Coupa Named A Leader in Accounts Payable Invoice Automation Report by Independent Research Firm
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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.
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:
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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