Coupa, the margin multiplier company, has been positioned in the Leaders category in both the Enterprise and Mid-Market IDC MarketScape for Worldwide SaaS and Cloud-Enabled Mid-Market Accounts Payable Management Software Market 2024 vendor assessment
The IDC MarketScape for Mid-Market Accounts Payable Management named Coupa as a Leader. This is the third time Coupa has been named a Leader.
“As higher costs and volatility impact the availability of operating capital to fuel business growth, fast-growing companies are turning to automation and AI to help them scale their processes and savings,” said Fang Chang, Chief Product Officer at Coupa. “With the Coupa platform, our customers are using community data to boost productivity and efficiency. Best-in-class customers have improved touchless invoicing, with 83% of invoices being processed digitally and a 97% first-time match rate. Our automated controls increase compliance and optimize payment timing, freeing up accounts payable (AP) teams for high-value work.”
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The IDC MarketScape for Mid-Market Accounts Payable Management Software found Coupa’s AI-driven platform as a key strength. The report states, “AI is embedded across all aspects of the platform with support for fraud detection, working capital management, invoice cycle acceleration, and more. With data collected from over 10 million suppliers and over $6 trillion in transactions, Coupa AI offers enhanced insights, supplier performance ratings, easier supplier onboarding, enhanced benchmarking, and more.”
Thumbtack is a technology company helping millions of people confidently care for and improve their homes. Bringing the $600 billion home services industry online, Thumbtack provides homeowners with personalized guidance on what to do, when to do it, and who to hire. As a growth-stage tech startup, Thumbtack turned to Coupa for compliance and control while empowering its employees and suppliers.
“Coupa helped us transform accounts payable (AP) and build out our procurement function. It upleveled our AP and procurement processes, which in turn enabled the business to be more compliant and accountable while allowing us to move quickly and focus on hypergrowth,” said Coreen Riley, Assistant Controller at Thumbtack. “With the productivity and efficiency gains from seamless automation and touchless processing, we can do more with less, allowing our team to scale and save.”
SOURCE: PRNewswire