Thursday 1st September, 2022
Coupa Software has announced Coupa Treasury innovations designed to help companies improve liquidity during uncertain economic times.
Hundreds of global companies are using Coupa to get visibility and control over financial data to improve cash forecasting, including About You, Puma, CBRE, Velcro, and more.
Tamir Shafer has been appointed to lead Coupa Treasury sales growth and global go-to-market expansion. Shafer has 20+ years’ experience in the treasury space, having written the TMS specifications for Goldman Sachs’ home-built treasury management system. He has been with Coupa since 2018.
“Coupa’s Business Spend Management platform goes beyond average TMS solutions by providing a holistic, unified, and real-time view of all spend. Because our technology spans across all spend activity happening in the back office, we can unlock visibility into transactions that a treasurer previously would not know about, sometimes into upwards of millions of dollars,” said Tamir Shafer, Coupa Treasury global vice president. “Whether companies need to quickly dial down spend when disruption hits, fund growth to scale the business, or incentivise ethical supplier behaviour, treasury teams require full visibility into transactions across all back-office functions in order to accurately forecast cash.”
“At About You, the treasury management system Coupa Treasury has been providing more automation and transparency in our cash and payment management for years,” says Ahmet Yildiz, Director Finance at About You, one of the largest fashion and lifestyle platforms in Europe. “The expected synergies made it easier for us to decide to use Coupa’s Business Spend Management platform for our e-procurement in the future. This will be another important building block for optimising our processes regarding a standardized purchasing process and the continued improvement of our cost structure.”
Upcoming on Coupa’s product innovation roadmap for Treasury is advanced integrations between payments and procurement processes, as well as helping companies improve profitability through Community.AI - data-driven AI insights from trillions of dollars of anonymised cumulative global spend data.