Coupa Named a Leader in IDC MarketScape: Worldwide SaaS and Cloud-Enabled Mid-Market Treasury and Risk Management Applications 2023 Vendor Assessment
Coupa’s comprehensive platform providing end-to-end visibility are among the strengths recognized
Coupa Software, a leader in Business Spend Management (BSM), has been positioned in the Leaders Category in both the Enterprise and Mid-Market IDC MarketScape for Worldwide SaaS and Cloud-Enabled Treasury and Risk Management Applications 2023 Vendor Assessments (Doc #US45741720e, July 2023).
The IDC MarketScape for Mid-Market Treasury and Risk Management named Coupa as a Leader for its comprehensive platform that provides full source-to-settle capabilities, helping treasurers make smarter decisions by increasing transparency, optimizing liquidity, and improving forecasting.
“We believe this recognition from the IDC MarketScape is a testament to the value our BSM platform brings to treasurers for improving cash management and liquidity. Recent market volatility has exposed vulnerabilities in the global banking industry, substantiating how important it is for treasurers to have full visibility and control of business spend in a connected system,” said Raja Hammoud, executive vice president of products at Coupa. “Our BSM community is our inspiration for innovation, and we’re dedicated to building on and bettering Coupa Treasury for their long-term success.”
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The IDC MarketScape for Mid-Market Treasury and Risk Management Applications found Coupa’s full business management solution to be a key strength. The report states, “Coupa delivers a full business spend management solution, extending beyond Treasury and Risk Management by providing full source-to-settle capabilities that unify the payment processes within spend transactions, reduce risk and prevent fraudulent payments from being made (reducing need for supplier recovery processes), extensive Community.AI based intelligence that aggregates spend, data, and configurations across the Coupa community to provide customer-specific prescriptions, and more.1″
s.Oliver, an international fashion company and one of Europe’s leading brands, turned to Coupa Treasury as part of its digitization strategy.
“s.Oliver has become one of the fastest-growing fashion and lifestyle brands in Europe and we needed a TMS that could scale and grow with us. Coupa Treasury goes beyond basic cash, liquidity, bank, and risk management because it provides full visibility into spend data instantaneously. We’re able to move faster, with more agility, to improve liquidity and accelerate the results achieved of our treasury digital transformation,” said Florian Philipp, head of capital services at s.Oliver.
Coupa Treasury helps drive agility through greater transparency and control of financial data allowing users to:
- Improve liquidity: Optimize return on cash and reduce borrowing costs by gaining instant insights into your cash position and forecast.
- Mitigate risk: Safeguard liquidity with AI fraud controls and hedge financial risks, such as FX and interest volatility.
- Accelerate productivity: Drive efficiency and save time by automating cash management and settlement across multiple subsidiaries, currencies, accounts, and users.
