Coupa Leverages Community Intelligence To Power AI [Forbes]
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Source: Forbes
In November of the following year, Leagh Turner became the new chief executive officer of Coupa. Coupa is a supplier of spend management solutions. New CEOs are brought in to drive change. Coupa grew quickly for years, but Thomas Bravo sought more profitable growth. The goal is for the company to go from $1 billion in annual recurring revenue today to an ARR of $2 billion in the next three years, but to do so in a more profitable manner. “Scale drives profitability,” Turner told a group of industry analysts on April 22 nd , the day before the Coupa Inspire user conference began. She knew the company was innovative; after all, Coupa created a new software enterprise category: business spend management. Coupa's BSM platform is based on a public cloud that connects 3500 buyers to ~10 million suppliers. This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. But
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