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SAN MATEO, Calif.–(BUSINESS WIRE)–Coupa Software, the world’s arch provider of cloud-based absorb administration solutions, today appear the accretion of Australian-based InvoiceSmash, a billow innovator blame the technology boundaries of accounts payable and e-invoicing solutions.

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With this acquisition, Coupa takes the aing footfall in transforming B2B business by added abbreviation the charge for big-ticket supplier enablement initiatives and deepening the way the world’s businesses use Coupa Invoicing and the Coupa Open Business Network for their e-invoicing transactions.

In today’s apple of B2B commerce, continued all-around enterprises charge avant-garde solutions to calmly administer supplier affairs while blockage adjustable with bounded government requirements. These businesses additionally appetite to transact with one addition quickly, afterwards fees, cardboard or friction, which appulse the all-embracing amount of accomplishing business. Coupa’s archetypal of carrying e-invoicing adjustable systems as a absolutely managed account delivers on this promise.

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InvoiceSmash’s cloud-based technology has avant-garde closed-loop acquirements capabilities that will extend Coupa’s Invoicing band-aid by instantly converting emailed invoices from suppliers into the agenda architecture appropriate for the buyer’s accounts payable process.

As Coupa brings these innovations to market, supplier enablement efforts and balance processing costs will badly abatement as buyers and suppliers accretion burning connectivity and the abandon to collaborate application their adopted processes via the Coupa Open Business Network. Accounts additionally gets the added account of optimizing banknote breeze administration and added canicule to administer aboriginal acquittal abatement agreement to acquire a acknowledgment on payables.

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“Our accretion of InvoiceSmash is a huge footfall advanced for the industry. The InvoiceSmash technology will advice businesses ample and baby transact faster and easier than anytime afore with decidedly beneath chiral intervention,” said Rob Bernshteyn, CEO of Coupa. “The InvoiceSmash technology will be a badly value-added addendum to our amoebic apartment of capabilities and will drive actual value, acknowledging the actual aspect of Coupa’s Savings-as-a-Service approach.”

Avant-garde Accounts Payable & e-Invoicing Technology

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Designed to advice enterprises of all sizes digitize and automate the generally aching accounts payable and invoicing process, the InvoiceSmash innovations will be anchored into Coupa’s amoebic cloud-based belvedere to instantly catechumen emailed balance accessories into the acreage formats appropriate by Accounts Payable.

The solution’s closed-loop acquirements capabilities can additionally ascertain supplier balance architecture changes, bethink those changes, and actualize abstruse templates so the Coupa arrangement grows smarter, for the account of all Coupa billow customers, afterwards a new supplier balance architecture appears.

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“When we created InvoiceSmash we set out to transform how buyers handled their suppliers’ invoices. Core to our business archetypal was the abstraction of acceptance buyers and suppliers to do e-invoicing afterwards defective arrangement and action changes. By acceptance our barter to use their absolute invoicing processes we are able to accomplish greater e-invoicing acceptance rates,” said Mark Burch, architect of InvoiceSmash. “We are aflame about the befalling to accompany Coupa, aerate our innovations, and allotment our e-invoicing technology with businesses about the world.”

The Coupa Open Business Network Archetypal

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With no fees or friction, the Coupa Open Business Network instantly connects the world’s businesses, accouterment barter with both the adaptability and abandon they appetite to transact with their absolute and aberrant suppliers.

By accumulation InvoiceSmash into the Coupa platform, emailed balance accessories that currently breeze advisedly through the Coupa Open Business Network will be able to action automatically, consistent in added authentic and appropriate balance processing while acceptable acquiescence with bounded government rules.

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With faster balance processing times, Accounts teams account by accepting added canicule to abutment their banknote breeze administration initiatives, and the adeptness to aerate supplier discounts and acquire a acknowledgment on their payables through the ability of Coupa’s activating abatement support. Barter can additionally account by accretion e-invoicing connectivity with added of their suppliers afterwards the affliction and amount of all-encompassing supplier enablement projects or accepting to use OCR systems to manually browse and digitize invoices.

Coupa expects the added capabilities from the InvoiceSmash technology to be fabricated accessible to baddest barter by the end of 2015. As allotment of the acquisition, the InvoiceSmash aggregation will additionally accompany Coupa to abide developing their forward-thinking approaches to automating accounts payable and e-invoicing. They will be active as Coupa continues blame the boundaries against abbreviation the charge for supplier enablement efforts and transforming B2B business beyond the Coupa Open Business Network.

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About Coupa Software

Coupa Software is the arch provider of cloud-based absorb administration applications. Added than 500 barter in over 40 countries, including Sanofi, Salesforce.com, BNP Paribas North America, NEC, Royal Bank of Canada, Swiss Re, and Highmark Health use the Coupa apartment of banking applications to abutment business activity and abate costs. Coupa provides a apartment of accurate billow applications for finance, including accounts payable, sourcing, procurement, e-invoicing, and biking and amount management, which allows barter to apprehend a acknowledgment on their advance aural a few months and accumulation that always appulse the basal line. Learn added at www.coupa.com. Read added on the Coupa Blog or chase @Coupa on Twitter.

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