Coupa Software (NASDAQ:COUP), a leader in business spend management (BSM), today announced the successful implementation of its Procure-to-Pay (P2P) solution at Nasdaq, a leading exchange and financial technology company that serves the global capital markets and a broad range of industries.
Headquartered in New York, Nasdaq moved to the Coupa platform to manage its indirect purchasing (e.g. office supplies, professional services, marketing, IT, facilities, rent). In addition to Coupa P2P, Nasdaq implemented Coupa’s Sourcing and Supplier Information Management (SIM) modules to help streamline its competitive bid and supplier onboarding processes.
“We chose Coupa because its business spend management solution aligns with our strategy to simplify and build scale in our spend management process,” said Ann Dennison, senior vice president and controller, Nasdaq. “Coupa’s platform will help us reduce our processing cycle times, deliver enhanced controls and transparency, and strengthen our supplier relationships.”
“By utilising our solutions, Nasdaq joins the ranks of forward-thinking organisations that have implemented Coupa and are realising measurable benefits,” said Rob Bernshteyn, CEO, Coupa. “We are thrilled that Coupa continues to be a major disruptor in business spend management for companies such as Nasdaq.”
To help ensure a successful implementation, Coupa Professional Services teamed up with an implementation partner to onboard Nasdaq suppliers globally. With offices in 23 countries, Nasdaq’s world-class market technology powers more than 90 marketplaces in 50 countries and accounts for one out of every 10 global securities transactions. Nasdaq’s businesses comprise trading and clearing; marketplace and compliance technology; data, analytics and index services; investor relations and board solutions; and securities listings. Nasdaq today is home to about 3,900 total listings with a combined market value of $13 trillion.