Coupa Software is a global technology platform for Business Spend Management (BSM). The company is headquartered in San Mateo,

California California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the m ...

with offices throughout Europe, Latin America, and Asia Pacific. Coupa helps companies gain visibility into and control over how they spend money, optimize supply chains, and manage liquidity. In 2016, Coupa Software went public on the Nasdaq, trading as COUP. In 2021, Coupa was included in

Gartner Gartner, Inc is a technological research and consulting firm based in Stamford, Connecticut that conducts research on technology and shares this research both through private consulting as well as executive programs and conferences. Its client ...

’s Magic Quadrant

Procure-to-Pay Procure-to-pay (also known as Purchase to Pay (P2P)) is a term used in the software industry to designate a specific subdivision of the procurement process. The P2P systems enable the integration of the purchasing department with the accounts p ...

leaders.

History

Dave Stephens and Noah EisnerCoupa Software Press Release March 13, 2007
E-Procurement Software Innovator Coupa Secures Series-A Funding
" March 13, 2007. Retrieved October 31, 2013. founded Coupa in 2006. Rob Bernshteyn took over as Coupa's CEO in February 2009. In September 2009, Coupa secured a $7.5 million Series C funding round. In 2014, The Forrester Wave named Coupa a market leader. In May, Ariba, a unit of

SAP Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant. Sap is distinct from latex, resin, or cell sap; it is a separ ...

and a competitor of Coupa, filed a lawsuit alleging that Coupa misappropriated Ariba trade secrets. Also in 2014, the company expanded globally, announcing new operations in Dublin, Ireland. 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. Coupa was also positioned in the Leaders quadrant of the

Gartner Magic Quadrant Magic Quadrant (MQ) is a series of market research reports published by IT consulting firm Gartner that rely on proprietary qualitative data analysis methods to demonstrate market trends, such as direction, maturity and participants. Their anal ...

for Procure-to-Pay Suites for Indirect Procurement. On September 24, 2015, Ariba and Coupa settled their lawsuit. Coupa acknowledged its possession of Ariba information and is required to abide by certain procedures to prevent any misappropriation in the future. Coupa paid Ariba an undisclosed amount. In January 2016, Coupa acquired Contractually, a cloud-based

contract management Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees. Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms ...

solution. In 2020, Coupa acquired AI supply chain design company LLamasoft. In 2021, Coupa debuted its new venture capital fund, Coupa Ventures. On June 15, Coupa launched its ''Sustainable Business Spend Management'' (BSM) platform, to help business owners with their sustainability initiatives. In March 2022, Coupa was named a Leader in the Forrester Wave Supplier Value Management Platform. In May, Coupa added analysis features to its procurement management software to track Scope 1, 2 and 3 emissions reductions and how these contribute to supplier sustainability goals. In December 2022,

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outbid

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to announce its acquisition of Coupa for $6.15 billion in cash, and a total enterprise value of $8 billion.

Technology

Coupa's cloud-based Business Spend Management solution manages transactions across procurement, payment, and supply chain.Larry Dignan, ZDNet.
Five questions with Coupa Software CEO Rob Bernshteyn
" June 18, 2010. Retrieved January 27, 2012. Coupa's BSM platform collects anonymized customer data to make recommendations to improve business transactions. In 2006, its first free open-source product, Coupa Express, was built using RoR.Antone Gonsalves, InformationWeek.
Coupa Brings Amazon.com Look To E-Procurement
" March 21, 2007. Retrieved January 30, 2012. In 2007, the company launched a

SaaS Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is con ...

(Software-as-a-service) product called Coupa On Demand for SMBs (small and midsize businesses). In November 2011, Coupa released its first

spend analysis Spend analysis or spend analytics is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring controls and compliance. It can also be lev ...

product called Coupa Spend Optimizer. In April 2014, Coupa introduced Coupa Inventory, a portal for viewing inventory availability when ordering, to reduce wasteful spending. With Coupa's acquisition of LLamasoft in 2020, the company added AI-powered supply chain design to its platform. On June 15, 2021, Coupa launched its ''Sustainable Business Spend Management'' (BSM) platform, to help business owners with their sustainability initiatives. Coupa added configurations to its BSM platform, embedding

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to optimize supply chains and reduce emissions. In February 2022, Coupa launched Community.ai, which benchmarks data to embed performance feedback, operational support, and prescriptive recommendations. The company also launched its Coupa Travel & Expense platform, which includes features from its acquisitions and offers a service for booking flights, hotels, cars and dining. Coupa received its FedRAMP Moderate certification in March 2022.

References

External links

* {{Finance links , name = Coupa Software , symbol = COUP , yahoo = COUP , google = COUP , sec_cik = 1385867 2006 establishments in California American companies established in 2006 Software companies established in 2006 Software companies based in the San Francisco Bay Area Companies based in San Mateo, California Companies listed on the Nasdaq 2016 initial public offerings Software companies of the United States Customer relationship management software companies Announced information technology acquisitions