Amazon Web Services (AWS) and spend management solutions provider Coupa are expanding their existing partnership to provide businesses with greater visibility into and management of IT spend, the firms said in a press release issued on Thursday (Jan. 10).
Coupa users can link their accounts to Amazon Web Services to automatically have AWS invoices sent to the Coupa platform. The integration means companies using both Coupa and AWS can more quickly process those invoices, while gaining enhanced visibility into their spend with AWS services.
The integration deploys Coupa's InvoiceSmash solution, which accelerates invoice processing and payments for users, aimed at enabling companies to capture early payment discounts from their suppliers.
"With this latest addition of AWS Cloud invoice automation with Coupa InvoiceSmash, customers can gain comprehensive visibility into IT cloud spend without additional effort," said Coupa CEO Rob Bernshteyn in a statement. "This delivers real value to CFO and CIO organizations, with clear IT cloud budget visibility and a reduction of internal efforts to manage AWS invoices outside normal processes."
The integration also applies to businesses procuring products and services from the AWS Marketplace, including third-party software products.
"AWS allows companies to innovate faster by making their infrastructure more agile and efficient, and AWS Marketplace enables customers to easily find, buy and deploy thousands of software products built to run on AWS," explained Amazon Web Services VP of AWS Marketplace, Service Catalogue and Migration Services Dave McCann in a statement. "Coupa's platform makes total business spend more agile and efficient. Together, we allow organizations to run their businesses smarter."
Coupa and AWS first teamed up in 2015, the firms noted, streamlining spend management for companies when they procure on the Amazon Business platform. In addition, Coupa released its third quarter earnings last month, which surpassed analyst expectations with a 42 percent year-over-year increase in quarterly revenues.