The company this year brought on Avient, LinkedIn and Royal Caribbean as customers, CEO Rob Bernshteyn told analysts in September. Still, as the company notes in its annual filings, Coupa believes that the total spend figures “illustrates the adoption, scale, and value of our platform.”Īmong the key features of Coupa’s platform are software solutions for procurement, which includes what the company describes in filings as an “e-commerce-type shopping experience” for firms looking to source goods and services, as well as invoice, expense and payment functions. That’s a mammoth figure, though the company says it doesn’t necessarily correlate with its own revenue, which reached $725.3 million last year, an increase of roughly a third over the prior year. Just over a decade old, Coupa says that the total spend under management through its platform has grown from $3 billion in FY2011 to more than $3.3 trillion in 2022, according to a securities filing.
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