Coupa, announced over 100 new features to help businesses increase operational efficiency and supplier collaboration and engagement, while streamlining processes and improving visibility and control across all business spend.
"Every product release brings us closer to Coupa's vision of a fully autonomous spend management future. Agentic AI will play a central role in making our collaborative global trade network grow. The innovations in our latest release sharpen our direct spend capabilities for customers, improving how both buyers and suppliers connect and collaborate, transact, and grow their business," said Salvatore Lombardo, Chief Product and Technology Officer at Coupa. "We have also launched new innovations to our Supply Chain Design & Planning solution that help customers analyze scenarios and make faster, more favorable decisions that align with their business goals."
Increasing Supplier Engagement and Operational Efficiency
With increasing complexities and constraints on businesses, Coupa continues to foster richer collaboration between buyers and suppliers, to streamline operations and reduce risk. New advancements include:
- Supply Chain Collaboration: Accelerate response rates and reduce offline confirmations with support for partial confirmations. Additional enhancements improve buyer productivity and flexibility with new integrated task management capabilities.
- Services Maestro: Give suppliers more control, increasing engagement and operational efficiency for services spend, with new self-service capabilities. Improve visibility and compliance with a transformed service sheet experience and enhanced data input capabilities.
Leveraging Agentic AI to Improve Decision-Making
By leveraging AI and automation throughout Coupa's Total Spend Management platform we're helping organizations be smarter, faster, and more agile. New enhancements and capabilities include:
- Contract Intelligence: Improve contract language analysis and process more contracts with standard and custom field extraction with AI advancements. Gain control and accuracy with configurable rules to meet business needs.
- Rapid Network Explorer: Accelerate generation and analysis of supply chain scenarios to help users prioritize meaningful changes by swiftly eliminating low-impact scenarios, streamlining decision making, and providing a significant improvement in scenario run time for modelers to drive fast decision making. Now generally available to all Supply Chain Design & Planning customers.
Early customers using Rapid Network Explorer have seen significant improvements in solve time, going from hours down to minutes.
"Agility is key for us to work together with our suppliers. Coupa fits in here perfectly for us. They support this agile workflow that we need. They are very slick, flexible in all the requirements that we have, and really help us if we have a challenge. Invoicing and the purchase to pay process at 99%," said Thomas Brill, Procurement Director at ESL Gaming.
Starting in February, Contract Intelligence enhancements will be available to all Contract Management Lifecycle customers, while PO Collaboration enhancements will be available to all Supply Chain Collaboration customers.
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