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Coupa Delivers over $1 Billion in Billings; Unlocks $175 Billion in Bottom-Line Impact for Global Customers

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7 months ago

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Coupa continues to innovate to help customers work smarter and faster

SAN MATEO, Calif., Feb. 15, 2024 /PRNewswire/ — Coupa, the leading AI-driven platform that helps you operate smarter and grow faster, today announced it delivered over $1 billion in billings for the fiscal year ended January 31, 2024. The Coupa platform manages more than $5 trillion in overall business spend. The company has helped global businesses achieve more than $175 billion in savings and working capital improvements over the past decade.

“Businesses today are looking for trusted digital transformation partners that deliver tangible value. Our recent recognition by Gartner as a Leader in its first-ever Magic Quadrant for Source-to-Pay Suites is a testament to the business value and operational confidence that Coupa’s AI-driven platform delivers,” said Leagh Turner, Coupa CEO.

“In 2023 alone, we helped our customer community unlock more than $30 billion in bottom-line savings. That’s real value that gets reinvested in innovation, customer service, and profitability. And it wouldn’t be possible without the greatest competitive edge that’s driving this company forward – our agile, passionate, and committed global team,” Turner said.

Business highlights for the fiscal year:

300+ companies joined Coupa’s global community of 3,000+ customers. New customers include: Albemarle Corporation, Allwyn, Great Dane, Idahoan Foods, Mobico Group, Patterson-UTI, Penguin Random House, and The Scion Group.
 200+ customer speakers are confirmed to speak at Coupa’s flagship global community event, Inspire – happening in Las Vegas on April 22-24 and in Vienna on June 4-6. Attendees access exclusive insights across more than 150 breakout sessions and in-depth training and learning opportunities to drive maximum ROI from their Coupa investments. Customers sharing their transformation stories include Airbus Helicopters, Asana, Barclays, BMO, Cisco, Danone, DHL, DigitalOcean, Intuit, The Kraft Heinz Company, Mastercard, Microsoft, Nordstrom, Royal Caribbean Group, SailPoint, Schneider Electric, SoFi, and Uber.
 Hundreds of new innovations launched, with a focus on AI and Gen AI. Surpassed 150+ issued and pending patents. Coupa continued to bolster its AI innovations to help businesses drive efficiencies at scale, mitigate risk, and improve profit margins.

For example, Coupa’s AI:

Protects customers from overpaying for goods and services across frequently purchased items, ocean freight, and full truckload biddingIdentifies suspicious, potentially fraudulent transactions in real time, stopping them before they damage bottom lines

New Gen AI co-pilot features in development will make Coupa even easier to use, with smarter self-guided experiences, contract writing assistance, and recommendations to reduce supply chain risk.

25+ leading industry analyst report positions, 15+ G2 leader badges and positions, and 250+ 5-star G2 reviews. Coupa’s AI-driven platform continues to be recognized for automating and connecting purchasing, sourcing, supply chain, and financial management for a unified view of real-time insights for easier decision making.

Earlier this month, Coupa was chosen as a Leader in the inaugural Gartner Magic Quadrant for Source-to-Pay Suites. Coupa’s position validates the company’s ability to execute for customers, as well as the platform’s completeness of vision.

Coupa was named first on Procurement Magazine’s Top 10 Generative AI Platforms. Procurement Magazine evaluated platforms that leverage AI techniques to generate, analyze, and optimize procurement-related data, leading to more efficient and effective procurement strategies, with Coupa receiving the top recognition.

