BELLEVUE, Wash., Oct. 25, 2018 /PRNewswire/ -- Apptio, Inc.
(NASDAQ: APTI), the business management system of record for hybrid
IT, today announced it has partnered with Coupa Software, through
the CoupaLink program, to ensure that companies have complete
enterprise-wide visibility into technology spending, whether
managed through central IT organization or hidden technology
spend being driven by the business units. With this deep
visibility, organizations can eliminate redundancies and waste,
centralize technology spend management and ensure every dollar
spent aligns to business value.
"Leading analyst firm IDC estimates that by 2019, technology
spending outside of central IT will eclipse that of central IT. At
most companies, this represents up to hundreds of millions in
untracked and unaccounted spend," said Theo
Beack, EVP of Products and Engineering at Apptio. "Many CIOs
don't have full visibility to how much is truly being spent within
their organization. This partnership is essential to providing
CIOs, CFOs and CPOs with the transparency and control they need to
truly maximize the value of every dollar spent on technology."
"Currently, billions of business spending is managed by Coupa.
When paired with the technology spending managed by Apptio, our
customers can truly have the organization-wide transparency needed
to make informed decisions about future investments," said Coupa
SVP of Alliances, Roger Goulart.
"Together, we're able to unlock greater visibility and control of
spend across an entire organization so our customers can spend
smarter."
Here's how it works: Apptio will integrate through CoupaLink to
tie its industry-standard IT cost model (ATUM®) into the Coupa
Business Spend Management (BSM) Platform and provide a framework to
better categorize and assign technology spend. When new purchase
orders are entered into Coupa, they can automatically be
categorized against Apptio's IT costing taxonomy (ATUM). These
details, in turn, will enrich Apptio's analytics for
organization-wide technology spend visibility. Further, this
partnership can speed up time to value for customers to adopt
Apptio's solution.
About Apptio
Apptio (NASDAQ: APTI) is the business
management system of record for hybrid IT. We transform the way IT
runs its business and makes decisions. With our cloud-based
applications, IT leaders manage, plan and optimize their technology
investments across on-premises and cloud. With Apptio, IT leaders
become strategic partners to the business by demonstrating value of
IT investments, accelerate innovation and shift their technology
investments from running the business to digital innovation.
Hundreds of customers choose Apptio as their business system of
record for hybrid IT. For more information, please visit
www.Apptio.com
Apptio Media Contact:
Sarah
Vreugdenhil
(425) 974-1331
pr@apptio.com
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SOURCE Apptio