U.S. Government Acceptance Opens New Options to Companion with Federal Organizations, Speed up Value for Citizens
SAN MATEO, Calif., March 14, 2022 /PRNewswire/ — Coupa Computer software (NASDAQ: COUP), a leader in Business enterprise Devote Management (BSM), has obtained Reasonable Authorization from the Federal Chance Authorization Administration Method (FedRAMP).
This authorization underscores Coupa’s determination to stringent security and compliance specifications – now such as arduous cybersecurity expectations recognized by the U.S. federal government and Division of Protection for cloud remedy companies. With this designation, Coupa is now accessible on the FedRAMP Marketplace, enabling every federal agency to begin utilizing Coupa’s all-in-just one, cloud-centered system with this trusted layer of protection and compliance.
The U.S. Federal Reserve Program Board of Governors sponsored Coupa to acquire authorization from FedRAMP. The federal method provides a standardized technique for U.S. companies and departments to deploy cloud providers. It permits public-private partnerships to market innovation and the development of extra protected info technologies.
“We are amazingly fired up to receive the FedRAMP Moderate authorization and have the prospect to raise the benefit we give for govt companies at each individual degree,” said Jon Stueve, chief legal officer at Coupa. “To access this milestone, we achieved a lot more than 300 exacting protection and compliance benchmarks. The end result – Coupa is poised to help federal government companies speed up their digital transformation and scale their mission, affect, and results.”
Government organizations confront regularly evolving complexity and anticipations. Budgets facial area far more scrutiny than at any time. Missions are expanding at an extraordinary speed. As a consequence, organizations will have to attempt regularly to improve the value of every single taxpayer dollar.
“More than ever prior to, keeping have faith in with citizens is at the heart of federal agencies’ operate. Coupa provides businesses the insights and agility to provide on that have confidence in in how they handle and spend each individual funds greenback,” reported Stueve. “With FedRAMP Reasonable Authorization, Coupa’s poised to give businesses with a more simple, more quickly, and far more intelligent way to supply results and worth for citizens and stakeholders.”
As a cloud-primarily based system, Coupa unifies siloed back again-business office processes across source chain, procurement, and finance so companies can respond swiftly and confidently to increase the effects of each dollar they spend. Coupa allows far more than 2,500 organizations around the globe improve the return on their electronic transformations.
This release includes forward-wanting statements, including the market demand in the Federal sector for and acceptance of Coupa’s goods and providers, the results from use of Coupa’s goods and companies, and standard business enterprise disorders, especially inside the small business spend management business. Any ahead-looking statements contained in this press release are based mostly upon Coupa’s historic functionality and its recent ideas, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These ahead-searching statements characterize Coupa’s expectations as of the date of this push announcement. Subsequent situations may possibly result in these anticipations to transform, and Coupa disclaims any obligation to update the ahead-wanting statements in the future. These forward-hunting statements are issue to known and unknown challenges and uncertainties that may well induce actual outcomes to vary materially.
These and other hazards and uncertainties that could have an affect on Coupa’s foreseeable future results are provided less than the captions “Hazard Aspects” and “Management’s Discussion and Evaluation of Economic Condition and Effects of Operations,” in Coupa’s quarterly report on Type 10-Q filed with the Securities and Exchange Fee (SEC) on December 7, 2021, which is offered at traders.coupa.com and on the SEC’s web-site at www.sec.gov. Even more information on opportunity challenges that could affect precise results will be incorporated in other periodic filings Coupa can make with the SEC.
About Coupa Software program
Coupa is the cloud-dependent Company Spend Management (BSM) system that unifies procedures across supply chain, procurement, and finance capabilities. Coupa empowers corporations all-around the earth to maximize value and operationalize goal through their enterprise devote. To understand additional, pay a visit to coupa.com or follow us on LinkedIn and Twitter.
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