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Enterprise spendmanagementsolution provider Coupa is expanding its offering with new features and a partnership with American Express, the companies said Wednesday (Nov. Coupa also announced the launch of Coupa Contract Lifecycle Management Advanced within its BSM platform, the result of its acquisition of Exari.
Spendmanagement software company Coupa first grabbed headlines when it entered the Unicorn Club following its $80 million investment round last year. Coupa is going public, planning an IPO to raise a goal of $75 million on the Nasdaq Global Market, reports said on Friday (Sept. Now, the company is doing it again.
The firm said it will use the latest funding round to help fuel expansion of its travel and spendmanagementsolutions. According to CEO Joel Vicient, the company streamlines T&E into a paperless, streamlined solution, with automation helping to reduce the risk of fraud and errors.
At the same time, these solutions are providing accounting departments with greater transparency into how funds are spent on field-based purchases, plus insights for future spending. With the availability of new spending tools and greater transparency, the nature of field-based work is shifting dramatically. About The Tracker.
It is thus unsurprising that 95 percent of companies are looking to improve their spendmanagement software this year. The Latest Workforce Spend News. Developments in the expense management world are heating up. Putting AI To Work In SpendManagement. Learn more in the Tracker’s Feature story.
The bank’s institutional division is encouraging AP departments to adopt a cloud-based procurement solution, created in partnership with spendmanagementsolutions provider Coupa.
Sterling Snow, vice president of marketing at corporate spendmanagement company Divvy , recently told PYMNTS that businesses (at least, the ones he works with) are hardly using checks at all. But it’s not the only thing businesses are trying to get rid of when it comes to company spend.
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