Welcomed and promoted seasoned leaders to Coupa’s leadership team. Coupa named Leagh Turner as CEO, and announced major additions and promotions across its management team, including:Alicia Allen joined as Chief Accounting and Financial Operations OfficerAmy Sweeney joined as Chief Information OfficerArjun Ramaratnam promoted to Chief Development OfficerCraig Newfield joined as Chief Legal OfficerDonna Wilczek promoted to Executive Vice President, Strategy and InnovationFang Chang promoted to Chief Product OfficerKevin Burns joined as Chief Finance OfficerKevin Iaquinto joined as Chief Marketing OfficerMike Schanker promoted to Executive Vice President, Strategic InsightsPaul Maguire promoted to Managing Director, EMEA & APACRich Slipec promoted to Managing Director, AmericasSameer Areef joined as Chief Transformation OfficerSusan Tohyama joined as Chief Human Resources Officer

About Coupa
Coupa makes companies operate smarter and grow faster. Our leading AI-driven platform connects and optimizes sourcing, purchasing, supply chains, and financial management. More than 3,000 global organizations large and small trust Coupa to transform operating margins, increase efficiencies and growth, optimize cash, and reduce risk. Learn more at coupa.com and follow us on LinkedIn and X (Twitter).

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SOURCE Coupa Software

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Compete for $150K Prizes: Join Spatial Joy 2024 The Global AR Application Development Championship

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57 mins ago

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September 21, 2024

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HANGZHOU, China, Sept. 21, 2024 /PRNewswire/ — Spatial Joy 2024 The Global AR Application Development Championship is now open for registration! Organized by Rokid, a global leader in human-computer interaction through augmented reality, this championship invites AR developers globally to harness voice, gesture, and visual AI technologies to create groundbreaking AR experiences. Powered by the self-developed YodaOS-Master operating system, Rokid AR glasses deliver exceptional spatial computing performance.

What is Spatial Joy 2024 about？
In September 2022, Rokid kicked off its first AR Application Development Championship. The second championship, held last year in collaboration with Unity and Agora, quickly established itself as the largest AR application development event in China. As Rokid celebrates its 10th anniversary this year, we are excited to present “Spatial Joy,” our newly branded global championship, open to developers worldwide for the first time, and positioned as the flagship event in the AR industry.

Why join Spatial Joy 2024?

Compete for a $150,000 prize poolFree access to Rokid AR Lite or Rokid AR studioDiscounted rates on purchasing Rokid productsFree participationTechnical support from Unity and AgoraInternational exposure within the AR industryOpportunity to attend the award ceremony in China

Who can participant?
The championship is open to global AR developers of all levels, including students, independent developers, teams, and professionals across sectors such as healthcare, retail, education, gaming, entertainment, lifestyle, and more.

How to register?
Detailed registration guidelines and requirements are available online at [https://t.rokid.com/iwvwcxkn]. Developers can register and submit their projects through Rokid official website at [www.global.rokid.com].

Spatial Joy 2024 Timeline:

Registration Deadline: October 16, 2024Final Project Submission Deadline: November 15, 2024Finalists Announcement: December 27, 2024Award Ceremony: January 11, 2025

About Organizer
Rokid has expanded its global presence, making notable progress in key markets across North America, Europe, and Asia, including a successful campaign on Kickstarter. With a decade of expertise, Rokid has revolutionized AR technology, transforming how users interact with both digital and physical environments.

Join us in shaping the future of AR with Rokid – enter Spatial Joy 2024 The Global AR Application Development Championship Now!

View original content to download multimedia:https://www.prnewswire.com/news-releases/compete-for-150k-prizes-join-spatial-joy-2024-the-global-ar-application-development-championship-302254807.html

SOURCE Rokid

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Summit of Whose Future? Girls Have the Answers: Leaders Must Listen

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3 hours ago

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September 21, 2024

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Young Women Activists Launch “What Girls Want,” Demand World Leaders Put Girls at the Center of Summit of the Future 

NEW YORK, Sept. 21, 2024 /PRNewswire/ — Today in New York, more than 50 young women from around the world – including Nobel Prize Laureate Malala Yousafzai – gathered to take government to task for failing to prioritize girls and young women in the upcoming Summit of the Future. The group is backed by acoalition of girl-centered non-profit organizations, institutions, and funds who synthesized the demands of girls at www.whatgirlswant.com.

