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:
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.