March 10, 2008 09:00 ET

Quinault Beach Resort and Casino Goes Live on Coupa e-Procurement On Demand

Resort Scraps Paper-Based Purchasing Processes for Greater Procurement Efficiency and Savings

FOSTER CITY, CA--(Marketwire - March 10, 2008) - Coupa Software, the leading on demand e-procurement vendor for small and mid-sized businesses (SMBs), today announced that the Quinault Indian Nation has implemented Coupa e-Procurement for its resort and casino. Using Coupa e-Procurement has helped Quinault streamline its business while saving money buying services, equipment, and supplies.

"Before Coupa e-Procurement, we bought and paid for supplies by filling out forms via paper and email. The entire process, from approvals to faxing orders, was painful and slow. With Coupa's 100% electronic system we're much more efficient," said Carol Gissell, Purchasing Director for the Quinault Beach Resort. "It was so simple to get up and running and so user friendly I wish we would have made the switch long ago. We didn't have to install any computers or software, and there was no big implementation project. We were up and running fast."

Quinault has won the following improvements since going live with Coupa:

--  Cycle time reduction:  Approvals that typically took 2 weeks are now
    done in 2 days, an 85% decrease in cycle time
    
--  100% compliance, 100% enablement:  Every purchase goes through Coupa
    and every supplier is enabled on Coupa
    
--  Faster delivery: With approval cycle time compressed and orders being
    instantly sent to suppliers, QBR is getting its goods and services quicker
    with perfect order accuracy
    
--  Better information: Management can quickly track purchases, either at
    an aggregate or detailed level, to make informed purchasing and budgeting
    decisions
    

"Everyone knows e-procurement saves time and money. Yet it's still a big step for a paper-based organization to make," said Dave Stephens, CEO of Coupa Software. "We applaud Quinault's drive for efficiency and are happy to have played a role in their success."

About Quinault Indian Nation

The Quinault Indian Nation is comprised of over 1,300 members of the Quinault, Queets, Hoh, Quilieute, Chehalis, Cowlitz, and Chinook tribes. Their 208,150-acre reservation is pure in its wild coastline, unspoiled lakes, raging rivers, and pristine wilderness. It is also home to one of the largest conifer-producing forests in America.

About Coupa Software

Coupa is the leading on demand provider of solutions that automate and control purchasing for small and mid-size organizations. 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, Coupa's system enables companies to greatly increase efficiencies and save money quickly.

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