Coupa unveils over 100 new features to help businesses increase operational efficiency and supplier collaboration and engagement, while streamlining processes and improving visibility and control across all business spend.
"Every product release brings us closer to Coupa's vision of a fully autonomous spend management future. Agentic AI will play a central role in making our collaborative global trade network grow. The innovations in our latest release sharpen our direct spend capabilities for customers, improving how both buyers and suppliers connect and collaborate, transact, and grow their business," says Salvatore Lombardo, chief product and technology officer at Coupa. "We have also launched new innovations to our Supply Chain Design & Planning solution that help customers analyze scenarios and make faster, more favorable decisions that align with their business goals."
Key Takeaways:
- With increasing complexities and constraints on businesses, Coupa continues to foster richer collaboration between buyers and suppliers, to streamline operations and reduce risk. New advancements include:
- Supply Chain Collaboration: Accelerate response rates and reduce offline confirmations with support for partial confirmations. Additional enhancements improve buyer productivity and flexibility with new integrated task management capabilities.
- Services Maestro: Give suppliers more control, increasing engagement and operational efficiency for services spend, with new self-service capabilities. Improve visibility and compliance with a transformed service sheet experience and enhanced data input capabilities.
- Contract Intelligence: Improve contract language analysis and process more contracts with standard and custom field extraction with AI advancements. Gain control and accuracy with configurable rules to meet business needs.
- Rapid Network Explorer: Accelerate generation and analysis of supply chain scenarios to help users prioritize meaningful changes by swiftly eliminating low-impact scenarios, streamlining decision making and providing a significant improvement in scenario run time for modelers to drive fast decision making. Now generally available to all Supply Chain Design & Planning customers.
