“We’re thrilled with the addition of Blackstone to our growing marquee of top-tier companies and investors,” said Rob Bernshteyn, CEO of Coupa. We will use the Coupa solution to optimize spend and help improve the success of our portfolio companies.” “Coupa is easy for everyone to use and makes it simple to drive savings that benefit the bottom line. “At Blackstone, we understand how to optimize company operations to improve efficiency and profitability,” said Matt Skurbe, treasurer and managing director for Blackstone. With a portfolio of more than 70 companies and $125 billion in annual revenue, Blackstone will offer the Coupa platform to its portfolio companies to help them quickly get their spend under control and improve operating efficiency. With 200 active Blackstone users currently on the platform, the company anticipates full integration with its more than 1,600 employees to drive collective spend intelligence across the organization.īlackstone’s core private equity competency is investing in leading, global businesses positioned for growth and profitability. Coupa’s ability to quickly deploy its cloud-based solution and show immediate results was a key factor in Blackstone’s decision to deploy the Coupa solution. Some Blackstone portfolio companies already use Coupa, and the Coupa-Blackstone relationship will now be leveraged at other portfolio companies in coming months.īlackstone selected Coupa Software as it sought a best-in-class solution to streamline operations and optimize its spend. – J– Coupa Software, the fastest growing provider of spend optimization software, today announced that Blackstone (NYSE: BX), one of the world’s leading investment and advisory firms, has selected Coupa as its spend management solution and has made a limited investment in the company. Leading Investment and Advisory Firm Implements Cloud-based Applications and Makes Limited Investment in the Company Individual Investors & Financial Advisorsīlackstone Deploys Coupa Software To Streamline Procurement and Approval Processes.Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone.

Coupa procurement