Coupa Software, a specialist in Business Spend Management, has announced new product innovations designed to help organizations maximize business and ESG impact through their spend.

“Companies have the power to drive sustainable impact with how they spend their money, such as choosing to buy from diverse suppliers or designing a transportation network that reduces carbon footprint,” said Donna Wilczek, senior vice president of Product Strategy & Innovation at Coupa. “Coupa's BSM platform enables spend leaders to act in real time to achieve ESG and business impact, without sacrificing financial performance. We help turn good intentions into actions that have a measurable impact.”

With the launch, organizations  includes diversity and sustainable identifiers in search results can use visual tags on supplier records and item cards to identify if the supplier or product is from a diverse or sustainable business. Customers can also filter search results to only show suppliers or items from diverse or sustainable businesses. Furthermore, companies can set opportunity triggers to help identify diverse suppliers when creating new requisitions.

Organizations will also be able to collect supplier diversity data and certifications directly in the Supplier Information Management (SIM) tool via a comprehensive form. There is also a guided path for new suppliers to onboard onto Coupa’s BSM platform to get easily discovered, while diversity status insights within supplier records make it easier to find a diverse supplier.

In addition, the dashboard shows organizations the portion of their spend that comes from diverse-owned suppliers. Coupa also pre-calculates the environmental impact of e-invoicing and e-purchasing, including the amount of trees, water, oil, and carbon emissions saved. 

About Coupa Software

Coupa empowers companies around the world with the visibility and control they need to spend smarter and safer.