|By Business Wire||
|December 11, 2012 07:02 AM EST||
Coupa Software, the leading provider of cloud-based spend optimization solutions, today announced that it has taken more than 50 new customers live with their implementations in 2012 to date. The list includes companies like Jones Lang LaSalle Americas, Inc., Adidas Latin America, Orbitz Worldwide, Inc., The Blackstone Group and Coca-Cola Bottling Co. Consolidated. These new customers alone have already purchased more than $2 billion in spend through Coupa’s Software-as-a-Service (SaaS) platform and have saved an average of 11 to 13 percent on spend in 2012.
“We are dedicated to making our customers successful,” said Ravi Thakur, vice president of customer success, Coupa. “With our SaaS platform delivered via the cloud, Coupa customers are able to go live in weeks. This is true even in complex environments and translates into excellent time-to-value since spend can start flowing through the system quickly and savings can begin immediately.”
As a true SaaS solution, Coupa is leading the industry in implementation results even when faced with highly complex environments. Coupa implementation highlights include:
- Integration across 28 different ERP/HR systems
- Integration with more than 318 business objects
- Average implementation time – 83 days
- Shortest implementation time – 6 days
“In our industry, we deal with a large number of suppliers, and we knew we needed to streamline our procure-to-pay process,” said Bryce Berg, vice president of corporate administration, Molina Healthcare, Inc., a leader in providing quality healthcare for financially vulnerable individuals and families. “With Coupa, we were able to seamlessly and fully integrate the new solution into existing systems. Also, with the rapid growth we are experiencing, we have processes and systems now that can scale with our business.”
About Coupa Software
Founded in 2006, Coupa Software is the leader of cloud-based spend optimization software. More than 250 customers in 40 countries use Coupa purchasing and procurement software to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a true cloud procurement application that enables customers to launch the solution rapidly and quickly realize significant savings. Learn more at: http://www.coupa.com or call 650.931.3200. Read more at our company blog, Making Cents, or follow @Coupa on Twitter.