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February 2011 Industry News

By on March 15, 2011 in Industry News, Press Release with 0 Comments

Coupa Raises $12M to Accelerate Cloud Transformation of the Spend Management Industry

SAN MATEO, Calif. February 15th, 2011 – Coupa Software, developer of category-disrupting cloud spend management (CSM) solutions, today announced it has closed a $12 million Series D round of funding to accelerate the transformation of the e-procurement and expense management industry. Mohr Davidow Ventures led the financing, and General Partner Bryan Stolle will join the Coupa Board of Directors. Previous investors El Dorado Ventures, Battery Ventures, and BlueRun Ventures also participated in the round.
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DATABASICS Announces Expense Reporting Meeting and Conference Enhancements

DATABASICS, Inc. (www.data-basics.com), the expense reporting solution for the agile enterprise, has expanded its attendee management capabilities to meet the special demands of meetings and conferences. DATABASICS customers can now fully track spend for non-employee attendees and their organizations across events.

Reston, VA. February 2, 2011. DATABASICS, the expense reporting solution for the agile enterprise, today announced the general release of its extension for Conference Attendee Tracking (CAT). CAT facilitates the allocation of selected categories of event expenses over large groups of attendees and supports compliance with applicable spend limits for individuals not only for a single event but over time. CAT, like all DATABASICS products, is highly configurable so customers are free to set their own allocation and reporting rules.
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Exspend Launches Enhanced AP Integration with Leading Providers

Birmingham, AL. February 28, 2011 – Leading expense management provider Exspend has recently expanded integration into several leading AP applications including Microsoft Dynamics GP, SAP, Quickbooks and BankTEL A/P. While Exspend has always had the ability to quickly integrate into a variety of applications, our recently updated file formats and processes have created a seamless data flow into many leading accounting and A/P applications.
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