Coupa Raises the Bar on Purchasing Simplified with Launch of Coupa eProcurement Enterprise.Best-in-Class Solution Already Delivering Immediate Results among SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. Customers FOSTER CITY, Calif. -- Coupa Software today announced the immediate availability of Coupa eProcurement Enterprise. Coupa Enterprise is built on the foundation of Coupa eProcurement Express, the leading open source project dedicated to both purchasing managers A Purchasing Manager is an employee within a company, business or other organization who is responsible at some level for buying or approving the acquisition of goods and services needed by the company. and company employees. The only solution designed for small and mid-size businesses, Coupa Enterprise delivers unprecedented usability for the three core elements of purchasing: eProcurement, eRFQ, and eInvoicing capabilities. Founded by industry veterans who built and ran the Oracle Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. business unit, Coupa simplifies purchasing and fulfills the promise of efficient, cost-effective e-procurement. Coupa's solution combines enterprise-class purchasing functionality with an online consumer-like experience that is so user-friendly that employees embrace it rather than avoid it. Already in production with several customers, Coupa Enterprise is changing the way small and mid-size organizations manage their purchasing processes Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements . "Most SMBs use paper, spreadsheets, and e-mail to manage corporate buying. This is because e-procurement software has traditionally been difficult to install and employees often resist learning how to use it," said Dave Stephens, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Coupa. "Coupa turns that scenario on its head. Our solutions are easy to deploy, yet sophisticated enough to grow with a company and drive procurement best practices. They are also so accessible and simple that employees find them easier and more efficient than manual paper processes." "Coupa Enterprise was delivering results within 24 hours of installation," said Lynell Rogeri, project manager at Cantaxx. "The simple, 'clean' screens allow us to be much more productive than we could have been with traditional procurement software Procurement software is business software that helps to automate the purchasing function of organizations. Activities including raising and approving purchase orders, selecting and ordering the product or service, receiving and matching the invoice and order, and paying the bill is , and Coupa offers the breadth of functionality that gives us exactly the business process support we need." About Coupa eProcurement Enterprise Coupa eProcurement Enterprise expands on Coupa Express, the industry's first freely downloadable e-procurement solution. Coupa enables purchasing managers to streamline and control the purchasing process by driving its entire lifecycle, including setting buying policies, catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. management, requisitioning, purchase order automation, approvals, receiving, and invoicing. Only Coupa integrates an intuitive user interface that enterprise employees actually prefer over manual purchasing processes. Additionally, Coupa's community experience--in which employees can add classification tags or provide reviews of products--improves the system as it is used, while also providing constant feedback to purchasing management. With today's announcement, small and mid-size companies that want a simple and affordable solution to automate their purchasing, invoicing, and eRFQ processes can now choose Coupa eProcurement Enterprise. Delivered either as On-Demand or On-Premise software On-premise software refers to the use of an executable computer program (software) installed on the premises (in the building) of the person or organisation using such software. , Coupa eProcurement Enterprise includes full product support and offers a total cost of ownership that is 10 to 20 percent of what companies pay for traditional e-procurement solutions. Specifically, Coupa Enterprise delivers robust capabilities which complete the eProcurement cycle, including eRFQ and eInvoicing, as well as advanced financial reporting and controls. * eProcurement - Automating the error-prone, expensive purchasing process is critical. With Coupa, employees easily create requisitions through drag-and-drop catalog buying Noun 1. catalog buying - buying goods to be shipped through the mail mail-order buying buying, purchasing - the act of buying; "buying and selling fill their days"; "shrewd purchasing requires considerable knowledge" , non-catalog requests, web forms, and patent-pending No-Click Requisitions. The system notifies approvers based on company rules and policies, and buyers are alerted to exceptions rather than required to handle every transaction. From requisition A written demand; a formal request or requirement. The formal demand by one government upon another, or by the governor of one state upon the governor of another state, of the surrender of a fugitive from justice. The taking or seizure of property by government. creation through purchase order issuance, procurement moves online. * eRFQ - Many small to mid-size firms want competitive bids for goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . With Coupa's eRFQ capabilities, purchasing professionals can quickly receive pricing information or do more complex contract negotiations. Easily created questionnaires can be attached to an eRFQ and sent to suppliers for completion. As quotes are received, the purchasing team can analyze and award business to the appropriate vendors. * eInvoicing - The ability to rapidly capture supplier invoices brings additional efficiencies to the financial settlement cycle. The system analyzes invoices against a set of rules and tolerances to ensure compliance. Exceptions are routed to accounting for review and resolution. * Advanced Financial Controls - Organizations want the right controls and easy-to-use tools to monitor the purchasing process. Security groups, an integrated How-to-Buy policy manual, and other purchasing best practices are built directly into Coupa. Budgets can be established to ensure that sufficient funds are available. And Coupa analytics provide management with a real-time dashboard (1) See Mac Dashboard. (2) A software-based control panel for one or more applications, network devices or industrial machines. Dashboards display simulated gauges and dials that look somewhat like an automobile dashboard. of spend behavior. Companies can sign up for guided tours guided tour guide n → visite guidée; what time does the guided tour start? → la visite guidée commence à quelle heure? , free trials, and learn more by visiting coupa.com. About Coupa Software Coupa was founded in 2006 to develop solutions that simplify purchasing and fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. the promise of efficient, cost-effective e-procurement for small and mid-size organizations. Coupa combines best-in-class purchasing control and management into a product so simple that employees actually prefer using it for their business purchasing needs. For more information please visit www.coupa.com or call 650-585-6306. |
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