Coupa Named a Leader in IDC MarketScape on Worldwide SaaS and Cloud-Enabled Accounts Payable Applications 2019 Vendor Assessment

Coupa Named a Leader in IDC MarketScape on Worldwide SaaS and Cloud-Enabled Accounts Payable Applications 2019 Vendor Assessment
30.01.2019 07:43 am

Coupa Named a Leader in IDC MarketScape on Worldwide SaaS and Cloud-Enabled Accounts Payable Applications 2019 Vendor Assessment

Cloud , SaaS , Infrastructure

Coupa Software, a leader in business spend management (BSM), today announced that it has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Payable Applications 2019 Vendor Assessment, US44753119, January 2019

Among the strengths contributing to Coupa's position in the Leader category are:

  • Strong technology platform with high satisfaction from end users 
  • Globally available invoicing with robust approval and compliance capabilities 
  • Exceptional reporting capabilities for any level of visibility

According to the report, IDC recommends considering Coupa if you are looking for an "AP automation platform capable of handling large and complex organizations" or "a solution with a large supplier network and powerful self-service tools including full configuration and global e-invoicing compliance without the need to develop custom code."

"Finance leaders today are seeing the value that comprehensive solutions for managing accounts payable automation can bring to their organizations," said Kevin Permenter, senior research analyst at IDC. "Coupa continues to deliver innovation and value in several areas of a company's accounts payable process through consistent execution and a clear vision."

"Being named a Leader and recognized for our comprehensive and unified BSM platform in the IDC MarketScape for AP is wonderful validation of our focus on driving innovation and value with our customers," said Raja Hammoud, senior vice president of products at Coupa. "As a community, we are laser-focused on transforming employee and supplier experiences to digitize business and increase value for both sides of the business spend equation."

The IDC MarketScape found that Coupa offers advanced, configurable control models that deliver e-invoicing compliance for 40 countries as well as Coupa InvoiceSmash, a feature that converts PDF invoices into structured data "much more accurately than OCR." This automation can save time, reduce the chance of error, and minimize the burden on suppliers.

For Coupa customer Ionis Pharmaceuticals, automated AP led to significant increases in efficiency and productivity. "Coupa provided us an accelerated time-to-value. We are now able to process more than double the number of requisitions and nearly three times the number of invoices than we did prior to Coupa," says Isaac Ballesteros, assistant director of Accounting at Ionis Pharmaceuticals

 

Related News

Study Reveals Technology Crises take Significant Personal Toll on UK Business Leaders

A study released today reveals the scale of the battle UK business leaders face when business disruption hits, as a staggering 54 percent admit to suffering from stress-related... Read more »

Enboarder Raises £6.3 million Series A to Fuel The Shift to Experience-Driven Employee Onboarding

Enboarder, the leading cloud-based HR technology company that helps employers create engaging employee onboarding experiences, today announces it has closed £6.3 million in... Read more »

New McAfee Report Finds Eighty-Seven Percent of Companies Experience Business Acceleration from Use of Cloud Services

McAfee, the device-to-cloud cybersecurity company, today released a special edition of its Cloud and Risk Adoption Report, focused on the business impact of cloud services and... Read more »

Densify Announced the Findings of a Global Enterprise Cloud Survey of IT Professionals

Densify, the leader in the Cloud Resource Management software market, today announced the ... Read more »

Cloudian Announced New Object Storage Solution for VMware Cloud Provider Platform

Cloudian® today announced a fully native S3-compatible object storage solution for VMware Cloud Providers that is managed... Read more »

TIBCO Delivers New Functionality to Organisations with Hybrid Cloud and Multi-Cloud Strategies

TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced its latest... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel