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Procurement

Afternoon Coffee: Tipalti webinar to have tips for solving procurement technology problems; Coupa details Q3 earnings


Tipalti webinar Adobe Stock

The AP automation specialist Tipalti will host a one-hour webinar next week that shares tips on how to improve companies’ procurement processes with the right technology. Many companies know they have gaps in their business workflows, but they don’t know how to start assessing all of their needs and know which technology will help the most.

Spend Matters’ Global Head of Client Services Jenny Draper will talk with Tipalti’s GM of Procurement, Bar Winkler, and Tomer Gamlielle-Druyan, VP of Global Supply Management for Cybereason, an end-to-end cybersecurity solution.

Check out Spend Matters’ 5-step “Procurement Technology Buyer’s Guide” for tech-selection tips.

To get the best match of technology to fit a companies’ needs, this webinar will discuss the procurement trends and challenges faced by companies and will discuss the best practices for implementing a technology-empowered procurement process to streamline the whole end-to-end operation. Topics include:

  • How to identify the gaps in the current process and select the right technology for your team
  • How modern procurement solutions help organizations achieve shorter time-to-value and drive rapid employee adoption
  • Best practices in implementing a technology-empowered process while driving employee adoption and team alignment

Sign up here for the webinar, to be held Wednesday, Dec. 15 at 8 a.m. US Pacific time/11 a.m. US Eastern/4 p.m. in the UK.

Coupa beats expectations

Coupa announced its third-quarter earnings and beat expectations from Wall Street analysts.

Earnings, adjusted for non-recurring costs and stock option expense, were 31 cents per share, beating analysts’ expectations of 2 cents per share, according to an article on Chron.com. “The company posted revenue of $185.8 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $177.6 million,” the article said.

In a call with analysts, Coupa CEO Rob Bernshteyn gave some big-picture views related to the pandemic, saying Coupa is seeing “a significant desire to return to in-person meetings, which we believe to be a very positive trend.” Coupa also said concern about the omicron variant did not play a big role in the company’s Q4 guidance, but it is monitoring the situation.

On the company’s strong deal momentum, Bernshteyn said “these results are all being driven by a massive push for digital transformation of the back office.”

How do you find the right procurement technology and vendor for your company? Spend Matters’ 5-step “Procurement Technology Buyer’s Guide” can help — with how-to documents, checklist templates and other tips.

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