Coupa Cloud Spend - Top Competitors (Sep 2022)

Shlomi Lavi / updated: Sep 19, 2022

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Coupa Cloud Spend vs. Alternatives in 2024

Some of the main competitors for Coupa Cloud Spend Management are Ariba and Coda Financials Spend Management.

Ariba looks to track and control spending with suppliers using collaboration tools for financial and spending information sharing. Its features include supplier identification using the vendor’s supplier network to match requirements, contract management to ensure financial & delivery terms are as per procurement rules, and online procurement portals for finalization of bids. The product is workflow based and can be setup to monitor invoice payments as per delivery schedules, with discounts & penalties based on non-delivery or inferior work.

Coupa Cloud Spend Management in comparison in addition to these features also provides an online Storefront for employees to choose from qualified products & services which are at favorable rates, and can still be put through an auction to meet specific requirements at even more competitive prices.

Then there is Coda Financials Spend Management which is workflow based to ensure all spending decisions meet the necessary approvals & authorizations. In addition there is support for budgeting to control expenses & spending, and review it in real-time to take proactive action when necessary to control costs. There is also an auditing option to ensure spending compliance with internal financial regulations as well as spending targets.

While Coupa Cloud Spend Management does not fully support these features it does include analytic tools to track spending along with dashboards to monitor key cost centers. Additionally the product can track employee expenses to identify areas which need to be optimized to reduce spending requirements.