Coupa Integrates Expense Management With SalesForce - InformationWeek
10:21 AM
Moving UEBA Beyond the Ground Floor
Sep 20, 2017
This webinar will provide the details you need about UEBA so you can make the decisions on how bes ...Read More>>

Coupa Integrates Expense Management With SalesForce

Cloud-based platform allows companies to control spending in real time, including creating expense reports, viewing project costs, and more.

Coupa Expenses for Salesforce
Coupa Expenses for Salesforce
(click image for larger view)

Coupa Software Tuesday announced the availability of Coupa Expenses for Salesforce on's AppExchange 2.

"A small company like Coupa needs association with a big, known company like SalesForce," noted Jason Hekl, VP of marketing at Coupa. (In a similar vein, recently announced its availability through Google Apps.)

Coupa Expenses for Salesforce is part of the Coupa Cloud Spend Management platform, a cloud-based service that, according to the company, "consolidates e-procurement and expense management into a single solution for managing, and more effectively controlling, all business spending."

The product allows salespeople to electronically file receipts and put the information into expense reports, and lets managers see how travel and entertainment expenses impact their budget before reimbursements are approved. Additionally, according to the company, "accounting managers gain intelligent scoring to prioritize expense report audits, and executives finally have insights into the true cost of sales."

"Expense management is very hot right now," said Rick Telberg, president and chief executive of Bay Street Group, which provides custom research, marketing, strategic consulting, and other services to the professional tax, accounting, and finance sector. "Expense management -- getting hold of your payables -- is a key component in managing cash flow. Particularly for today's self-financing companies, it's the difference between life and death."

As a software-as-a-service (SaaS) product, "financial managers can treat Coupa as an operating expense instead of capital expense -- and that is better for cash flow and for reducing taxable income," Telberg pointed out.

"You now have an expense reporting interface directly from within SalesForce," said Hekl. "This includes features new to SalesForce, like associating specific line items like a plane fare, or a meal with a customer or prospect, to specific activities. You can break it down by prospect, or by sales person. So the company gets more insight into the cost of sales."

"Most companies do their budgets in Excel spreadsheets. With Coupa, you review spending as it occurs against the budgets, and can make changes on the fly," said Hekl.

Also, according to the company, "Coupa Expenses for provides decision makers with an accurate reflection of their total cost of sales -- including T&E expenses -- so they can effectively forecast revenues, estimate expenses, and strategically plan business resources. With Coupa Expenses for, organizations can accurately calculate the costs associated with closing business."

Coupa Expenses for Salesforce isn't just for use with a sales force, Hekl stressed. "It's for anybody who does expense reports, like travel, going to events, service organizations. So it's also useful for customer service, consulting, and other services."

Coupa Expenses for features include: preconfigured dashboards; expense reports that allow costs to be associated to a specific opportunity; and, according to the company, "intelligent audit scores and frugal meter [that] keep employees honest and help prevent fraud."

Available now, pricing for Coupa Expenses for Salesforce depends on company size, starting at around $20,000/year for 20-50 users.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll