Coupa's Stellar 2011 Growth is Proof That P2P Fresh Thinking is Thriving
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As a new entrant into the already crowded space of e-sourcing during a major economic downturn, it certainly makes for interesting times. After persevering though our first year, we can see many factors actually in our favour (and of course many against, but let's focus on the positives).
First, procurement continues to gain visibility within organisations, as we know that an efficient procurement strategy can mean the difference between profitability and receivership. Having been both an engineer and a buyer, it is pleasing to see these professions gaining more traction at a board room level, although still maybe not as much as we'd have liked.
In the first part of this post, examining the procurement scenario that Technology Proves More Than Transformative, we explored the proverbial "why" and "what." In this follow-up post, I want to focus entirely on the "how." But just to recap, this procurement scenario (and broader series looking at procurement in the next decade) is meant as a primer to showcase potential sourcing and operations endstates that may happen -- independently, concurrently and/or sequentially. My main goal in coming up with them is to show, in many cases, how procurement and supply chain organizations are focusing on too narrow a set of areas today and are attempting to respond retroactively to past issues rather than keeping an eye on what the future will ask and require of them. When it comes to technology, it will be critical for procurement to better understand and embrace the building blocks of what is coming down the solution pike.
The third scenario for our procurement predictions for the next decade focuses heavily on a single topic, one that we cover on these virtual pages extensively: technology. Spelled out, the scenario is still simple: Technology Proves More Than Transformative. Yet how this scenario plays out may in fact prove as disruptive and chaotic as any potential procurement path. During any period of punctuated equilibrium, there are those that can adapt and those that fall off the pace, dropping out of the pack entirely. Here at Spend Matters, we believe that current social and web-based world that is taking shape will look very different in only a few years. And without question, emerging enterprise applications, mobile computing, social "intelligence" and technology democratization will change the possibilities (and priorities) of procurement.
In the first two posts in this series (which you can read here and here), we offered up a first look into The Coupa Spend Optimizer product, a new spend analysis solution that is actually much broader -- but in places not as deep -- as other spend analysis offerings in the market today. These posts contain numerous screen shots of the product in addition to a couple of new additional screen grabs at the end of this post. In this final post looking at Coupa's new spend analytics solution, we'll include our analysis and recommendations for Coupa customers/prospects and competitors/partners: