Los Angeles, California
April 24, 2023
ProcurementIQ, the leading provider of market intelligence for procurement, announced today it will offer its Sourcing Snapshot on the Coupa App Marketplace, connecting businesses with certified pre-built sourcing solutions. Coupa Software certified the Sourcing Snapshot for use within the Coupa Business Spend Management (BSM) Platform, its cloud-based platform that empowers companies around the world with the visibility and control they need to make smarter spending decisions.
Sourcing Snapshot enables Coupa users with ProcurementIQ subscriptions to access key market insights for over 1,000 categories directly from Coupa’s sourcing events portal. Upon downloading the app, users will find ProcurementIQ’s vast collection of market data—including high-level cost dynamics and trends, buyer leverage projections, and other important market factors—already mapped to the commodities within the Coupa Sourcing solution. Armed with this information, users can confidently negotiate with suppliers and secure better deals for their organization.
“In today’s unpredictable economy, market and supply chain conditions are constantly changing,” said Roger Goulart, executive vice president of business development and alliances at Coupa. “It’s essential that procurement has access to unbiased and dependable market intelligence to make the best purchasing decisions possible, which is why we’re proud to add ProcurementIQ’s market research to the Coupa App Marketplace.”
As a certified CoupaLink solution, ProcurementIQ’s Sourcing Snapshot meets the requirements established by Coupa through its CoupaLink Partner Program and is available in the Coupa App Marketplace. The CoupaLink Partner Program enables software partners to build complementary solutions that easily connect into the Coupa platform. Customers benefit by discovering and connecting solutions to optimize their business spend and reduce business risk while minimizing the cost of third-party software integration.
“Connecting the Sourcing Snapshot into Coupa's Business Spend Management Platform gives our customers a streamlined sourcing experience and enables them to access essential market insights in one easy-to-access place on the Coupa platform,” said Thomas Larson, ProcurementIQ’s global product manager. “We’re proud to be a part of the Coupa App Marketplace and a trusted CoupaLink technology partner. We look forward to our relationship with Coupa to further help customers transform their procurement departments into more strategic, agile sourcing practitioners.”
For more information on ProcurementIQ’s Sourcing Snapshot and how it can streamline your sourcing process, visit the Coupa App Marketplace at marketplace.coupa.com.
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About ProcurementIQ
ProcurementIQ offers a suite of products and services that cater directly to solving your problems, like achieving cost avoidance targets, improving speed to market, training and upskilling employees, centralizing category knowledge in your department and building relationships with stakeholders.
Media Contact
For more information on ProcurementIQ or the Sourcing Snapshot, contact marketing.iq@procurementiq.com
