Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Coupa Unveils New Product Innovations to Advance Business Spend Management
Coupa Unveils New Product Innovations to Advance Business Spend Management

Published : , on

Company continues to set innovation agenda with enhancements focused on expanding community intelligence, openness to third-party systems, and user-centric experiences 

Coupa Software (NASDAQ: COUP), a leader in business spend management (BSM), today announced new product innovations to advance the company’s BSM capabilities. Debuted at its annual Inspire conference in San Francisco, the innovations include enhancements to community intelligence, third-party systems, and user-centric experiences that will provide businesses even more visibility into spend, processes, and performance.

“Traditionally, finance and procurement teams faced numerous challenges that have prevented effective visibility throughout their organisations,” said Raja Hammoud, senior vice president of products at Coupa. “Our BSM solution brings everything together with a single, easy-to-use cloud platform, and our new product enhancements take that holistic approach even further, enabling spend-focused analysis by decision makers.”

Community Intelligence

The new product release focuses on business fraud, category spend, and employee responsiveness to help customers make accelerated, data-driven decisions using prescriptive community intelligence.

Spend Guard uses artificial intelligence (AI) to analyse employee spend transactions to help detect potential fraud. Spend Guard takes an important step in transforming fraud auditing by analysing employee behaviours across all spend applications on the Coupa platform to help detect potential fraud. This application is currently available in an early access program.

Commodity Insights helps businesses optimise category spend. Insights include identification of top suppliers for critical commodities, spend benchmarks, and recommendations to maximise spend value.

Approver Cycle Times empowers users to speed up or slow down the approval process by comparing individual performance to peer performance. 

Open Platform for Third-Party Systems

The new release extends the value of BSM with third-party systems to support end-to-end business processes that span different functions across an enterprise.

Coupa Inventory is now voice activated. Users can access Amazon Alexa® voice commands to locate items, adjust inventory balances, and reorder stock. The voice capability is currently available in an early access program. 

Coupa Open Buy expands to include supplier items and pricing content from additional suppliers such as Imperial Supplies, Office Depot, and Staples. The additional suppliers are currently available in an early access program.

Coupa Risk Aware monitors hundreds of data sources to reduce supply chain risk. The application can now integrate with customers’ own sources of governance, risk, and compliance (GRC) data and enables customers to calibrate the data sources to create their own supplier health score. 

User-centric Experiences

Coupa continues to deliver more user-centric experiences to increase productivity such as:

  • Automatic tax coding for supplier invoices
  • Contract creation from Coupa Sourcing Optimisation
  • Improved handling of business requests that do not result in purchases

“Coupa’s cloud platform coupled with its continuous innovation is a strategic asset for businesses,” said Mickey North Rizza, program vice president, enterprise applications and digital commerce at IDC. “The company’s rapid development of innovative digital tools for business spend management has improved the user experience across business spend and enhanced the value to focus on the supplier. This is why we have recognised them as a global leader in our recent IDC MarketScape reports.”

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post