of business spend in a connected system,"
said Raja Hammoud, executive vice
president of products at Coupa. "Our BSM community is our
inspiration for innovation, and we're dedicated to building on and
bettering Coupa Treasury for their long-term success."
The IDC MarketScape for Mid-Market Treasury and Risk Management
Applications found Coupa's full business management solution to be
a key strength. The report states, "Coupa delivers a full business
spend management solution, extending beyond Treasury and Risk
Management by providing full source-to-settle capabilities that
unify the payment processes within spend transactions, reduce risk
and prevent fraudulent payments from being made (reducing need for
supplier recovery processes), extensive Community.AI based
intelligence that aggregates spend, data, and configurations across
the Coupa community to provide customer-specific prescriptions, and
more.1"
s.Oliver, an international fashion company and one of
Europe's leading brands, turned to
Coupa Treasury as part of its digitization strategy.
"s.Oliver has become one of the fastest-growing fashion and
lifestyle brands in Europe and we
needed a TMS that could scale and grow with us. Coupa Treasury goes
beyond basic cash, liquidity, bank, and risk management because it
provides full visibility into spend data instantaneously. We're
able to move faster, with more agility, to improve liquidity and
accelerate the results achieved of our treasury digital
transformation," said Florian
Philipp, head of capital services at s.Oliver.
Coupa Treasury helps drive agility through greater transparency
and control of financial data allowing users to:
- Improve liquidity: Optimize return on cash and reduce
borrowing costs by gaining instant insights into your cash position
and forecast.
- Mitigate risk: Safeguard liquidity with AI fraud controls and hedge financial risks, such
as FX and interest volatility.
- Accelerate productivity: Drive efficiency and save time
by automating cash management and settlement across multiple
subsidiaries, currencies, accounts, and users.
Get started with Coupa today. Visit coupa.com.
About Coupa Software
Coupa is the cloud-based Business Spend Management (BSM) platform
that unifies processes across supply chain, procurement, and
finance functions. Coupa empowers organizations around the world to
maximize value and operationalize purpose through their business
spend. Learn more at coupa.com and follow us on LinkedIn and
Twitter.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an
overview of the competitive fitness of ICT (information and
communications technology) suppliers in a given market. The
research methodology utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a
single graphical illustration of each vendor's position within a
given market. IDC MarketScape provides a clear framework in which
the product and service offerings, capabilities and strategies, and
current and future market success factors of IT and
telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
1 IDC MarketScape: Worldwide SaaS
and Cloud-Enabled Mid-Market Treasury and Risk Management
Applications 2023Vendor Assessment, Doc #US45741720e, July 2023
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SOURCE Coupa Software
