Coupa Named a Leader in the 2020 Gartner Magic Quadrant for Procure-to-Pay Suites for the Fifth Consecutive Time

Rhea-AI Summary

Coupa Software (NASDAQ: COUP) has been recognized as a Leader in the 2020 Gartner Magic Quadrant for Procure-to-Pay Suites for the fifth consecutive time. The report evaluated 14 vendors on 15 criteria, placing Coupa in the Leaders quadrant due to its completeness of vision and ability to execute. This recognition reflects Coupa's commitment to providing businesses with tools for smarter and more efficient spending, especially vital in today's unpredictable environment. Customers like the American Cancer Society have effectively utilized Coupa's platform to manage costs and supplier relationships amidst challenges.

Positive

• Recognized as a Leader in the 2020 Gartner Magic Quadrant for Procure-to-Pay Suites for the fifth consecutive time.
• Evaluation included 14 vendors across 15 criteria, indicating strong performance against competitors.
• Demonstrated ability to provide comprehensive Business Spend Management solutions, enhancing customer operations and supplier relationships.

Negative

• None.

SAN MATEO, Calif., Oct. 21, 2020 /PRNewswire/ -- Coupa Software (NASDAQ: COUP) today announced that it has been named a Leader in the 2020 Gartner Magic Quadrant for Procure-to-Pay Suites for the fifth consecutive time. The report evaluated 14 vendors across 15 types of evaluation criteria and positioned Coupa in the Leaders quadrant for completeness of vision and ability to execute.

"To us, being named a Leader by Gartner for the fifth consecutive time is an honor and validates our mission of empowering businesses with the visibility and control to spend smarter, simpler, and safer," said Raja Hammoud, executive vice president of products at Coupa. "Now more than ever, companies need the right technology solutions and insights to navigate an unpredictable business environment. At Coupa, we remain focused on delivering a comprehensive Business Spend Management platform helping customers thrive in any economic condition."

For example, American Cancer Society used Coupa to more efficiently transact with suppliers during the pandemic, which has helped the nonprofit to contain costs and mitigate supply chain risk.

"With Coupa, the American Cancer Society was able to shift from what was once a reactive procurement function to a state where we could proactively manage costs and supplier relationships holistically, even through the most difficult and uncertain of times," said Brian Kyle, managing director, Strategic Sourcing & Contracts Management at American Cancer Society. "As a global grassroots organization with over two million volunteers spanning numerous offices, treatment centers, and patient lodges across the country, having the agility, visibility, and control to manage its entire supply chain through a unified Business Spend Management platform was vital to operations and ensuring future organizational resilience."

To get started with Coupa, visit https://www.coupa.com/.

^{[1] Gartner "Magic Quadrant for Procure-to-Pay Suites", Kaitlynn Sommers, Micky Keck, William McNeill, Tim Faith, October 19, 2020.}

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Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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 does Coupa Software's recognition as a Leader in the 2020 Gartner Magic Quadrant for Procure-to-Pay Suites mean for COUP shareholders?

Being named a Leader indicates strong market positioning and potential growth opportunities for Coupa Software, which can positively impact COUP's stock performance.

How many times has Coupa Software been recognized as a Leader in the Gartner Magic Quadrant?

Coupa Software has been recognized as a Leader in the Gartner Magic Quadrant for Procure-to-Pay Suites for the fifth consecutive time.

What criteria did Gartner use to evaluate Coupa Software in the 2020 report?

Gartner evaluated Coupa Software based on 15 different criteria, focusing on completeness of vision and ability to execute.

Who benefited from Coupa's platform during the pandemic?

The American Cancer Society benefited from Coupa's platform by improving supplier transactions and managing costs during the pandemic.