SOURCE: Coupa

May 06, 2008 09:00 ET

EXPRESS Selects Coupa e-Procurement On Demand

Leading U.S. Retailer to Benefit From Ease of Use, Fast Implementation and Affordability of Proven e-Procurement Solution

FOSTER CITY, CA--(Marketwire - May 6, 2008) - Coupa Software, the leading on demand e-procurement vendor for companies of all sizes, today announced that EXPRESS, LLC, one of the 10 largest specialty retailers in the U.S., has selected Coupa e-Procurement On Demand. EXPRESS will implement Coupa e-Procurement to support the indirect purchasing needs of its home office and stores.

Coupa e-Procurement provides EXPRESS with a single, centralized solution for requisitioning, purchase order creation, inventory and receiving. Coupa's e-procurement software will be used by both employees and the purchasing group for non-merchandise, indirect spend.

"Coupa's unique, easy-to-use approach to e-procurement and long-term vision for the retail sector make them an ideal partner for EXPRESS," said Steve Hengstebeck, director of procurement for EXPRESS. "Coupa e-Procurement streamlines operations and drives cost savings on services, equipment and supplies while supporting our commitment to delivering a superior product and customer experience."

The leading on demand e-procurement solution for SMBs, Coupa e-Procurement automates the entire procure-to-pay process from requisitioning and purchase order creation to RFQ generation, receiving, inventory and invoicing. A one-stop shopping center where employees can conveniently find approved products, share their experiences, place orders and launch the approval cycle, Coupa e-Procurement helps companies control spending while improving procurement efficiency. The software-as-a-service (SaaS) model ensures quick implementation and installation, as well as easy maintenance without additional investment in new hardware or software.

"As we continue to increase our presence in the retail industry, we're learning that even large businesses like EXPRESS are opting for easy-to-use, easy-to-implement and affordable e-procurement solutions," said Dave Stephens, CEO and co-founder, Coupa Software. "Coupa e-Procurement has the power of an enterprise solution and the price point of an SMB application, making it a perfect choice for companies who don't have a large IT staff."

About EXPRESS

One of the 10 largest specialty retailers in the U.S., EXPRESS is the preferred young, sexy and sophisticated designer brand for work and casual wear among fashion-forward young women and men. EXPRESS operates more than 580 retail outlets and generates more than $1.8 billion in sales annually.

About Coupa Software

Coupa is the leading on demand provider of solutions that automate and control purchasing for organizations beyond the Fortune 500. Coupa e-Procurement On Demand delivers a simple, quick and affordable solution for requisitioning, purchase orders, RFQs, inventory and invoicing, with no hardware to buy or software to license. With best-in-class ease of use, deep roots in the e-procurement sector, and a network of more than 2300 suppliers, Coupa's solution enables companies to greatly increase efficiencies and save money quickly.

For more information please visit www.coupa.com or call 650.585.6306.

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