Rohit Bhandari
Coupa publishes new releases of the spend management software three times a year to offer new features and improve the platform. One is the Coupa R39 Release notes for May 2024 that bring new features and enhancements to core modules of the system such as Procurement, Invoicing, Travel and Expenses, Payments, and others. When enterprises are in the process of upgrading, they need to be informed about the changes that are to happen to them. Here are five things you may want to know about Coupa R39’s offerings:
- Enhanced Supplier Collaboration Security
Today keeping business data secure is crucial, and Coupa R39 helps to enhance the security of the supplier portal. It is now mandatory to authenticate users’ identity with One-time passwords (OTPs) when suppliers are accessing the Actionable Notifications. This helps to ensure that only the authorized people gain access to some specific information.
The additional layer of verification provides more control to both clients and suppliers, reducing instances of leaked information by offering an additional layer of privacy. Such features like OTP are a show of the security measures that Coupa is willing to put in place as threats become more complex.
- Advanced Shipping Notices for Improved Visibility
It is for this reason that the Procurement module will automatically produce the Advance Ship Notices (ASN) when shipped. It also enables buyers to prepare in advance, thus offering more transparency in supply chains compared to other methods of delivery notifications.
Nowadays, there is hardly any transparency offered to the purchasers before the order is placed and received. The latter ASN triggers will help to reduce the information gap and make the whole process more connected and responsive.
- Enriched Accounting Integration
Timely and accurate preparation of financial reports is very crucial to any business. Coupa R39 brings increased synchronization of the Accounts Payable as well as the Accounting interface.
The new interfaces and using AI to suggest the accounting dimensions, has made tagging and spend allocation for invoices less difficult. These activities are fundamental in automating several processes that are time-consuming so that accounting can be smarter and faster.
- Smarter Expense Reporting
There are also various advantages for the finance teams when it comes to the management of employee expenses. It is reported that Coupa R39 Release Notes is going to generate expense reports from corporate card information. For transactions that do not include card details, they simply fall under the exceptions table to be easily assigned.
Another thing that was mentioned was that users do not have to enter data multiple times or submit reports manually, as the system does it for them. The enhancements also minimize reporting errors due to information lags.
- Increased Treasury Management and Integration of Risk
There is the need for integrating Coupa Treasury Management and Risk Assessments to enable the customers to reap from the strong connection between the two. Previously, all the evaluation criteria of supplier relationships are easily available now, particularly the aspect of financial risk which can be obtained from contract files.
While contract parameters do not currently encompass finer elements of the contract such as standards that include environmental factors, the integration helps in achieving the overall objective of consolidation of visibility. If the data is formatted to be easily accessible in the context of a stream, assessment is made easier through the use of complementary data.
Conclusion
There are some features that Coupa R39 offers significant enhancements in security, visibility, analytics, and others. Companies that want to capitalize on these developments need to prepare for adoption in advance. For Coupa R39 Release, Opkey, an official Coupa partner, offers sophisticated test automation. Its platform offers self-healing scripts, no-code test creation, and extensive reporting. Opkey is used by many Coupa clients from various industries to streamline their testing procedures, saving a lot of time and resources for every Release cycle.
