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Coupa, a leader in Business Spend Management (BSM), empowers organizations worldwide with the visibility and control they need to spend smarter and safer. Coupa's AI-powered platform delivers real-time insights, enabling companies to achieve operational excellence, optimize cash, and reduce risks. Serving over 3,000 global organizations, Coupa has firmly established itself as a trusted partner in financial management and supply chain optimization.
Recently, Coupa has strengthened its leadership team with notable appointments. On November 21, 2023, Kevin Burns, a seasoned executive with over 30 years of experience in market-leading technology companies, was named Chief Financial Officer (CFO). Burns' extensive background in financial management and his role in leading Dynatrace's IPO highlight his capability to drive growth and profitability at Coupa.
In April 2024, Coupa released a global CFO survey that reflects the current sentiments of finance leaders. Despite the eagerness to invest in AI, CFOs express doubts about their ability to successfully implement AI strategies amidst economic uncertainties. Coupa’s reports provide critical insights to help business leaders navigate these challenges. The survey emphasizes the importance of AI in areas like fraud detection, supplier evaluation, and regulatory compliance.
Additionally, Coupa has appointed Greg Harbor as Chief Partner Officer to scale its global partner ecosystem. Harbor's extensive experience in technology and management consulting, particularly at Capgemini and SAP, will be pivotal in enhancing Coupa's partner strategies and delivering value to its global community.
Coupa continues to innovate and expand its offerings, ensuring sustainable business growth and customer success. Leveraging advanced AI-driven solutions, Coupa helps organizations overcome data challenges, improve efficiencies, and make informed decisions. By prioritizing responsible AI deployment and cross-functional collaboration, Coupa remains at the forefront of transforming business operations in a dynamic regulatory landscape.
Learn more about Coupa at coupa.com and follow them on LinkedIn and X (Twitter).
Coupa Software (NASDAQ: COUP) announces the appointment of Stuart O'Neill as managing director for the Asia Pacific (APAC) region. O'Neill, a technology veteran with two decades of experience, aims to enhance regional go-to-market strategies and sales operations in Business Spend Management (BSM). Under his leadership, the team has achieved 18 new customer deployments with a record implementation time of 10 weeks. O'Neill emphasizes customer success and aims to help companies navigate spend visibility and supply chain risks post-pandemic.
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.
On October 21, 2020, Coupa Software (NASDAQ: COUP) unveiled the Coupa Inclusion Initiative, aimed at facilitating corporate spending with diverse and inclusive suppliers. This program offers a range of resources, including a diverse supplier portal to connect buyers with suppliers, promoting economic impact. The initiative also provides tools to help diverse suppliers succeed and guides companies in integrating diversity into their supply chains. It emphasizes the strategic importance of supplier diversity for improving ROI, reducing costs, and fostering innovation.
Coupa Software has announced the appointment of Michelle Brennan to its board of directors. Brennan, a seasoned healthcare executive with extensive experience in corporate strategy, previously served as Global Value Creation Leader at Johnson & Johnson. Her tenure at Johnson & Johnson saw her deliver $1 billion in savings within six months through efficient cost management. CEO Rob Bernshteyn expressed optimism about Brennan's impact on Coupa's growth trajectory, emphasizing her operational leadership and commitment to enhancing Business Spend Management.
On September 9, 2020, Coupa CEO Rob Bernshteyn launched his book Smarter Together: How Communities are Shaping the Next Revolution in Business, which advocates for the concept of Community Intelligence. He emphasizes leveraging collective data to drive business efficiency and agility. The book outlines how industries can utilize real-time insights for strategic decision-making, empowering companies and individuals alike. Bernshteyn argues that businesses must adopt Community Intelligence to thrive or risk being outpaced by competitors embracing this paradigm shift.
Coupa Software (NASDAQ: COUP) reported strong financial results for Q2 2020, with total revenues of $125.9 million, a 32% increase year-over-year. Subscription revenues rose 34% to $111.6 million. Non-GAAP operating income was $12.3 million, up from $4.8 million in the previous year. However, GAAP net loss increased to $43.1 million, leading to a net loss per share of $0.64. Coupa generated $100 million in adjusted free cash flows over the last 12 months, demonstrating continued investment in long-term success.
Coupa Software (NASDAQ: COUP) will participate in two upcoming virtual investor conferences. The first is KeyBanc Capital Markets' Future of Technology Series, scheduled for September 9, 2020 at 9:40 am PT. The second is Citi's 2020 Global Technology Virtual Conference on September 10, 2020 at 11:25 am PT. Both events can be accessed live through Coupa's investor relations website, with replays available for at least 90 days.
Coupa Software (NASDAQ: COUP) released its Q3 2020 Business Spend Index (BSI), indicating a 9.6% recovery in business spend sentiment after substantial decline. Despite this rebound, confidence remains low, below the trend line, suggesting cautious spending behavior for the next three to six months. Key sectors like financial services showed improvement due to government interventions, while health and life sciences experienced a decline. Overall, the index reflects ongoing adjustments to the economic landscape amidst the pandemic.
Coupa Software (NASDAQ: COUP) will hold its quarterly conference call to discuss its fiscal second quarter 2021 financial results on September 8, 2020, at 1:30 p.m. PT (4:30 p.m. ET). The call will be accessible via a live webcast at the Coupa Investor Relations website. A replay will be available after the call. The earnings release will be posted on the same website prior to the conference call. Coupa aims to help businesses worldwide enhance their spending strategies.
Coupa Software (NASDAQ: COUP) announced its participation in the Canaccord Genuity 40th Annual Growth Conference, scheduled for August 12, 2020, starting at 7:30 am PT (10:30 am ET). The event will be accessible live via Coupa's investor relations website, where a replay will also be available for 90 days afterward. Coupa empowers companies globally to manage their spending more effectively. For further details and updates, visit www.coupa.com.
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