Coupa.com - The Next Level in e-Procurement

Coupa specializes in e-procurement software. It caters to small and mid-sized businesses and has been successful enough to have recently raised $6 million in venture capitalist funding. Coupa has revolutionized the e-procurement model. Its Coupa On Demand software-as-a-service model is web based so no downloads or installations are required. Coupa has an Amazon-like interface where employees can find and order products, rate suppliers and share their experience with others. It cuts costs, is quick and affordable, and allows for easy inventory and invoicing. The entire purchasing process is automated using Web 2.0 technologies.

“Coupa On Demand combines best-in-class purchasing control and management into a product so simple that employees actually prefer using it for their business purchasing needs. Coupa purchasing software spans the entire procurement lifecycle, from employee requisitions for goods or services, through approval workflow, catalog and contract pricing, purchase order automation, receipt, inventory, and delivery. Coupa merges the most advanced e-procurement functionality with the latest in intuitive and collaborative design”

Coupa provides an innovative solution to e-procurement. This is important as businesses are increasingly use the internet as a business tool. Coupa On Demand’s technologies are completely automated for ease of use and efficiency.

Will businesses be willing to pay the steep price for the unlimited software? Even the basic service is not cheap and only provides a few services. Is this the e-procurement model of the future?