Published by Nova Kopitar on September 1, 2010
Everyone has a skeleton or two in their closets. Me, I have a whole pile. Skeletons of shopping trips past, things I had good intentions of returning. But thanks to my inability to hold on to those impossibly small pieces of paper called receipts, they now sit, covered in dust on the closet floor until it’s garage sale or donation time. All that wasted money; all that wasted opportunity because I simply am unable to keep track of my receipts.
Which brings me to expense management. Lost receipts are only one of the myriad of challenges that plague corporate expense management. Paper forms, manual processing, untimely submissions and cumbersome audits all contribute to an expense management process that is inefficient and costly.
According to Aberdeen’s 2010 report “The State of Travel & Expense Management”, it costs the average organization $28.91 to process a single expense report. If you are a 100-person organization and each individual submits an expense report once a quarter, you are looking at $11,564 just process the reports. Imagine how costly this becomes as you grow to thousands of employees submitting reports!
Now compare those costs with that of a “best-in-class” organization, where on average it only costs $6.25 to process an expense report. That’s $22.66 less per statement than the industry average – or for our 100-person organization a savings of $9,064 per year.
So what separates the industry average from best-in-class? How are best-in-class organizations able to operation so efficiently that it costs them only a quarter of what it costs others to manage their expense process? Join Coupa and Christopher Dwyer, supply management expert and author of Aberdeen’s 2010 “The State of Travel and Expense Management”, on Thursday, September 16th, at 11:00am Pacific / 2:00pm Eastern and find out.
Register today to discover the strategic importance of expense management, the growing evolution of cloud technology, and the steps you can take to improve existing expense management programs and derive value from this once back-office function. Step 1, don’t lose your receipts!
Published by Jason Hekl on August 25, 2010
Software-as-a-Service Veterans Join to Further Accelerate Business Growth and Strategic Partnerships
SAN MATEO, Calif. – August 25, 2010 – Coupa Software, the leading provider of disruptive and innovative cloud spend management (CSM) solutions, today announced the appointments of Steven Sovik as Vice President of Sales, and Tony Dawson as Vice President of Alliances.
In his new role, Steve will be responsible for further growing the global sales organization and accelerating sales of Coupa Cloud Spend Management to organizations of all sizes. With more than 20 years of relevant experience at technology leaders Oracle, Siebel Systems, Andersen Consulting and SupportSoft, Steve brings expertise in rapidly building, leading, and scaling sales organizations at high-growth companies. Prior to joining Coupa, Steve was the VP of Sales for Oracle’s On Demand CRM business, which grew over 100% year during his tenure.
With the newly created VP Alliances role, Tony will be responsible for the development of strategic partnerships and identifying business opportunities for the company’s continued growth. With more than fifteen years of relevant industry experience working with technology leaders including SuccessFactors, Workplace Leaders, Instill and Netscape, Tony brings a wealth of expertise in business development and sales execution. Prior to joining Coupa, Tony had an impressive track record of growing sales as Senior Vice President of Sales at Workplace Answers. Previously, he was a VP of Alliances for SuccessFactors, where he led direct and channel sales organizations as well as oversaw several business units. Tony has also managed sales operations and business development at Instill Corp., served as Vice President of Channel Sales and Business Development at Brience, as well as Director of Worldwide Service Sales at Netscape Communications.
“It’s not often you find a company so committed to challenging the status quo with a better way of doing business,” added Steven Sovik. “With Coupa, companies everywhere can practice smarter spending, and immediately realize savings and greater efficiencies. I am excited to be a part of the Coupa Management Team.”
“Coupa’s platform is fundamentally changing the Spend Management category by helping companies more effectively control their spending in the cloud,” said Tony Dawson. “The Coupa solution is exceptionally easy to use, fast to deploy, cost effective, and consistently helps companies find smarter ways to spend.”
“Steve and Tony have a passion for disruptive technologies and will play key roles in helping Coupa achieve the leadership position in the emerging Cloud Spend Management category of business applications,” said Rob Bernshteyn, CEO of Coupa Software. “Their stellar track records driving new business and developing lasting partnerships position Coupa well for a period of continued explosive growth.”
