IGATE Corporation (IGATE or the Company) (NASDAQ: IGTE), the New Jersey headquartered Integrated Technology and Operations solutions provider, today announced its partnership with Coupa, a leading provider of cloud-based financial applications, to enhance its Business Process as a Service (BPaaS) model by delivering end-to-end Sourcing, Procurement, Accounts Payable and Spend Analytics solutions and services while supporting business agility and reducing costs. This partnership will enable IGATE to help automate, standardize and improve the highly transactional Procure to Pay processes while providing a significant reduction in indirect spend resulting in positive impact on a Company's bottom line. IGATE recognizes the existence of a strong linkage between the performance of a procurement organization and the overall profitability of an enterprise, and also understands the growing need to provide its customers with a comprehensive suite of end-to-end solutions in Sourcing, Procurement and Payables. Coupa provides industry-leading true cloud spend management solutions that are a seamless extension and strategic investment added to any ERP system. Built for ease-of-use and rapid adoption rates, Coupa's suite provides improved visibility into corporate spend and immediate customer savings. IGATE introduced its Business Process as a Service (BPaaS) model and has been actively developing the iTOPS (Integrated Technology and Operations) for business outcomes. For the last several years we have seen tremendous growth in the procurement space and our strategy aligns perfectly with Coupa Saving as a Service model. BPaaS encompasses delivery of Procure-to-Pay services on a cloud-based feature-rich platform for delivering consistent business outcomes. Through this industry leading model, IGATE will leverage Coupa technology to maximize alignment and focus on business outcomes. "Today, the market looks promising for providers offering industrialized PO services, capable of delivering a tested industrialized solution or an end-to-end value chain procurement solution. Coupa has a winning track record of helping large enterprises drive efficiencies through its innovative unified cloud-based spend management suite and enhance the customer experience," commented Atul Kulshreshtha, Vice President and Global head BPO Services at IGATE. "Our association with Coupa will help our customers deliver rapid results and drive competitive advantage by offering them end-to-end procurement solutions. We are delighted to formalize our partnership with Coupa and to be able to take our joint proposition to the marketplace." "We know companies are under constant pressure to hit metrics and keep their businesses in line with budgets," said Rob Bernshteyn, CEO of Coupa. "Our partnership with IGATE will help provide customers with the impactful solutions they need to drive immediate savings. Our teams are dedicated to providing customers with solutions that can truly make a difference and this partnership continues to build upon our collective goals." IGATE and Coupa have formalized their partnership in response to the trend and demand from organizations for a complete package of full-scale practices in the PO space, capable of delivering end-to-end value chain procurement solutions.
About Coupa SoftwareCoupa Software is the leading provider of cloud-based financial applications. More than 450 customers in over 40 countries use the Coupa suite of financial applications to support business agility and reduce costs. Only Coupa provides a suite of true cloud applications for finance, including accounts payable, sourcing, procurement and expense management that allows customers to realize a return on their investment within a few months and savings that continually impact the bottom line. Learn more at www.coupa.com. Read more at our company blog, Making Cents or follow @Coupa on Twitter. About IGATE IGATE is a global leader in providing integrated technology and operations-based solutions, headquartered in Bridgewater, New Jersey. As a trusted partner to corporations in North America, Europe and Asia Pacific, IGATE provides solutions to clients' business challenges by leveraging its technology and process capabilities, underwritten by an understanding of domain and industry imperatives. With revenues over US$ 1.3 billion, and a global employee talent capital of over 30,000, IGATE offers productized applications and platforms that provide the necessary competitive and innovation edge to clients across industries, through a combination of speed, agility and imagination. IGATE is listed on NASDAQ under the symbol IGTE.