Coupa launched new innovations that improve the buying experience and collaboration across the supply chain. Coupa helps businesses make more informed buying, sourcing, supply chain, and financial decisions to drive growth and better match supply and demand. New innovations help businesses: Increase Payments Automation: New AP automation features extract invoice data from scanned documents, instantly digitizing the invoice.

New AI features also automatically assign tax code rules to invoices, further reducing the need for manual entry and shortening cycle and approval times. Optimize Workflow Processes: New purchase, supplier, contract, and sourcing event requests can be auto-assigned to users based on customized settings for each business. Teams have improved visibility and control over their approval queue, improving time management and freeing bandwidth to tackle more strategic projects.

Create More Profitable Buying Experiences: New Coupa App Marketplace integrations with Tonkean and Tropic take the friction out of the buying experience for employees. With intelligent intake orchestration, buying is intuitive. Employees are guided to make smarter decisions that can accelerate more profitable outcomes for the business.

Coupa has also launched the Early Access Program for Forecast Collaboration ? part of its Supply Chain Collaboration suite ? which streamlines communication between buyers and suppliers to better match supply and demand.

Forecast Collaboration enables buyers to proactively plan future material needs to mitigate risks and ensure continuous supply. Forecast Collaboration will be made generally available with our May 2024 release.