Today Coupa Software, a leading provider of cloud-based spend management solutions introduced Coupa Open Buy with Amazon Business.
It is a convenient way for businesses search, find, and buy goods, while all their organizations’ required spending and budget controls are applied automatically. Moreover, this is a great opportunity to close a deal at lower costs, improve compliance, and attract high-end users.
Usually, in various organizations, employees are required to buy from catalogs, maintained by their employers. However, due to ever-changing needs, employees may not find what they need in the catalogs. Thus, they might purchase the goods, outside of their corporate channels, which may result in non-compliant spending with no proper budget checks or approval.
Coupa Open Buy supported by Amazon Business, enables Coupa customers visibility and instant access to millions of items beyond the catalogs managed by their employer. This helps decrease the likelihood of employees buying outside their entities’ approved processes.
"Traditional procurement catalogs rarely keep up with the latest products and services and often do not reflect the best prices and volume discounts available in the market,” said R "Ray" Wang, principal analyst, founder and chairman of Constellation Research, Inc. “The ability to access the buying power of one of the world’s biggest retailers from within your own spend management platform ultimately provides choice, flexibility, and control. This is where B2B and B2C come together."