At a demonstration near the UN, alongside life-size cutouts of world leaders dressed ironically as “girl experts”, the activists delivered a strong message: world leaders aren’t the experts on what girls want for their futures – girls are. 

Eylül Erçin, 19, from Türkiye, shared: “The time has passed for girls and young women to be treated as mere afterthoughts. Leaders must include us in the foundational design of these processes, ensuring that our priorities are integrated into shaping the future we will inherit. Anything less is unacceptable.”

Today’s event is about more than calling out a process failure. Girls i from around the world delivered a forward-looking call to action this week. They expect governments, institutions, and community leaders to step up and help shape a more equitable future.

Alongside fellow activists, Malala said: “Even at 27, I know better than to assume I understand best what girls want. Everywhere I go, girls are eager to share their vision for their futures. As adults, it is our job to listen, fund their work and follow their lead. It is not too late for world leaders to do right by girls. They can start by prioritizing their demands in tomorrow’s final Summit deliberations and by investing resources to match their words.”

The evidence is clear: investing in girls and delivering on their rights transforms economies, societies, and the environment, advancing the SDGs and building a future that girls deserve.

About What Girls Want 

This effort was produced by a collaboration of girl-centered organizations, institutions, funders, and allies. The campaign is anchored around work to collate insights, data, and stories from 20+ public consultations with girls and young women over the past decade, driven by a shared desire to center girls’ demands in spaces where they are being ignored. 

Contact:

whatgirlswantpress@gmail.com

nate.powers@edelman.com

Logo – https://mma.prnewswire.com/media/2384993/Women_Deliver_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/summit-of-whose-future-girls-have-the-answers-leaders-must-listen-302254570.html

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48-Hour Saudi Visa Processing, Major Discounts and Unmissable Giveaways – Only at ‘Spectacular Saudi’ in Mumbai

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5 hours ago

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September 21, 2024

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NEW DELHI, Sept. 21, 2024 /PRNewswire/ — Saudi’s national tourism brand, ‘Saudi Welcome to Arabia’ is hosting its first-ever immersive consumer event ‘Spectacular Saudi’, from September 25 to October 2,  from 2:00 p.m. – 10:30 p.m. at R2 Ground in BKC, Mumbai.

Slated to transport visitors straight to the Heart of Arabia; the 8-day immersive experience will give visitors a glimpse into Saudi’s many wonders and iconic experiences – all while extending the warm Saudi welcome. To give consumers a truly memorable experience Saudi is offering exclusive giveaways and discounts specially curated for Indian travellers.

What’s more, Indian travellers can fast-track their Saudi visas exclusively at the event. All you need is a valid Visa or Mastercard credit card! Head on over to one of eight dedicated Tasheer kiosks, ensure the name on the credit card matches the passport, and have sufficient funds available on the card. After that, sit back and relax as your visa will be in hand within 48 hours!

It has never been easier to visit Saudi. With the most seamless visa process offered to date, the excitement doesn’t end there. On the travel front, SAUDIA Airlines is offering special deals, including a buy one get 50% off on the second ticket if travelling business class. Additionally, all economy class tickets will be 15% off. Attendees will also have the chance to participate in daily giveaways for free flight tickets for two to Saudi. With over 50+ travel trade offers, visitors can access incredible cashback and discounts on Saudi travel packages. Additionally, those booking Saudi packages will enjoy complimentary cultural city tours. Group tour packages to Riyadh, Jeddah, and Dammam will be available exclusively at the event, starting at INR 99,999 for 5 nights.

Visitors can expect unique immersive experiences–including exhibits, culinary delights, Ardah dancers, Saudi coffee, traditional scents, and fashion–all under one roof. So don’t miss out and register here to experience a piece of Saudi, right in the heart of Mumbai.

Photo – https://mma.prnewswire.com/media/2511104/Spectacular_Saudi.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/48-hour-saudi-visa-processing-major-discounts-and-unmissable-giveaways–only-at-spectacular-saudi-in-mumbai-302254776.html

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