About Coupa Software
Coupa is the leading provider of disruptive and innovative cloud spend management (CSM) solutions that help companies control their indirect spending and generate savings that go direct to the bottom line. Coupa combines the best e-procurement and expense management capabilities in a single solution that is easier to use, faster to configure and deploy, and more cost-effective than anything available today. With deep domain knowledge in e-procurement and expense management, a best-in-class cloud computing platform, a fast-growing community of customers, and industry-first innovations like real-time benchmarking, intelligent expense report auditing, and crowd sourcing great deals on the Web, Coupa is leading the way in helping companies spend smarter and save more. For more information please visit, http://www.coupa.com or call 650.931.3200.
Contact:
Melissa Biles
LaunchSquad
415-625-8555
coupa (a) launchsquad.com
Published by Ashish Deshpande on August 24, 2010
Crossbeam Systems®, Inc. offers a proven approach to deploying network security that meets the extreme performance, scalability and reliability demands of large enterprises, service providers and government agencies. Its adaptable software and hardware platform, the X-Series, provides an open architecture that integrates network processing with application processing to create a high-performance, fully virtualized security infrastructure.
Crossbeam implemented Coupa to streamline its procure-to-processes by integrating with its ERP system – Oracle !
Key Implementation Matrix
Hour Required: 11
Published by Nova Kopitar on August 20, 2010
It used to be when people whispered about the “double dip” at cocktail parties, the main concern was avoiding eating something that was now germ laden because someone had thoughtlessly taken a bite of their chip, bread stick, vegetable, etc. and dipped it back into the community dish. Today the whispers are directed at a totally different kind of double dip, one that has greater implications beyond sharing germs and getting a cold.
As fears of a double dip recession grow and the likelihood of it actually happening increases, whispers have turned into conversations about how will companies respond to yet another downturn. Will there be more layoffs? Will spending thaw or stay frozen? And for procurement and finance professionals, the question becomes how do I protect company profits in these trying times? How can I continue to cut costs and deliver savings? After all, you just had to make cuts and reduce resources to stay afloat during the first recession.
There is no easy answer. Economists will tell you to spend, spend, spend; only by aggressively pumping money into the system will the economy return to prosperity. Financial advisors will tell you to spend prudently, hold onto as much cash as possible in order to outlast the storm. The truth is, you need to do a little bit of both – spend in strategic areas that will put you in a leadership position when this whole mess is over. And you need to do it in a measured, controlled way.
I’ve talked to several CPOs and CFOs over the last few weeks, and for the majority managing spend isn’t about slashing budgets or cutting costs and resources – those really are last resort options. Executives know spend is necessary to run a successful business, but that spend needs to be visible and it needs to be controlled. Executives need to know how funds are being distributed and have the mechanisms to take real-time action to reign in spend. Now is the time to put these systems, controls, and measures in place. Re-evaluate your process, find areas for improvement, take action and get everyone committed to smarter spending and saving.
So no matter if we end up in the depths of a double dip recession or finally see the recovery we have all been promised, you will be poised for success – and still have interesting conversation for those cocktail parties.
————–
Learn more about how CFOs and CPOs are leveraging Coupa to achieve greater spend visibility and control:
Published by Noah Eisner on August 19, 2010
I’m putting this out there quickly even before it’s posted on our Jobs page. We’ve got 3 openings for key positions on our team. Here’s the lineup and all positions are San Mateo-based and include the goodies of salary, equity, health benefits, sweet Macbook Pro, snacks, nerf guns and more.
QA Lead
Someone that’s got experience or is ready to step up and be a QA Lead at a dynamic startup. Ideally has a great QA track record, including being hands-on in both manual testing and automation. The person will be responsible for defining all of our QA processes, building automation and managing our offshore QA resources. Objective is to ensure the highest quality of code continues to be delivered to our customers!
Rails Developer
We were one of the first (if not the first) enterprise apps companies to choose Ruby on Rails back in early ‘06. We love it and we’re looking for our next rockstar to drive the innovation and simplicity that has made Coupa successful. Ideal candidate loves working with the latest technologies, has a strong CS background, probably contributed to some open source projects, etc. You’ll be challenged for sure, and you’ll be a key contributor to our future.
iPhone Developer
We’ve got some great plans in mobile and looking for an iPhone developer to join us. You have experience developing beautiful mobile apps and ready for your next challenge. And you’ll probably get to do some Android work too. It’s going to be lots of fun!
Contact us via noah @ OR jobs@coupa.com.
