Coupa released new capabilities designed to help finance, procurement, and supply chain leaders address today’s most pressing market challenges with agentic AI. These updates, which include more than 100 platform enhancements, are focused on bringing greater automation and intelligence to the user experience across the entire spend management lifecycle.
“Companies are facing increased pressure to grow revenue while simultaneously boosting profitability in the face of ongoing supply chain and market volatility,” says Salvatore Lombardo, chief product and technology officer at Coupa. “This release helps tackle those challenges head-on by rearchitecting procurement practices with AI. By helping buyers and suppliers navigate growing complexities with a seamless and transparent ecosystem, we’re providing a clear path to streamline operations, enhance decision-making, and unlock tangible ROI.”
Key takeaways:
· New innovations highlight the shift from traditional spend management to a more intelligent, autonomous future powered by AI. Collectively, these new capabilities and features will help procurement, finance, and supply chain leaders embrace AI throughout the total spend management process, enhance collaboration, and increase productivity.
· Key updates include a more consistent, intuitive, and accessible user experience across the entire platform, with Coupa Clarity 2.0, which creates the design language that will power the AI evolution. The upgraded Clarity 2.0 user experience also provides quicker access to insights and effortless actions with Coupa Navi.
· Navi AI agents are designed to elevate how users interact with Coupa’s total spend management platform. By automating tedious tasks and guiding users through key workflows, Coupa is making it easier for every user to accomplish tasks faster and make smarter decisions.
· Make faster, data-driven decisions and create custom reports 100% faster, with a more robust Analytics Agent that provides richer visualizations and a more interactive way of exploring procurement data.
- Compare bids and evaluate supplier responses more easily with the new Bid Evaluation Agent.
- Simplify the creation of service requests with the new Request Creation Agent, which converts unstructured attachments on a contract into actionable requisitions.
- Accelerate onboarding and complex sourcing events with the Knowledge Agent, now seamlessly integrated into Coupa Sourcing Optimization (CSO).
- Better manage contact information and Coupa Supplier Portal (CSP) accounts while effectively managing presence in the Coupa community with improved supplier profile management and visibility.
- Eliminate manual entry and duplicate work with Coupa InvoiceSmash, which allows suppliers to efficiently submit invoices to the CSP directly from their system of record.
- Drive smarter decisions around liquidity and working capital with a new supplier payments hub that includes a detailed dashboard and provides complete cash flow insights.
- New inventory and PO collaboration features ensure better alignment between buyers and suppliers by going beyond basic transaction management to enable more strategic and integrated supply chain partnerships. Gain precise control over deliveries and enable collaboration on long-term purchase orders with Buyer Generated Delivery Scheduling. Ensure optimal stock management and promote stronger supplier collaboration with Supplier Managed Inventory. And, improve traceability and visibility into the consumption of consigned inventory with new features for both suppliers and customers. ᐧ
