Prime 5 Coupa Alternate options in 2023

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Procure to Pay (P2P) software program is a fast-growing market. On this market scene with a excessive variety of P2P suites, Coupa is thought to be a mature vendor. It provides a monolithic answer in P2P automation. But, companies in search of specialised procurement options might not discover Coupa as appropriate as different software program.

If you’re already utilizing Coupa, please keep in mind that P2P suite migration will be complicated. You may try options like APAI so as to add extra functionality to Coupa and clear up your online business downside with out a lengthy migration program. For these contemplating deploying Coupa or reconsidering their Coupa set up, we’re itemizing Coupa’s prime options.

Comparability of Coupa and 5 Alternate options

Vendor Free Model Pricing Common ranking Variety of evaluations
Coupa $45.75/month 4.3/5 996
SAP Ariba** ✅ As much as 4 paperwork/12 months Bronze: $50/12 months
Silver: $750/12 months
Gold: $2250/12 months
Platinum: $5500/12 months
3.9/5 875
PRM360 N/A 4.8/5 290
Basware N/A 4.2/5 268
Jaggaer ONE N/A 4.4/5 178
Oracle Procurement Cloud $625/month 4.2/5 137

*Scores and evaluations are primarily based on Gartner Peer Insights, G2 and Capterra. Distributors who acquired extra evaluations are ranked first.

**SAP Ariba’s subscription packages are primarily based on the overall variety of paperwork transacted in a 12 months. Bronze package deal consists of 5 to 24 paperwork or < $250,000. Silver consists of 25 to 99 paperwork; Gold consists of 100 to 499 paperwork and Platinum consists of 500 or extra paperwork.

Coupa overview

The Coupa Enterprise Spend Administration suite is obtainable by Coupa. Organizations looking for a single answer that may deal with quite a lot of use instances with out making main trade-offs might contemplate Coupa. As with all software program, Coupa has execs and cons.

Professionals:

Integration. One of many key advantages of adopting Coupa as a P2P answer is its potential to combine with different techniques, reminiscent of ERPs.

Cost capabilities. Coupa is the one of many main distributors for the monetary use case due to its cost processing capabilities. Prospects are given choices to extend the overall quantity of spend underneath monitoring via deeply integrated digital card creation and approval routines that allow each in-application and offline use instances.

E-Buying. Coupa’s e-purchasing platform options probably the most complete catalogs that may be browsed and shopped from throughout the platform.

Fraud detection. With Coupa’s spend guard, companies can detect fraud, errors and flag suspicious exercise throughout all enterprise spend (Determine 1).

spendguard Comprehensive Coverage
Supply: Coupa1

Cons:

Implementation could be a complicated course of, requiring time and sources to make sure a clean transition.

Prices. Coupa’s pricing mannequin might not align with small to mid companies’ budgetary necessities.

Studying curve. To the extent that Coupa provides complete options, its interface can also be complete. The shortage of in-app prompts could make it tough for brand spanking new customers to adapt. 2

Poor buyer help. It could be difficult to accumulate immediate help from Coupa, as its customer support could also be restricted in sure nations or for explicit languages. Their help is usually expensive and falls in need of expectations.

Restricted customization. Though Coupa provides fundamental customization of workflows, relating to particular necessities reminiscent of including customized fields, altering approval chains and extra, it could stay restricted.3

Person evaluations:

Gartner Peer Insights: 4.6/5 primarily based on 632 evaluations.4

G2: 4.2/5 primarily based on 279 evaluations. 5

Capterra: 4.2/5 primarily based on 85 evaluations. 6

1- SAP Ariba

Professionals:

Inclusive. SAP could be a good selection for companies searching for to handle all expenditure centrally by means of a single P2P suite.

Integration. One of many key advantages of selecting SAP Ariba is its potential to combine with different software program, reminiscent of ERP techniques or different accounting software program.

Expense monitoring. With SAP Ariba, one can automate expense monitoring and streamline AP processes.

Superior analytics and reporting. SAP Ariba offers analytics functionalities. This permits companies to realize vital insights into procurement processes and provider efficiency. With entry to real-time information and reporting dashboards, the decision-making processes will be improved.

Cloud-based. One other benefit of SAP Ariba is its cloud-based platform. Because of this the procurement system is accessible anytime, anyplace, with out the necessity for on-premise installations or infrastructure.

