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Coupa and NetSuite partner to transform procurement and expense management, driving customer savings

Integrated Solution Provides Businesses Real-Time Visibility into Spending and Savings

LONDON, Coupa INSPIRE EMEA Conference—October 16, 2014Coupa, Inc. (Coupa) today announced a strategic partnership with NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites to jointly promote and market the Coupa Cloud Procurement and Expense Management SuiteApp built for NetSuite to businesses seeking to transform their procurement and expense management processes. The integrated solution helps business improve spend visibility, gain more control over their financial processes, improve purchasing decisions and realise savings that directly impact the bottom line.

Companies can realise huge savings by having their end users purchase goods and services through the best suppliers and in adherence to corporate policies; and by avoiding the inefficiencies of needing to find other channels or expensing purchases after the fact. This strategic partnership brings together the strengths of both cloud leaders and offers the following key benefits to businesses:

  • Consumerizing financial applications, making it easy for employees and suppliers to transact and get what they need using any device. With the integrated NetSuite and Coupa solutions, companies can stay within budget with executive dashboards and real-time alerts that provide visibility into spending; prioritize audits with intelligent audit scoring; benchmark their spend management against key performance indicators in real time; and drive user adoption of company cost saving initiatives.
  • Bringing cloud-based solutions to companies of all shapes and sizes transforming the way they do business and making them more competitive.
  • Enabling both front office and back office users to take full advantage of an integrated solution combining the world's #1 cloud based business management suite with the industry's leading cloud procurement and expense solution. As part of this relationship, Coupa and NetSuite have invested in the technical integration of their respective cloud platforms using Coupa's Cloud APIs and NetSuite's SuiteCloud development platform.

"We believe this relationship can bring immense value to our joint customers. They can now take advantage of the benefits of both Coupa and NetSuite to help their employees easily purchase all of their goods and services including indirect goods anywhere, regardless of the device those customers are using—be it a smart phone, a tablet, or a personal computer," said Zach Nelson, NetSuite CEO.

"The combination of cloud-delivered capabilities from Coupa and NetSuite offers Box real value in our procurement and expense management processes," said Jeff Mannie, vice president and controller at Box. "The integration of these platforms and their underlying data gives Box a powerful new way to get even more insights into our business and identify opportunities to drive efficiencies and capture savings as a result."

Rob Bernshteyn, Coupa CEO added, "Coupa and NetSuite share a common goal of making customers successful by leveraging the data across both of our cloud platforms. We are excited to continue to enhance their experience by creating an even tighter integration between our products and our companies."

About Coupa Software
Founded in 2006, Coupa Software is a leading provider of cloud-based financial applications. More than 450 customers use the Coupa suite of financial applications to reduce costs up to 11 percent. Only Coupa provides a suite of true cloud applications for finance, including procurement, expense management and accounts payable that allows customers to launch the solution immediately and quickly realise significant savings. Learn more at: coupa.com or call +1 (650) 931-3200. Read more at our company blog, Making Cents or follow @Coupa on Twitter.

About NetSuite
NetSuite Inc. is the industry's leading provider of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software suites. In addition to financials / ERP software suites, NetSuite offers a broad suite of applications, including accounting, Customer Relationship Management (CRM), Professional Services Automation (PSA) and ecommerce that enable companies to manage most of their core business operations in its single integrated suite. NetSuite software allows businesses to automate operations, streamline processes and access real-time business information anytime, anywhere.

 

Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuiteEMEA Twitter handle for real-time updates.

For more information about NetSuite, please visit www.netsuite.co.uk.

NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.