Avetta One Platform Certified as Coupa Business Spend Management Ready

Avetta One is now available in the Coupa App Marketplace, extending Coupa’s platform, allowing Coupa customers to view supplier compliance status in real time, helping companies manage operational, reputational and regulatory compliance risks

Avetta, the leading provider of supply chain risk management (SCRM) software, announced it will offer Avetta Supply Chain Risk Management services in the Coupa App Marketplace, connecting businesses with certified, pre-built solutions. Coupa Software certified Avetta One™ for use within the Coupa Business Spend Management (BSM) Platform, its cloud-based platform that empowers companies around the world with the visibility and control they need to make smarter spending decisions.

“We are proud to be part of the Coupa App Marketplace and a trusted CoupaLink technology partner. We look forward to our relationship with Coupa to further help customers transform their supply chain operations.”

Using the Avetta app, Coupa customers can check supplier compliance status in real-time within the Coupa platform. The integration helps companies manage operational, reputational and regulatory compliance risks by identifying high-risk vendors within their supply chain. Avetta provides critical decision-making data that will help decrease risk events within an organization.

Latest Fintech News: 68% of Consumers Believe Racism is Present in US Financial and Credit Scoring Systems: Zest AI Survey

With the application, procurement, safety and sustainability executives using the Coupa BSM platform can see risks in their supply chain inside Coupa. The Avetta solution provides the following benefits:

• For clients, it provides a unified platform that manages risk across safety, liability, workforce qualifications, sustainability & ESG, diversity, financial health and cybersecurity programs.
• For suppliers, it reduces time and cost by demonstrating their superior business qualifications to many clients from a single system.
• For workers, it offers a central workforce portal to digitally store their required job roles, training, competencies and certifications.

Members on the Avetta network outperform industry standards and improve on safety measures 7-8% per year after joining, reducing administrative expenses on average by 75%.

“With operational, reputational and regulatory compliance risks throughout the supply chain, the need for Avetta’s holistic view of the entire supply chain is imperative now,” said Roger Goulart, executive vice president of Business Development and Alliances at Coupa. “We’re proud to have Avetta on the Coupa App Marketplace to give our customers even greater visibility into their entire supply chain to reduce a multitude of critical risks.”

Latest Fintech News: Logan Cross-Chain Bridge Is About to Launch Version 2.0 With a Brand New Asset and Information Cross-Chain Solution

As a certified CoupaLink solution, the Avetta app meets the requirements established by Coupa through its CoupaLink Partner Program and is available in the Coupa App Marketplace. The CoupaLink Partner Program enables software partners to build complementary solutions that easily connect into the Coupa platform. Customers benefit by discovering and connecting solutions to optimize their business spending and minimize business risk while reducing the cost of third-party software integration.

“Connecting Avetta technology into the Coupa Business Spend Management Platform gives our customers streamlined supply chain risk management data to make decisions to decrease risk throughout the supply chain, improving safety, sustainability and business continuity,” said Jitesh Chanchani, SVP Alliances at Avetta. “We are proud to be part of the Coupa App Marketplace and a trusted CoupaLink technology partner. We look forward to our relationship with Coupa to further help customers transform their supply chain operations.”