Cons:

Laborious to navigate. Utilizing SAP Ariba is a posh course of for customers who don’t have major expertise on the platform. (Determine 2). Because of this particular coaching could be required, which might be time consuming for companies. Additionally, the interface shouldn’t be very- person pleasant. In case of errors, customers might need to start out the entire course of from scratch.7

pr1
Supply: Gartner 8

Sluggish. The software program can slow-down in case of a excessive variety of POs and invoices. Invoices can get held up within the system which trigger complexities.9

Difficulties in approval processes. A number of the steps like modifying of submitted or accepted buy requisitions and including further approvals will be complicated. Approval flows can take a very long time as guide suggestions approval is awaited.

Inflexible. The system can have difficulties in dealing with modifications made in POs after they’ve initially been created. (Determine 3) 

pr2
Supply: Gartner 10

Total, regardless of cons, clients looking for direct help for POs, stock administration, work orders can discover SAP helpful.

Person evaluations:

Gartner Peer Insights: 4.2/5 primarily based on 353 evaluations.11

G2: 4.1/5 primarily based on 476 evaluations.12

Capterra: 3.4/5 primarily based on 46 evaluations.13

2-Basware

Basware is initially specialised in accounts payable automation however has later expanded to supply a complete Procure-to-Pay (P2P) suite, delivered by means of a multi-functional cloud.

Professionals:

Integration. The platform excels in automating Accounts Payable Bill Automation (APAI) and integrates easily with numerous provider networks.

Its cloud-based character provides accessibility and scalability.

Robust concentrate on APAI. (accounts payable AI). Firm has a robust emphasis on the usage of AI. The declare that the one-size-fits-all strategy of P2P suites can lock clients into suites with uneven high quality that may usually take years to roll out. Basware, thus providing a “microservices structure” will seem like an ecosystem of utility plugins, working off a core spend administration platform.14

Fraud detection. Use of AI and machine studying can improve fraud detection and expenditure administration actions.

Cons:

Implementation might require time and sources to make sure a simple transition.

Reliance on each third-party and in-house analytics instruments, which can complicate the analytics panorama.

Person evaluations:

Gartner Peer Insights: 4.5/5 primarily based on 138 evaluations.15

G2: 4.0/5 primarily based on 110 evaluations.16

Capterra: 4.1/5 primarily based on 20 evaluations.17

3- Oracle procurement cloud

Professionals:

Reporting. Oracle can present strong reporting functionalities with real-time information and reporting dashboards.

Person pleasant. Oracle’s interface is user-friendly. This makes it simpler for customers to adapt to the platform.

Scalable. Oracle provides scalable options that may cater to particular wants whatever the measurement of the enterprise.

Gives a variety of built-in options. Oracle offers a variety of enterprise options and cloud companies, together with Oracle Fusion Cloud Procurement, a element of Fusion Cloud Purposes suite. Accessible through a public cloud, this platform will be an choice for organizations desirous to handle numerous kinds of spending.

Cons:

The software program would possibly want enhancements in companies procurement and provider collaboration.

Modules use effectivity. There are redundant fields throughout the modules. For example, if an organization buys a whole finish to finish suite, as a substitute of with the ability to use particular person fashions when wanted, they are going to be confronted with a set of fashions the place transitions are tough and integration is weak.18

Lack of help. Oracle’s help is insufficient when the applying experiences issues reminiscent of slowdowns or disorientation.

Person Opinions:

Gartner Peer Insights: 4.2/5 primarily based on 95 evaluations.19

G2: 4.1/5 primarily based on 37 evaluations.20

Capterra: 4.2/5 primarily based on 5 evaluations.21

4- PRM360

Professionals:

Synchronization. One of many benefits of PRM360 is, it offers a very good degree of sync with ERP techniques.

Customizable. PRM360 is a extremely customizable platform that gives options that permits companies to make quicker choices and finalize distributors. It provides complete automation with catalog administration, contract administration, RFQ course of and conducting public sale.

Vendor pleasant: In PRM360, distributors get notified if, for example, they’re shortlisted for quote submission. They’ll additionally get to know the standing of their quote submitted by utilizing the portal. They’ll view POs when talked about which eliminates the necessity to ship any mail to distributors for every PO.

Cons:

UI design. UI interface and the workflows are open to enhancements as, particularly first time customers get simple understanding of the instrument.22

Sluggish. The loading points can happen whereas loading high-numbers of knowledge.

