Customers use Coupa to optimize their sourcing and adaptive supply chain strategies. realize $221 billion Reduce costs and increase profit margins
foster city california, December 5, 2024 /PRNewswire/ — Coupa’s growing community of over 3,000 global brands is… $221 billion Amount saved to date, and approximately $17 billion Savings can be made in the third quarter of the fiscal year alone. By leveraging Coupa’s state-of-the-art AI total spend management platform, customers can benefit from more favorable supplier, sourcing, and supply chain design and planning strategies to reduce costs and improve profit margins. Masu.
“Coupa’s goals are ambitious. We are building a network that will power the future of global trade, where supply and demand autonomously match in real time, opening up new growth opportunities for millions of buyers and suppliers. We have an unparalleled network of 10 million buyers and suppliers growing every day. 7 trillion dollars A dataset that grows with transactions every year. All of this is informing community-generated AI that gets smarter by the minute, helping businesses accelerate efficiency and growth plans, avoid future risks, and build a better tomorrow together. It helps build resilience. ” lee turnerCoupa CEO.
“Coupa’s ambitions are being put into action by the strongest team, technology and community I’ve ever seen. The business is accelerating, innovating and growing. The company has a 95% overall retention rate. We continue to deliver tangible value to our customers that will help drive margins, and we continue to deliver EBITDA margins of around 40% per year,” Turner continued. .
“We want procurement to become an almost invisible support. End users don’t have to think about who to contact or how to buy. That’s why Coupa is so powerful for our business.” bernard hardyDirector of Procurement Excellence at Akzo Nobel, a leading supplier of sustainable and innovative paints and coatings to customers around the world. Learn more about AkzoNobel’s story here.
Coupa community highlights for the third fiscal quarter include:
More than 380 global companies have started or expanded partnerships with Coupa. This quarter’s new winners include American Residential Services, Bugaboo International, Nextracker, San Francisco Giants, Swiss Life Germany, Swiss Steel Group, Viña Concha y Toro, and Yamaha Motor Company. Coupa’s supply chain business saw new bookings increase 128% quarter over quarter, welcomed several new customers and relaunched several major brands. According to Forrester Research’s 2024 Total Economic Impact Study, which quantified the business value delivered by Coupa, customers realized a 276% ROI within three years and more than tripled their economic savings with a payback within 10 months. Achieved profit. Coupa’s global community event Inspire will focus on the company’s ‘margin multiplier effect’. las vegas above May 12-15, 2025 A series of World Tour events followed. frankfurt, london, sydneySão Paulo, Tokyo All year round. These events allow procurement, finance, supply chain, and IT professionals to learn from their industry peers through curated learning and networking. Coupa’s AI-driven total spend management platform continues to be recognized by leading analyst firms for its innovative use of AI, automation, customer centricity, and compliance. During Coupa’s Global Impact Week, more than 500 Coupanians stood up to make positive change. Employees ran, walked, and biked more than 3,500 miles in 13 countries and 38 events to donate to Guide Dogs, World Vision, and the American Red Cross. Other organizations our employees support with donations of money and time include SuitUp, the Dublin Society for the Prevention of Cruelty to Animals, and Clean up the Arakawa River. Tokyoand local food banks. bogotá, atlantaand New York. For Tuesday’s donation, Coupa matched employee contributions by 200%. Coupa recently added the following experienced technology and industry leaders to its leadership team:
About Coupa
Coupa doubles profits through community-generated AI and an industry-leading total spend management platform for businesses large and small. Coupa AI receives information from trillions of dollars of direct and indirect spend data across a global network of more than 10 million buyers and suppliers. We provide the ability to predict, prescribe, and automate smarter, more profitable business decisions to improve operating margins. Coupa is a Margin Multiplier Company™. For more information, please visit coupa.com. Also, follow us on LinkedIn and X (Twitter).
Source Coupa Software
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