Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, announced today that it formed a strategic alliance with China-based Aisino Corporation to help global companies with branches in the world’s second largest economy manage their spend on Coupa’s unified platform.

The alliance will help enable multinational companies in China to manage their spend – including tax invoice issuances – with Coupa’s Procure-to-Pay solution.  Currently, many global companies with offices in China process their tax invoicing outside of a spend software platform because China requires businesses to issue every invoice via its closed authorised tax invoice issuance program as part of the Golden Tax program.

The cloud tax alliance will help global customers manage their tax invoices via Aisino on Coupa’s unified platform while still being able to meet the tax reporting requirements of the Chinese government.

“Our international customers want to streamline their global spend processes in China, and we are fulfilling their request by forming this alliance with Aisino – the only one of its kind in the world’s second largest economy,” said Roger Goulart, senior vice president of business development and alliances at Coupa.

Under this arrangement, Aisino and Coupa will build joint enterprise solutions and products - from invoice to tax management and financial management – to streamline spend for multinational companies in China.

“Aisino has chosen Coupa to join this cloud tax strategic alliance based on the company’s successful track record in other parts of the world and also its early successes in China,” said Jianjian Wang, senior executive who works in the Golden Tax and Enterprise Market Central Division at Aisino. “Both companies will bring to this collaboration their collective business expertise to create a one-stop-shop experience for customers.”

“Having been invited to join Aisino´s cloud tax strategic alliance as the only foreign service provider is a great honour for Coupa and testament to the superior purchase-to-pay processes we have built over the past years,’ said Markus Hornburg, vice president of global product compliance at Coupa. “This will help enhance our reach and deliver tangible value for our customer base in one of the most complex tax systems in the world.”

This release includes forward-looking statements. All statements other than statements of historical facts, including the proposed benefits and capabilities of the strategic alliance with Aisino, are forward-looking statements. These forward-looking statements are based on Coupa’s current expectations and projections about future events and trends that Coupa believes may affect its financial condition, results of operations, strategy, short- and long-term business operations and objectives, and financial needs.