Q: What did Coupa announce today?
A: Coupa announced today that it has acquired the technology assets of DCR Workforce, a leading provider of contingent workforce management and services procurement software.
A: Based in Boca Raton, Fla., DCR Workforce is a leading provider of contingent workforce management and advanced services procurement software.
Q: Who is DCR Workforce?
Coupa Services Maestro makes it easy to manage basic SOW-based services.
DCR Workforce augments Services Maestro.
DCR Workforce provides advanced contingent workforce and services management capabilities.
A: According to Forrester Research, on average, 58 percent of companies’ non-payroll spend is on services, yet businesses lack the visibility and control to ensure this spend is compliant and the best use of company dollars.
Q: Why did Coupa acquire DCR Workforce?
DCR Workforce will build upon Services Maestro to provide an advanced solution for the full lifecycle of the sourcing and management of contingent workers at scale within the Coupa BSM Platform.
A: According to Forrester Wave1: “Global spending on services procurement solutions will approach $700 million in 2018, primarily in the form of SaaS subscription fees.” More importantly, over $2.7 trillion was spent on human-based services in the U.S. in 2017.
Q: How big is the total addressable market (TAM) and market opportunity for Coupa?
The combination of Coupa and DCR Workforce is expansive by looking at both SOW-based and contingent labor spend.
1 Forrester WaveTM: Services Procurement, Q1 2017
A: DCR Workforce will build upon Coupa Services Maestro, Coupa’s simple and foundational SOW-based services capability that enables companies to requisition, procure, and track delivery of services. DCR Workforce functionality will be unified into the Coupa BSM Platform to provide the world’s most comprehensive BSM platform that can seamlessly handle simple to complex services.
Q: How will Coupa integrate DCR Workforce functionality into the Coupa BSM platform?
A: The new offering will be called Coupa Contingent Workforce.
Q: What will the new offering be called?
A: Coupa Services Maestro makes it easy for anyone in your company to requisition, procure, and track delivery of basic SOW-based services.
Q: How does DCR Workforce augment Coupa’s existing SOW-based offering (Coupa Services Maestro)?
DCR Workforce provides advanced capabilities, enabling you to source and manage contingent workers and complex services at scale. This involves sourcing the right contingent workers, procuring their services, and onboarding and offboarding them in an easy, secure, and compliant way.