Coupa Announces Online Budget Management For Uncertain Economic Times

Business Wire, Oct 1, 2008

Web-Based Purchasing System Enables Organizations to Control Spending and Enforce Budgets

SAN MATEO, Calif. -- Coupa Incorporated, the leading provider of purchasing software for small and mid-sized businesses, today announced the general availability of online budget management through its Coupa.com web-based purchasing system. The new capabilities reflect a growing need for organizations to cut costs and rein in spending. They allow organizations to efficiently track spending in real-time while enforcing a pre-approval process - eliminating nasty spending surprises. New capabilities include:

Budget Loading and Updating via an Excel[TM] spreadsheet to map actual spend against budgeted expenditures.

Flexible Budget Periods which can operate monthly, quarterly, or yearly.

Real-Time Compliance Alerts to immediately detect spending requests that exceed budget allowances.

Budget Ledger to continually monitor purchases that have affected the budget for a particular period. The budget ledger also will list the type of transaction affecting the budget such as new PO creation, non-PO invoice creation, PO adjustment, PO cancellation, etc.

"Tracking budgets used to be a once-a-month, only-for-accountants, hindsight exercise," said Noah Eisner, vice president of product development and co-founder, Coupa.com. "Our online budget management features, developed in collaboration with small and mid-sized organizations, makes tracking budgets and controlling costs easy, real-time, and relevant."

Coupa.com is web-based purchasing system that helps businesses control costs and increase purchasing efficiencies by providing a one-stop shopping center where employees can conveniently find approved products, place orders and launch the approval cycle. Best of all, Coupa.com only requires a web browser to use, meaning there is no IT project to get up-and-running, and absolutely no software to install.

Availability

The Coupa.com web-based purchasing system is available now. For more information on subscription packages and pricing, visit http://www.coupa.com/e-procurement-software-features-and-pricing/

About Coupa Incorporated

Coupa Incorporated offers the industry-leading Coupa.com web-based purchasing system. Founded in 2006 by enterprise software veterans with decades of experience in electronic purchasing systems, Coupa stands apart as the only company dedicated to bringing the power of effective procurement to every organization. For more information please visit, http://www.coupa.com or call 650.585.6306.