Market Overview

Caterpillar Selects Coupa's Procure-to-Pay Solution

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SAN MATEO, Calif., Feb. 21, 2017 (GLOBE NEWSWIRE) -- Coupa Software (NASDAQ: COUP), a leader in cloud-based spend management, announced today that Caterpillar Inc. has chosen Coupa's Procure-to-Pay (P2P) solution, which includes global invoice compliance.

Coupa's industry leading cloud-based P2P solution helps businesses improve visibility into indirect spend, make better purchasing decisions, increase efficiency of their accounts payable processes, and realize savings that directly impact their company's bottom line. Coupa's P2P solution helps customers manage and optimize their spend by leveraging a consumer-like user experience combined with catalogs and contracts within a single unified B2B platform.

"With our P2P, customers are able to drive increased adoption across their employees and suppliers as well as capture spend-related transactions in one place that's available anytime, anywhere from any device," said Rob Bernshteyn, CEO, Coupa.  

Coupa works with ERP systems such as SAP, Oracle, NetSuite, or Great Plains to provide organizations with the measurable value that has long been lacking in traditional spend management tools.

Named one of the "World's Most Admired Companies" by Fortune Magazine, Caterpillar (CAT) is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

About Coupa Software
Coupa Software (NASDAQ: COUP) is the cloud platform for business spend. We deliver "Value as a Service" by helping our customers maximize their spend under management, achieve significant cost savings and drive profitability.  Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally.  The Coupa platform provides greater visibility into and control over how companies spend money. Customers – small, medium and large – have used the Coupa platform to bring billions of dollars in cumulative spend under management.  Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.

Media inquiries:
Orlando De Bruce
Coupa Software     
Global Public Relations
orlando.debruce@coupa.com
O (650) 485-8629

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