Coupa Software, a leader in cloud-based spend management, today announced Coupa Release 18 (R18), its second major cloud platform update this year. R18 gives customers more than 50 updates to existing platform applications, all designed to increase the depth of spend management processes to drive even more customer value. 

The release expands global regulatory compliance, enhances administrator control, and adds new capabilities across the entire Coupa platform from travel and expense management to e-invoicing, inventory, and more. New applications available as part of R18 will be announced in separate press releases.

As with past Coupa platform updates, R18 was designed just four months after R17 with a collaborative and innovative approach that involved customer ideas and feedback through the active Coupa Community and Coupa Advisory Boards.

“We’ve been a Coupa customer for five years now and it’s great to see them keep up their fast rate of innovation,“ said Bryce Berg, vice president of business services at Molina Healthcare. “We're looking forward to taking the R18 update soon.”

Born in the cloud, Coupa delivers a modern spend-management platform that accelerates business by unifying processes across all the ways employees spend money. These processes cover travel and expense management, procurement, invoicing and related source-to-settle areas. Using the Coupa Open Business Network, the platform has connected more than 2 million suppliers and delivers a powerful solution for businesses committed to controlling their spend.

“This release adds so many deep new features from expenses to global e-invoicing to inventory and more. Wrapping all of it is a new brand control capability that lets customers personalise their entire Coupa experience in seconds,” said Raja Hammoud, vice president of product marketing and management at Coupa. “I’m proud of how our special customer collaboration allows us to reinvent spend management with each rapid release.”