Aug 2, 2021
Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Coupa has a reputation for empowering companies around the world with the visibility and control they need to spend smarter and safer. But I wanted to learn more about how Coupa is helping businesses to use technology to make more ethical spending decisions.
Donna Wilczek, Coupa’s SVP of Product Strategy and Innovation
discusses the launch of eight new features that put Environment,
Social and Corporate Governance (ESG) right at the forefront of
crucial business investment and spending decisions – hopefully
inspiring businesses to operate much more sustainably and with a
far greater sense of social purpose in future.
Despite the tremendous pressure on businesses to implement and
execute ESG initiatives, most struggle to get started, make
programs actionable, and measure them. Coupa’s technology is
focused on helping businesses better manage their spending and
achieve social impact goals, turning what is often rhetoric and
intention into measurable actions.
Companies such as IKEA, AXA, Procter and Gamble, and Nike are all
using Coupa’s software to improve and measure their ESG
initiatives. More than $2.6 trillion worth of business spending has
passed through Coupa’s platform, which shows the scale of how much
money could be redirected to diverse and sustainable suppliers.
We discuss why technology is so important for companies looking to spend more ethically and the difference that spending more with ethical and diverse suppliers can make. I learn how Coupa's software works - and how companies use it to improve their sustainability and diversity efforts.