COUP - Brand new cloud software IPO

Discussion in 'Stocks' started by OctopodeClub, Oct 6, 2016.

  1. Baron

    Baron Administrator

    From their website:

    "Coupa Software is the cloud platform for business spend. We deliver “Value as a Service” by helping our customers maximize their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. Customers – small, medium and large – have used the Coupa platform to bring billions of dollars in cumulative spend under management."


    I can honestly say that after reading their company description from their website, I still have no idea what they do. What in the hell does "bring billions of dollars in cumulative spend under management" mean?
     
    d08 likes this.
  2. It's just a cloud-based ERP.