Coupa Cited as a Leader by Independent Research Firm

Rhea-AI Summary

Coupa Software (NASDAQ: COUP) has been recognized as a leader in the Forrester Wave™: Supplier Risk And Performance Management Platforms, Q3 2020. The firm evaluated 10 vendors on 24 criteria, giving Coupa top scores in both performance management and corporate strategy. Coupa's Business Spend Management platform enhances supplier visibility and risk control, pivotal during the global pandemic. CEO Rob Bernshteyn expressed pride in the recognition, emphasizing the company's innovation in supplier risk management.

Positive

• Recognized as a leader in Forrester Wave for Supplier Risk and Performance Management.
• Achieved top scores in performance management and corporate strategy criteria.
• Enabled companies to monitor supplier risk effectively amid the pandemic.

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• None.

SAN MATEO, Calif., July 28, 2020 /PRNewswire/ -- Coupa Software (NASDAQ: COUP) was named a leader in the Forrester Wave™: Supplier Risk And Performance Management Platforms, Q3 2020. The report evaluated supplier risk and performance management (SRPM) solutions from 10 different software vendors on a set of 24 criteria, naming Coupa as a Leader. Of the 24 criteria, Coupa received the top score in the performance management criterion and the highest score possible in the corporate strategy criterion.

The global pandemic has demonstrated the criticality of having full visibility and control into the risks and weaknesses associated with a company's portfolio of suppliers. The Coupa Business Spend Management (BSM) Platform enables companies to monitor supplier risk and optimize their supply base with AI-powered risk scores drawn from third-party data and supplier interactions from across the Coupa community.

"We are proud to be recognized as a Leader in the Forrester Wave for Supplier Risk And Performance Management during our first year of eligibility," said Rob Bernshteyn, chairman and chief executive officer at Coupa. "We believe this report offers strong validation of the strength of our vision and innovation in supplier risk, a critical component of Business Spend Management. With the Coupa platform, businesses can get the visibility, control, and prescriptive insights they need to spend smarter and safer every day."

"Coupa continues to grow revenue...thanks to its broad and deep suite of products and...exceptional commitment to customer success," writes report author Duncan Jones, vice president, principal analyst at Forrester. "Coupa is an excellent choice for enterprises that want an easy-to-use SRPM solution either standalone or as the first step in a journey to an integrated supplier value management (SVM) platform."

Click here to download the report.

To learn more about how Coupa can help your company achieve greater visibility into its business spend and avoid supplier risk, visit www.coupa.com.

About Coupa Software
Coupa empowers companies around the world with the visibility and control they need to spend smarter and safer. To learn more about how Coupa can help you spend smarter, visit www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.

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SOURCE Coupa Software

FAQ

What recognition did Coupa Software receive on July 28, 2020?

Coupa Software was named a leader in the Forrester Wave for Supplier Risk and Performance Management.

What criteria did Coupa excel in according to the Forrester Wave report?

Coupa received top scores in the performance management and corporate strategy criteria.

How does Coupa help companies manage supplier risks?

Coupa's Business Spend Management platform utilizes AI-powered risk scores to monitor supplier risk.

What did Coupa's CEO say about the Forrester Wave recognition?

CEO Rob Bernshteyn expressed pride in being recognized and highlighted the importance of supplier risk management.