Some of the world's largest multi-national companies select Coupa's Value-as-a-Service

Coupa Software, a leader in cloud-based spend management, announced today that more of the world's largest brands have deployed Coupa because they are increasingly recognizing the value of managing their spend to achieve real, measurable business success with software that reflects consumer-driven innovations.

Since the company's inception, customers have used Coupa's platform to bring more than $200 billion of cumulative spend under management, which Coupa estimates has resulted in more than $7 billion of customer savings to date, based on applying certain savings rates derived from industry benchmarks. This customer success helped propel Coupa to more than $100 million of billings last year and has helped Coupa grow revenue by more than 60 percent year over year.

Coupa has recently signed up some of the world's largest brands representing a cross-section of sectors that view simplicity and flexibility as critical to achieving full software adoption across employees and suppliers alike. These global companies include:

To meet the evolving product and technology needs of today's global enterprises, Coupa also enhanced its cloud platform with the unveiling of Release 14 in January 2016 and the availability of Release 15 in May 2016. Additional product enhancements include the launch of a new API certification program to connect Coupa customers' faster, the expansion of embedded dashboards and analytic capabilities to provide big data visibility, and the modernization of Coupa's contract lifecycle management product. In January 2016, Coupa announced the acquisition of Vancouver, Canada-based Contractually to help businesses streamline the way they manage contract lifecycles, by reducing human error and increasing efficiency.

"I am proud of the value we are able to create with all our customers: small, medium and large. But there are no secrets to the success that our customers are having. It is the result of our joint clarity of purpose, focus on results, and commitment to continuous improvement," said Rob Bernshteyn, CEO of Coupa. "Our company's momentum reflects an objective that is woven into the DNA at Coupa, which is to provide our customers with the industry's best solutions that add value to their bottom line by driving measurable and quantifiable outcomes."

In May 2016, Coupa hosted a record number of customers, partners, prospects and employees during its annual Inspire conference held at the Westin St. Francis in San Francisco's Union Square. Inspire is one of the fastest growing spend management industry events in the world. During the conference, Coupa's Bernshteyn hosted Sir Richard Branson, Founder of the Virgin Group, and his son, Sam Branson, a social entrepreneur, filmmaker and adventurer, as featured speakers in an exclusive keynote.

Bernshteyn also released to attendees at Inspire advanced copies of his forthcoming book on Value-as-a-Service, which is scheduled for official release in August 2016. Bernshteyn's book examines how businesses are rapidly gravitating towards products that provide a quantifiable value to customers.

Coupa's Recent Business Highlights:

Customers Recognize Coupa's Value at Industry Events

Known for One of the World's Largest Business Networks

Received Top-Tier Industry Awards for Global Leadership

Continue to Differentiate Coupa with Comprehensive Product Roll Out

Solidified Leadership with formation of Coupa's Executive Advisory Board, Strategic Partnerships and Expansion of Coupa Advantage

Honored Individual Customers for Exemplifying Collaborative Leadership

About Coupa Software

Coupa Software, a leader in cloud-based spend management, enables businesses everywhere to recognize bottom-line financial success via Value-as-a-Service. Customers – small, medium and large - representing the Americas, EMEA, and APAC rely on Coupa to support business agility and reduce costs. Only Coupa provides an organic suite of true cloud spend management applications, including invoicing, procurement, expense management, sourcing and inventory, allowing customers to realize a return on investment that can start within a few months and grow continually. Learn more at www.coupa.com.

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Coupa Software Orlando De Bruce, 650-485-8629 Global Public Relations orlando.debruce@coupa.com