Coupa, the margin multiplier company, announced new AI-driven innovations at Inspire, its annual community conference, across its total spend management platform that provides direct and indirect spend solutions. Drive New Levels of Autonomy with AI: Coupa's AI innovations help businesses optimize two of their most important assets ? money and people.

New AI-powered advancements include: Contract Intelligence helps teams prevent revenue loss and make faster and more informed decisions. It uses AI to analyze and extract key data, enabling users to load third-party contracts and create records automatically. Contract amendments can be tracked comprehensively and more effectively, which helps reduce risk.

What used to take hours of manual work, now takes seconds. Purchase Order (PO) Collaboration Intelligence keeps businesses running and increases supply chain resiliency by reducing lead times, expediting troubleshooting, and improving delivery performance. For instance, it uses AI to automate order change requests by processing emails to generate PO confirmations.

Coupa Navi?, a GenAI-based AI agent, provides real-time support and guidance helping teams make smarter decisions faster. Navi guides users through intake and purchase requests, auto-populates forms, creates personalized dashboards, surfaces key data and insights, and speeds up approval cycle times. Control Margins Across All Spend.

Coupa aids businesses in effectively managing supply chain disruptions, optimizing costs, and ensuring business continuity for sustainable growth. New solutions that improve forecast accuracy and identify areas to unlock cash include: Category Planner helps businesses better define priorities and spend category strategies by providing visibility into all their spend holistically. It provides commodity-level insights that tell businesses if they're spending more than peers ?

prompting negotiating opportunities to drive savings that improve working capital. Forecast Collaboration helps businesses reduce inventory costs by improving forecast accuracy, improve customer service due to reduced shortages, and capitalize on upside demand opportunities by connecting supply chain planners and suppliers. Forecast Collaboration is part of Coupa's Supply Chain Collaboration solution.

The above products are expected to be generally available in May 2024, with the exception of Navi. Navi is now available to Early Access customers and is expected to be widely available later this year.