FOSTER
CITY, Calif., July 25,
2024 /PRNewswire/ -- In its evaluation of accounts
payable invoice automation, Forrester Research named Coupa, the
margin multiplier company™, a Leader in The Forrester Wave™:
Accounts Payable Invoice Automation, Q3 2024.
The new report evaluated solutions from seven software providers
across 31 criteria. Coupa received the highest scores possible
across 20 different criteria – including partner ecosystem,
fraud and risk management, and cash forecasting.
"AP automation is a cornerstone for CFOs and finance teams to
achieve operational excellence. One in three finance leaders are
increasing investments in AP automation to become more efficient
and increase team productivity," said Fang Chang, Chief Product
Officer at Coupa. "In a crowded AP technology market, Coupa's
solution stands out above the rest for our flexibility,
scalability, and full payment lifecycle visibility, traceability,
and process efficiency. Coupa's AI-driven AP automation solution
strategically enhances financial agility and decision-making. We
accelerate financial close, eliminate manual tasks like paper and
spreadsheets, detect and prevent fraud, ensure
compliance, and streamline payments – all of which help increase
margins and create durable, sustainable growth."
Before Coupa, GameStop dealt with mostly manual processes and
lacked automation, preventing them from reaching growth targets and
implementing more strategic projects and scale. Using Coupa, they
now control a complex invoice ecosystem faster with fewer resources
and leverage AI prescriptive recommendations to boost operational
efficiency with one intuitive platform.
"I now have a seat at the table with our treasurer and CFO on
how we manage cash because now I have the visibility to see
potential spend over the next three to six months," said
Nathanael Pearson, VP, Global
Accounting Shared Services & Global Process Owner Source to
Pay, GameStop.
With Coupa, GameStop streamlined routine tasks, allowing its
workforce to focus on strategic work and be more efficient,
ultimately reducing headcount in AP by 20% and allowing the team to
do more with less.
Key capabilities of Coupa's AI-driven AP automation solution
include:
- E-Invoicing: Replace paper invoices, go touchless, and
capitalize on early payment discounts to maximize working capital
and compliance.
- Automated Payments: Manage all payments easily across
all payment rails in one place, enabling automatic reconciliations
and unlocking working capital.
- Fraud Detection: Increase control and
reduce risk with AI-driven fraud detection, reducing
or even replacing dependence on auditing services.
- Expense Management: Monitor and manage expenses with
clear visibility and control of all organization spend. See where
expenses occur, slash rogue employee spend, and build user-friendly
processes.
For a complimentary copy of the report, click here.
Additional Information
- Read the report blog
- Watch the demo about transforming your AP automation
- Compare your performance in the 2024 Total Spend
Management Benchmark Report
- Download the AP automation and payments guide for
resilience, growth, and compliance
About Coupa
Coupa makes margins multiply through its
community-generated AI and industry leading total spend management
platform for businesses large and small. Coupa AI is informed by
trillions of dollars of direct and indirect spend data across a
global network of 10M+ buyers and suppliers. We empower you with
the ability to predict, prescribe, and automate smarter, more
profitable business decisions to improve operating margins. Coupa
is the margin multiplier company™. Learn more at coupa.com and
follow us on LinkedIn and X (Twitter).
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SOURCE Coupa Software