As more businesses subscribe to their BSM platform, the collective spend under management on the platform grows. With its more than 8 Mn suppliers, it makes the platform more attractive to suppliers and buyers who benefit from a wider range of purchasing options. Network EffectĬoupa has a large network affect. All additional modules, such as the recently introduced travel expense management and other upsells such as procurement analytics are also focused on BSM. Unlike the much larger Oracle and SAP with slower growth, it has focused strictly on the spend management space where it has grown revenues at an astounding CAGR of 47% from FY2015 to FY 2022. The BSM space has a lot of potential to grow - Fortunate Business Insights expects the global market to grow at a CAGR of 11% from $15.7Bn in 2022 to $39Bn by 2029 Strengths Focus and LeadershipĬoupa is the leader in the payment management space and unlike other enterprise software providers with several products, focuses and offers the best solutions in this segment. While it competes with the likes of major ERP (Enterprise Resource Planning) software players such as Oracle (NYSE: ORCL ), SAP SE, (NYSE: SAP ) and Workday (NASDAQ: WDAY ), it is a pure play focusing on Business Spend Management.īSM includes accounts payable management, supply chain management, sourcing and procurement among other spending and related functions - a comprehensive, outsourced SaaS (Software as a Solution) managed on Coupa's platform. Coupa Software Incorporated ( NASDAQ:COUP) is the leader in the Business Spend Management space (BSM).
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