Coupa Announces the Coupa Business Spend Index, a Leading Indicator of Economic Growth
Summary
“One of the most exciting values we are now able to deliver from our aggregate dataset of over $1 trillion of cumulative spend data is empowering business leaders with visibility into future economic conditions so that they can better position themselves for growth and profitability,” saidRob Bernshteyn, chairman and chief executive officer at Coupa . “The Coupa BSI is grounded in the power of Community Intelligence and Coupa’s focus on delivering meaningful insights that can help executives drive strategic business decisions.” Based on spend behavior in Q1 2019, the Coupa BSI revealed an overall index value of 105.3, an increase of 16.2% from Q4 2018 (90.6), indicating that businesses are collectively growing more optimistic about the growth of the economy over the next three-to-six months. The Coupa BSM Platform offers a comprehensive and open approach that enables businesses to manage all their spend, including procurement, invoicing, expenses, payments, and more, in one place. Built in the cloud, Coupa uniquely has access to transactional business data, which enables its Community Intelligence engine to leverage the latest in machine learning and AI to provide more accurate benchmarks and high-value insights.
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