by Angela Guess

A new press release reports, “Coupa Software, a leader in cloud-based spend management, today announced Coupa Release 17 (R17), its first major cloud platform update of the year. R17 gives customers comprehensive data-driven insights to help them accelerate decision-making and improve business results. The insights leverage the data network effects of the Coupa platform’s B2B spend under management to help customers gain more value and spend smarter. ‘Customers seek big data solutions that deliver B2B insights and benchmarks to drive business decisions,’ said R ‘Ray’ Wang, principal analyst, founder and chairman of Constellation Research, Inc. ‘Only forward thinking providers with clear data acquisition strategies and large data warehouses are able to deliver these types of powerful data network effects. Cloud providers have an advantage over on-premises solutions in innovation and flexibility’.”

The announcement continues, “The release also expands global regulatory compliance, enhances supplier collaboration, and adds new capabilities across the entire Coupa platform from travel and expense management to sourcing, e-invoicing, inventory, and more. ‘We value Coupa’s focus on continued rapid innovation. This in turn enables us to effect ongoing improvements in our procure-to-pay and spend management processes,’ said James Bargerbos, Coupa Administrator at Ausdrill Limited. ‘We have been involved in the Coupa Community and advisory boards and we are pleased to see our feedback incorporated in Release 17.’ As with every Coupa platform update, R17 was designed with a collaborative and innovative approach that involved customer ideas and feedback through the active Coupa Community and Coupa Advisory Boards. The R17 platform update became available just four months after Coupa’s R16 release in September 2016.”

Read more at Globe Newswire.

Photo credit: Coupa Software