Coupa

Coupa is procurement, invoicing, supply chain, and expense management software that offers an all-in-one solution that's built to support and streamline various spending activities. Its key features include travel expense reporting, contract management, AP automation, and spend analysis.

Pricing:

Coupa's pricing is not readily available on their website. Interested users should request a demo of the specific product they wish to learn more about or fill out the platform's online contact form for a custom quote.

Coupa Products:

1. Travel and expense management.

Coupa offers a comprehensive set of travel and expense tracking tools for a seamless and efficient spending-to-reimbursement process. Users can import expense line items and receipts from various sources to expedite report creation, while the software automatically scores every expense report using intelligent audit algorithms.

Users can also easily manage VAT, global per diems, and receipt digitization to track against global compliance requirements, while the Coupa mobile app simplifies business travel with pre-trip approvals, mileage tracking, and on-the-go receipt capturing. Other tools include reimbursements via banking integrations and automated reconciliations.

The platform allows users to see travel and expense data from a centralized dashboard to gauge program performance, identify savings opportunities, and research improvements.

2. Invoice management.

Coupa's e-invoicing solution ensures efficient and timely handling of vendor payments and billing. Suppliers can send electronic invoices via email for quick processing, and in turn, the software's smart matching technology ensures invoice data is accurate and error-free.

The solution also includes full invoice data extraction, automated approval reminders, fraud and error detection, and country-specific compliance.

3. Procurement.

The platform's powerful procurement solution is built to give users complete control of purchase requisitions and order processes in real-time. The software guides employees through the buying process by surfacing preferred items, taking account of contracted benefits, and embedding policies directly into the buying experience.

Budget management tools for efficient spending and savings are also available, as well as contract compliance, delivery and service performance tracking, error detection, purchase orders, and inventory management.

4. Payments and billing.

Companies can use Coupa Pay to automatically reconcile and easily manage all payments to suppliers, employees, subsidiaries, and other beneficiaries from a centralized platform. The software provides visibility into payment status while reducing complex supplier onboarding, payment processing, and payment infrastructure maintenance efforts.

Users can optimize cash flow by using multilateral netting and drive more spending through virtual cards with bank rebates. The platform's treasury management tool includes interest and principal settlements, risk planning, forecasting, in-house banking, fraud protection, and in-depth reporting.

5. Supply chain planning.

Users can take advantage of Coupa's digital twin functionality by visualizing current supply chain systems, identifying areas of improvement with the software's advanced algorithms, and running countless design scenarios to confidently create the most efficient system possible.

6. Contract management.

Coupa's contract management software automates contract workflows for increased control and efficiency across the entire contract lifecycle. The solution includes robust contract drafting, MS Word add-ons, risk management, and efficient collaboration for negotiations, internal contract reviews, and audit trails.