Coupa is a business spend SAAS (Software-as-a-Service) company which benefits from network effects, high switching costs and could be a beneficiary of a normalizing economy during 2021.
I’m involved in procurement during my day job so I was impressed by Coupa’s cloud software. Business spend can be a slow and manual process. Before buying something, employees may have to review different electronic or paper files for pricing. Tendering for a product can be a painful process if you are relying on email or a paper process. Evaluating suppliers is tough if the supplier is privately owned and discloses limited information on performance and financial results. Lastly, benchmarking prices is a pain because pricing may not be transparent for certain products.
Enter Coupa! Coupa’s business spend platform connects its more than 1,400 clients with more than 5 million suppliers globally. Coupa’s business spend software is easy to use, and helps companies spend smarter together....