Coupa and MIT Data Science Lab Collaborate to Launch the Business Spend Index (BSI) Report, Providing AI-Driven, Predictive Insights on the Future of Business Spend
Summary
Coupa and MIT Data Science Lab launched the Business Spend Index report to forecast business spending with AI and transaction data. The index uses a $10 trillion dataset and aims to give procurement and supply chain leaders earlier visibility into spend shifts than traditional economic indicators. Coupa says the report can predict spending direction up to 90 days ahead and already flagged changes in manufacturing before some standard surveys did. The launch positions Coupa as both a spend management platform and a source of predictive market intelligence for enterprise buyers.
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Accounting and Taxes
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SaaS
Procurement Software
Spend Management Software
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Coupa
$500M to $1B