A cloud-based procurement software that assists with purchase requisitions, purchase orders, and inventory control. Part of the Coupa Business Spend Management platform.

Product Overview

Coupa Procurement is a cloud-based software designed to streamline procurement processes, offering tools for contract and supplier oversight, inventory control, and purchase orders and requisitions. It assists with spend management, enhancing budget monitoring and fraud prevention.

Key features include efficient payment management, compliance tracking, and e-invoicing capabilities. Coupa Procurement is a part of the Coupa Business Spend Management suite, offering software solutions for procurement, supply chain, and finance.

Pros

  • Consolidated one-page checkout screen
  • Auto-conversion of requisitions to emailed purchase orders
  • Offers auditable record of all purchases

Cons

  • Limited customer support
  • Complex setup process
  • Lacks project accounting suite

Target Market

Medium-sized companies ranging from 50 to 1,000 employees and large enterprises employing 1,000 to over 10,000. Its open-architecture software promotes easy adaptation, making it flexible for the diverse ecosystems of larger businesses.

About Coupa Procurement

What Is Coupa?

Coupa Procurement is a business spend management platform that helps businesses manage their expenses. It offers a cloud-based solution for procurement, sourcing, contracting, expense management, invoicing, and payments.

Coupa Procurement Key Features

  • Procurement Module: Coupa’s procurement module assists businesses in creating purchase orders, tracking spending, and managing supplier contracts across the organization. It includes features such as supplier catalogs for better pricing negotiation, purchase order approval workflows, and alignment with company policies.
  • Expense Management: The platform offers software for managing employee expenses and reimbursements, including travel and entertainment expenses. Key features include expense policy compliance checks and mobile expense management, simplifying employee reporting processes.
  • E-Invoicing and Payments: Coupa Pay provides an e-invoicing module that enables electronic receipt and processing of invoices, reducing the reliance on paper-based processes. Additionally, it offers a payments hub solution integrating various payment methods like e-checks, ACH, wire, v-cards, and digital payments, which help optimize treasury processes.
  • Analytics and Reporting: The solution provides real-time visibility and robust information management with a smart dashboard and reports. These tools enable users to track spend by supplier, category, and department.
  • Other Features: Coupa also offers contract management for enhancing supplier management, including onboarding, performance analysis, and compliance monitoring. Additionally, it provides features for spend analysis, strategic sourcing, treasury management, inventory management, supply chain design, and services and contingent labor management.

Coupa Acquisition

Coupa was recently acquired by Thoma Bravo, which means the platform will receive additional funding to expand its innovative capabilities and strengthen its business fundamentals. With this Coupa acquisition, the already impressive spend management software is set to become even more powerful, helping businesses manage expenses with ease.

Starting Price
$11 /user/month
Price Range Learn More
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Product Overview

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User Reviews of Coupa Procurement

★★★★★
★★★★★
Submitted on September 13th, 2022 by Anonymous

One of the most comprehensive end to end solutions in the market with amazing user experience

The Good…

ease of use comprehensive their community.ai

The Bad…

branding