U.S. Government Approval Opens New Partnership Opportunities with Federal Agencies and Accelerates Value for Citizens

SAN MATEO, Calif., March 14, 2022 /PRNewswire/ — Coupa Software (NASDAQ: COUP), a leader in enterprise spend management (BSM), has obtained moderate clearance from the Federal Risk Authorization Management Program (FedRAMP).

Coupa Software (PRNewsfoto/Coupa Software)

This clearance underscores Coupa’s commitment to strict security and compliance standards, now including rigorous cybersecurity standards established by the US Federal Government and Department of Defense for cloud solution providers. With this designation, Coupa is now available in the FedRAMP marketplace, allowing every federal agency to begin using Coupa’s all-in-one cloud platform with this trusted layer of security and compliance.

The Board of Governors of the US Federal Reserve System sponsored Coupa to receive FedRAMP clearance. The federal program provides a standardized approach for US agencies and departments to deploy cloud services. It enables public-private partnerships to promote innovation and the advancement of more secure information technologies.

“We are extremely excited to be granted FedRAMP Moderate authorization and to have the opportunity to increase the value we provide to government agencies at all levels,” said Jon Steve, legal director of Coupa. “To reach this milestone, we met over 300 rigorous security and compliance criteria. The result: Coupa is ready to help government agencies accelerate their digital transformation and scale their mission, impact and success. “

Government organizations face ever-changing complexity and expectations. Budgets are more scrutinized than ever. The missions are multiplying at an incredible rate. Therefore, organizations must constantly strive to maximize the value of every taxpayer dollar.

“More than ever, maintaining trust with citizens is at the heart of the work of federal agencies. Coupa gives agencies the knowledge and agility to ensure that confidence in how they manage and spend every budget dollar,” said Stueve. “With FedRAMP Moderated Permission, Coupa is poised to provide agencies with a simpler, faster, and smarter way to deliver success and value to citizens and stakeholders.”

As a cloud-based platform, Coupa unifies siled back-office processes in supply chain, procurement and finance so organizations can respond quickly and confidently to maximize the impact of every dollar spent. Coupa helps over 2,500 organizations around the world maximize the return on their digital transformations.

Learn more about how Coupa helps the public sector www.coupa.com/solutions/industries/public-sector. Find Coupa on FedRAMP Marketplace here.

Forward-looking statements

This release contains forward-looking statements, including market demand in the federal sector and acceptance of Coupa’s products and services, results of the use of Coupa’s products and services, and general business terms, particularly in the business expense management industry. Any forward-looking statements contained in this press release are based on Coupa’s historical performance and its current plans, estimates and expectations, and do not constitute a representation that such plans, estimates or expectations will be achieved. These forward-looking statements represent Coupa’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and Coupa disclaims any obligation to update any forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially.

These and other risks and uncertainties that could affect Coupa’s future results are included under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. in Coupa’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) on December 7, 2021available on investors.coupa.com and on the SEC website at www.sec.gov. Further information about potential risks that could affect actual results will be included in other periodic filings that Coupa files with the SEC.

About Coupa Software
Chopped off is cloud-based enterprise expense management (BSM) platform that unifies the processes of supply chain, procurement and finance functions. Chopped off enables organizations around the world to maximize the value and operationalize purpose through their business expenses. To learn more, visit coupa.com or follow us on LinkedIn and Twitter.

Quote

Quote

View original content for multimedia download: https://www.prnewswire.com/news-releases/coupa-business-spend-management-for-federal-achieves-fedramp-authorization-301502182.html

SOURCE Coupa Software