Coupa Raises $40M For Cloud Procurement Software, Takes On SAP
http://blogs.wsj.com/venturecapital/2014/03/20/coupa-raises-40m-for-cloud-procurement-software-takes-on-sap
- Coupa, Inc. offers cloud-based enterprise procurement technology to companies, which provides many advantages. What are some of the advantages of implementing enterprise procurement applications as a part of an organization’s business processes?
- Venture Capitalists are falling over themselves to invest huge sums of money in Coupa, Inc., and it has been steadily beating SAP AG (a major competitor) in the corporate procurement market. What do you think are the main reasons for Coupa’s high level of success? Is there one characteristic of Coupa’s product that distinctly sets it apart from other enterprise procurement applications?
- Is there a downside to enterprise procurement technology? If so, can anything be done to mitigate those disadvantages?