Coupa
Coupa Software is a global technology platform for Business Spend Management (BSM). The company is headquartered in San Mateo, California with offices throughout Europe, Latin America, and Asia Pacific. Coupa helps companies gain visibility into, and control over, the money and resources spent within their organizations. In 2021, Coupa was included in Gartner’s Magic Quadrant Procure-to-Pay leaders. History. Dave Stephens and Noah Eisner founded Coupa in 2006. Rob Bernshteyn took over as Coupa's CEO in February 2009. In 2014, The Forrester Wave named Coupa a market leader. In May, Ariba, a unit of SAP and  a competitor of Coupa, filed a lawsuit alleging that Coupa misappropriated Ariba trade secrets. Also in 2014, the company expanded globally, announcing new operations in Dublin, Ireland. In February 2015, Coupa acquired the assets of ZenPurchase, an enterprise procurement software company, as well as acquiring InvoiceSmash, an e-invoicing vendor, and TripScanner, an open booking vendor, in July. Coupa was also positioned in the Leaders quadrant of the Gartner Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement. On September 24, 2015, Ariba and Coupa settled their lawsuit. Coupa acknowledged its possession of Ariba information and is required to  abide by certain procedures to prevent any misappropriation in the future. Coupa paid Ariba an undisclosed amount. In January 2016, Coupa acquired Contractually, a cloud-based contract management solution. In October, Coupa Software went public on the Nasdaq, trading as COUP. In 2020, Coupa acquired AI supply chain design company LLamasoft. In 2021, Coupa debuted its new venture capital fund, Coupa Ventures. On June 15th, Coupa launched its "Sustainable Business Spend Management" (BSM) platform, to help business owners with their sustainability initiatives. Technology. Coupa's cloud-based Business Spend Management solution manages transactions across procurement, payment, and supply chain. Coupa  is cloud-based. In 2006, its first free open-source product, Coupa Express, was built using RoR. In 2007, the company launched a SaaS (Software-as-a-service) product called Coupa On Demand for SMBs (small and midsize businesses). In November 2011, Coupa released its first spend analysis product called Coupa Spend Optimizer. In April 2014, Coupa introduced Coupa Inventory, a portal for viewing inventory availability when ordering, to reduce wasteful spending. With Coupa’s acquisition of LLamasoft in 2020, the company added AI-powered supply chain design to its platform. In 2021, Coupa added configurations to its BSM platform , embedding ESG to optimize supply chains and reduce CO2 emissions. Coupa's BSM platform collects anonymized customer data to make recommendations to improve business transactions. Community Intelligence. By leveraging artificial intelligence with data from its customers and suppliers, Community Intelligence provides insights from pooled data, brainpower, and spend for every customer. Customers and partnerships. Coupa indicates it has 2,000+ customers worldwide in 100+ countries, including Nike, Caterpillar, Slack, The Coca-Cola Company, Adidas, Amazon, BNP Paribas, TD Bank Salesforce.com, and Rent-A-Center. In 2011, Coupa started working with the Independent Purchasing Cooperative (IPC) of Subway, to help  its franchises in 98 countries with its cost management. Salesforce.com has its sales managers use Coupa to monitor travel expenses and sales outcomes. In October 2014, Coupa and NetSuite (NYSE: N) announced a strategic partnership to jointly market each other's products. In December 2020, Coupa signed deals with the United States House of Representatives and Walmart.