08 Nov 2019 Coupa Inspires
I was lucky enough to attend Coupa’s conference in London this week and as usual, Inspire lived up to its name. It is in many respects a standard corporate celebration with product announcements and good news all round but there is something quite genuinely inspiring about Coupa’s events. It gives existing and prospective customers faith in their decision and it reassures people like me that the positive things we’ve been saying for years really do stack up.
Coupa is still on top of it’s game and I heard of a few very significant customer wins that have just or will soon be confirmed. It may not be what Coupa’s competition want to hear but on the positive side it bodes very well for P2P generally which remains a very healthy niche
A strong theme throughout Inspire ’19 was “community”. Since its beginning, Coupa claim that they have uniquely recognized the power of ‘community’ to help companies uncover new ways to strategically manage their spend. The purpose-built Coupa BSM Platform (Business Spend Management) brings together a global community of businesses to collaborate with one another, and to leverage prescriptive insights from more than $1.3 trillion in cumulative business spend. Source Together, Coupa’s newest offering, promises community-powered savings by connecting businesses with similar buying needs so they can source products and services as a group. And the latest innovation Supplier Insights draws upon Coupa’s aggregated and anonymous spend data from a global community of businesses to automatically tag suppliers that meet diversity requirements, such as those that are women, minority, or veteran-owned within their Coupa experience.
The innovations don’t stop there and there was lots of talk about enhanced UI. According to Coupa, the foundation of spending smarter is a comprehensive, user-centric platform that makes it easier for everyone in an organization to manage all aspects of business spend, from source to settle. This means delivering a unified, consumer like experience across all areas of spend that enables employees to rapidly adopt and obtain value from new capabilities offered on the Coupa BSM Platform, such as advanced contract lifecycle management and payments, without the feeling of learning a new application.
Coupa is still on top of it’s game and I heard of a few very significant customer wins that have just or will soon be confirmed. It may not be what Coupa’s competition want to hear but on the positive side it bodes very well for P2P generally which remains a very healthy niche.