Coupa Announces Globalization of Popular Cloud Spend Management Solution
New Release Includes Extended Multi-Language, Multi-Currency Support for Enterprises
SAN MATEO, Calif., Oct 19, 2011-- Coupa Software, the leading provider of innovative Cloud Spend Management (CSM) solutions, today announced a new e-procurement and expense management software release with a rich feature set that helps companies across the globe achieve improved visibility into their spending and significantly reduce costs.
Among the list of new features is support for multiple currencies and languages, including English, French, German, Spanish, Brazilian Portuguese and UK English. Because of Coupa's exclusive cloud solution, global enterprises only need to deploy one instance worldwide regardless of language, currency, or geography.
In addition, the new release streamlines the expense reporting process for international business travelers. Travelers can submit their report in both local and foreign currency for better tracking. Plus, Coupa automatically converts the expenses based on the current exchange rate. This saves significant hours spent manually calculating and submitting expenses reports.
"Getting visibility into corporate spending can be especially challenging for global organizations with a geographically dispersed workforce," said Rob Bernshteyn, CEO, Coupa. "Coupa's exclusive cloud architecture makes it simple and easy to use, helping companies quickly and easily implement solutions that impact the bottom line almost immediately, regardless of where they may be located. This is particularly close to Coupa right now as we're expanding our global footprint and are using the new solution to keep our own spending in check."
The enhanced platform includes additional unique capabilities:
- Tax Calculation Engine Support -- Coupa customers can integrate their own tax engine directly into the Coupa invoicing process. When you submit the invoice, Coupa can now "call out" to your tax engine to fetch your estimate to compare against the invoice.
- Split Line Accounting -- Coupa now enables users to intuitively assign multiple billing accounts to any particular line or transaction. These costs can be prorated at any point in the transaction - while making the Request, issuing the PO or upon receiving invoice from the supplier.
- Show Policies on Check Out -- Coupa shows the policies relevant to purchases in-line and upon checkout. Coupa identifies the policies covering each requisition and displays them at the top of your Cart on the checkout page.
Designed with the end-user in mind, the Coupa platform replicates the ease-of-use of leading consumer web applications today, ensuring high levels of employee adoption and a seamless on-boarding process for new employees. Continuing to deliver on Coupa's promise of a simple, easy-to-use design, this release makes the entire Coupa platform even more extendable across the globe.
For more information about Coupa's latest enhancements to its platform, visit: http://www.coupa.com/solutions/releases/oct-11/
About Coupa Software
Coupa is the leading on-demand provider of solutions that control and streamline purchasing and expense management for organizations large and small. Coupa Cloud Spend Management delivers an easy to use, fast to deploy and affordable solution for requisitions, expense reporting, approval management, purchase orders, RFQs, contract compliance, inventory and invoicing, with no hardware to buy or software to license. With deep domain knowledge in e-procurement, a best-in-class cloud platform, and a fast-growing community of customers doing business with over 100,000 suppliers, Coupa enables smarter spending practices that empower companies to save money quickly. For more information please visit, http://www.coupa.com or call 650.931.3200.