August 24, 2016 8:41 AM ET

Internet Software and Services

Company Overview of Coupa Software Incorporated

Company Overview

Coupa Software Incorporated provides Software-as-a-Service applications for financial services, food and beverage, healthcare, oil and gas, retail, and technology industries worldwide. It offers its solutions in the areas of spend management, procurement, invoicing, expenses, analytics, budgeting, contract management, inventory, mobile, reporting, sourcing, storefront, and supplier network aspects. The company provides its solutions for accounts payable, chief financial officer, chief product officer, and chief information officer roles. It offers services in the areas of integration, implementation, professional, success, support, training, and education services, as well as application dev...

1855 South Grant Street

San Mateo, CA 94402

United States

Founded in 2006

Phone:

650-931-3200

Fax:

650-341-3500

Key Executives for Coupa Software Incorporated

Chief Executive Officer and Director
Age: 43
Chief Financial Officer
Age: 49
Vice President and General Counsel
Vice President of Technology
Executive Vice President of People
Age: 57
Compensation as of Fiscal Year 2016.

Coupa Software Incorporated Key Developments

Leslie Campbell Joins Coupa Software's Board of Directors

Coupa Software announced that Leslie Campbell has been appointed to its board of directors. Campbell is an accomplished business leader with more than 30 years of multi-disciplinary experience in the fields of finance, technology and publishing. Previously, Campbell led the indirect global procurement team and the global platforms procurement team at Dell Inc. as its vice president of worldwide procurement based in Austin, Texas. She initially worked as vice president and general manager of Dell’s Global Segment Business for Europe, Middle East and Africa (EMEA), and was based for five years in Europe.

Coupa Mulls IPO

Coupa Software Incorporated has hired investment banks for an initial public offering that could come later this year, people familiar with the matter said on July 7, 2016. Coupa looking to float on the U.S. stock market this year, which has seen few IPOs due to market volatility. Coupa has hired Morgan Stanley (NYSE:MS) to be the lead underwriter on the IPO, along with investment banks JPMorgan Chase & Co (NYSE:JPM), Barclays Bank PLC and Royal Bank of Canada (TSX:RY), according to the people, who asked not to be named because the plans are private. Representatives for Coupa and the banks declined to comment.

Coupa Software Announces InvoiceSmash Early Access Program

Coupa Software announced its plans to release an application that will help make processing supplier invoices faster, easier, and less expensive than is currently possible with legacy optical character recognition solutions, while also improving compliance, data quality and supplier participation. Coupa's InvoiceSmash application is expected to be generally available later this year, however select customers are invited to join the early access program where they can start using it in production now, and provide feedback to Coupa before the general availability release. With the Early Access Program, Coupa takes the next step in transforming B2B commerce by further reducing the need for expensive supplier enablement initiatives and strengthening the way the world's businesses use Coupa Invoicing and the Coupa Open Business NetworkTM for their e-invoicing transactions. In today's world of B2B commerce, extended global enterprises need modernized solutions to efficiently manage supplier transactions while staying compliant with local government requirements. These businesses also want to transact with one another quickly, without fees, paper or friction, which impact the overall cost of doing business. Coupa's model of delivering e-invoicing compliant systems as a fully managed service delivers on this promise. InvoiceSmash's cloud-based technology has innovative closed-loop learning capabilities that extend Coupa's Invoicing solution by instantly converting emailed invoices from suppliers into the digital format required for the buyer's accounts payable process. As Coupa brings these innovations to market, supplier enablement efforts and invoice processing costs will decrease as buyers and suppliers gain instant connectivity and the freedom to interact using their preferred processes and without supplier registration or fees via the Coupa Open Business NetworkTM. Finance and Treasury also get the added benefit of enhancing cash flow management and additional days to apply early payment discount terms to earn a return on payables. Innovative Accounts Payable & e-Invoicing Technology: Designed to help organizations of all sizes digitize and automate the often painful accounts payable and invoicing process, InvoiceSmash is a new module available within Coupa's cloud-based platform to instantly convert emailed invoice attachments into the field formats required by Accounts Payable organizations. The solution's closed-loop learning capabilities detect supplier invoice format changes,and creates learned templates for future invoices so the Coupa system grows smarter, for the benefit of all Coupa cloud customers, after a new supplier invoice format appears. With no fees or friction, the Coupa Open Business NetworkTM instantly connects the world's businesses, providing customers with both the flexibility and freedom they want to transact with their direct and indirect suppliers. By incorporating InvoiceSmash into the Coupa platform, emailed invoice attachments that currently flow freely through the Coupa Open Business NetworkTM AP Inbox functionality will be able to process automatically, resulting in more accurate and timely invoice processing while providing compliance with local government rules. With faster invoice processing times, Finance teams benefit by gaining additional days to support their cash flow management initiatives, and the ability to maximize supplier discounts and earn a return on their payables through the power of Coupa's dynamic discount support. Customers can also benefit by increasing e-invoicing connectivity with more of their suppliers without the pain and cost of extensive supplier enablement projects or having to use OCR systems to manually scan and digitize invoices.

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