Coupa Unveils New Product Innovations Enabling Sustainable Business Impact
"Companies have the power to drive sustainable impact with how they spend their money, such as choosing to buy from diverse suppliers or designing a transportation network that reduces carbon footprint," said
Key benefits and new capabilities include:
- Spend with Diverse and Sustainable Suppliers:
- Diversity and Sustainable Identifiers in Search Results & Filtering: Organizations can use visual tags on supplier records and item cards to identify if the supplier or product is from a diverse or sustainable business. Customers can also filter search results to only show suppliers or items from diverse or sustainable businesses.
- Custom Alerts: Companies can set opportunity triggers to help identify diverse suppliers when creating new requisitions.
- Best-in-Class Supplier Diversity Data:
- Diversity Data Collection: Collect supplier diversity data and certifications directly in the Supplier Information Management (SIM) tool via a comprehensive, easy-to-use form.
- Supplier Onboarding: A clear and guided path for new suppliers to onboard onto Coupa's BSM platform to get easily discovered, helping drive further lead generation for their businesses.
- Supplier Diversity In/Out API: New diversity status insights within supplier records make it easier to find a diverse supplier.
- Supplier Diversity and Enrichment Analytics: New Coupa Analytics capabilities help business leaders measure success directly against their goals.
- Visibility into ESG Impact and Benchmarking:
- Diversity Dashboard: This dashboard shows organizations the portion of their spend that comes from diverse-owned suppliers.
- Sustainability Insights: Coupa pre-calculates the environmental impact of e-invoicing and e-purchasing, including the amount of trees, water, oil, and carbon emissions saved.
To learn more about Sustainable Business Spend Management (BSM), visit coupa.com/SustainableBSM.
Coupa empowers companies around the world with the visibility and control they need to spend smarter and safer. To learn more about how Coupa can help you spend smarter, visit http://www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
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Stefanie Gordish, email@example.com, 415-590-9722