Person Opinions:

Gartner Peer Insights: 4.8/5 primarily based on 150 evaluations.23

G2: 4.8/5 primarily based on 140 evaluations.24

Capterra: N/A

5- Jaggaer ONE

JAGGAER’s JAGGAER ONE suite is a multi-functional cloud-based answer.

Professionals:

Complete answer. JAGGAER ONE offers a one-stop-shop for managing numerous kinds of spend, making it a very good match for companies with various procurement wants.

Integration and E-Buying. The software program integrates nicely with exterior techniques and provides above-average e-purchasing options.

Provider financing capabilities. One of many main advantages of selecting Jaggaer is its provider financing capabilities. With options reminiscent of early cost reductions and dynamic discounting, Jaggaer allows companies to optimize their working capital and strengthen relationships with suppliers.

Improved cash-flows. By providing versatile cost choices, Jaggaer empowers companies to barter higher phrases and enhance money circulate.

Specialised functionalities. Standout options embrace integrations with product life cycle administration (PLM) and planning techniques for direct supplies procurement.

Cons:

Third-Celebration OCR suggestions: In keeping with a Gartner report, there was detrimental buyer suggestions regarding its third-party optical character recognition (OCR) seize answer.25

    Person evaluations:

    Gartner Peer Insights: 4.4/5 primarily based on 148 evaluations.26

    G2: 4.4/5 primarily based on 27 evaluations.27

    Capterra: 4.3/5 primarily based on 3 evaluations.28

    For additional questions relating to the subject, attain out to us:

    Discover the Proper Distributors

    1. The Smarter Option to Monitor Enterprise Spend”, Coupa, Retrieved on September 11, 2023
    2. Coupa Opinions & Product Particulars”, G2, Retrieved on September 11, 2023
    3. Coupa Opinions & Product Particulars”, Gartner, Retrieved on September 11, 2023
    4. Coupa BSM Platform Opinions”, Gartner, Retrieved on September 11, 2023
    5. Coupa Opinions & Product Particulars”, G2, Retrieved on September 11, 2023
    6. Coupa Opinions”, Capterra, Retrieved on September 11, 2023
    7. SAP Ariba Opinions & Product Particulars”, G2, Retrieved on September 11, 2023
    8. Peer Assessment for SAP Ariba Shopping for and Invoicing”, Gartner, Retrieved on September 11, 2023
    9. SAP Ariba Opinions & Product Particulars”, G2, Retrieved on September 11, 2023
    10. Peer Assessment for SAP Ariba Shopping for and Invoicing”, Gartner, Retrieved on September 11, 2023
    11. SAP Ariba Shopping for and Invoicing Opinions”, Gartner, Retrieved on September 11, 2023
    12. SAP Ariba Opinions & Product Particulars”, G2, Retrieved on September 11, 2023
    13. SAP Ariba Opinions”, Capterra, Retrieved on September 11, 2023
    14. The Rise of Ecosystem in Procurement and Sourcing”, Basware, Retrieved on September 11, 2023
    15. Basware P2P Opinions”, Gartner, Retrieved on September 11, 2023
    16. Basware Opinions & Product Particulars”, G2, Retrieved on September 11, 2023
    17. Basware Opinions”, Capterra, Retrieved on September 11, 2023
    18. Peer Assessment for Oracle Fusion Cloud Procurement”, Gartner, Retrieved on September 11, 2023
    19. Oracle Fusion Cloud Procurement Opinions”, Gartner, Retrieved on September 11, 2023
    20. Oracle Procurement Cloud Opinions & Product Particulars”, G2, Retrieved on September 11, 2023
    21. Oracle Fusion Procurement Opinions”, Capterra, Retrieved on September 11, 2023
    22. PRM360 Opinions & Product Particulars”, G2, Retrieved on September 11, 2023
    23. PRM360 Simplified Procure-to-Pay Suite Opinions”, Gartner, Retrieved on September 11, 2023
    24. PRM360 Opinions & Product Particulars”, G2, Retrieved on September 11, 2023
    25. Crucial Capabilities for Procure-to-Pay Suites”, Gartner, Retrieved on September 11, 2023
    26. JAGGAER ONE Opinions”, Gartner, Retrieved on September 11, 2023
    27. Jaggaer Opinions & Product Particulars”, G2, Retrieved on September 11, 2023
    28. JAGGAER ONE Sourcing Opinions”, Capterra, Retrieved on September 11, 2023

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