PR Newswire
SAN MATEO, Calif., Feb. 6, 2019
SAN MATEO, Calif., Feb. 6, 2019 /PRNewswire/ -- Coupa Software (NASDAQ: COUP), a leader in business spend management, today announced its latest release of product innovations for the Coupa Business Spend Management (BSM) Platform. New industry-first capabilities unveiled as part of this release leverage community intelligence, powered by artificial intelligence (AI), and enhanced global compliance capabilities to empower businesses to manage their global business spend in a simpler, safer, and smarter way than ever before.
"Businesses are facing more complexity and uncertainty than ever, stemming from security and fraud risks, to evolving global compliance regulations, and more," said Raja Hammoud, senior vice president of products at Coupa. "The capabilities that we released today were developed in response to conversations with customers who are navigating this landscape every day. These innovations deliver against our mission to continuously set the innovation agenda for our industry and make business spend management simpler, safer, and smarter for companies everywhere."
AI-Powered Fraud Prevention
New capabilities in the Coupa BSM Platform enable finance teams to focus on preventing fraud – a growing concern of all businesses – before it happens.
"Companies simply don't have the bandwidth to manually review every employee and supplier transaction for fraud. Beyond the sheer volume of transactions, it's very difficult to isolate intentional fraud from simple accidents," said Jimmy LeFever, senior research director, Global Procurement and P2P Advisory at The Hackett Group. "Coupa's use of AI to intelligently flag suspicious transactions within the spend cycle will allow businesses to focus audit efforts on stopping payments before they happen to better protect against financial losses."
Consumerized Business Spend Management Experiences
New procure-to-pay (P2P) and supplier management enhancements make the employee and supplier user experience simple and friendly while also driving engagement and increasing spend visibility and control.
Global Compliance Controls
New capabilities enable global businesses with even more control to manage new, complex, global, and market-specific compliance requirements.
To learn more about these new capabilities, click here. To find out how Coupa can help your company achieve greater visibility and control into your business spend, click here.
About Coupa Software
Coupa Software is the leading provider of BSM solutions. We offer a comprehensive, cloud-based BSM platform that has connected hundreds of organizations with more than four million suppliers globally. Our platform provides greater visibility into and control over how companies spend money. Using our platform, businesses are able to achieve real, measurable value and savings that drive their profitability. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
1 Legge n. 205/2017, art. 1, commi 909 e 916
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SOURCE Coupa Software
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