COUPA ’ S AI INNOVATIONS
As announced at Coupa Inspire 2024 , the company is further augmenting its solutions with further AI innovations .
Contract Intelligence This tool helps teams prevent revenue loss and make faster and more informed decisions . It uses AI to analyse and extract key data , enabling users to load third-party contracts and create records automatically . Contract amendments can be tracked comprehensively and more effectively , which helps reduce risk and cut hours of manual work .
Purchase Order ( PO ) Collaboration Intelligence Implementing this intelligence keeps businesses running and increases supply chain resiliency by reducing lead times , expediting troubleshooting and improving delivery performance . It uses AI to automate order change requests by processing emails to generate PO confirmations .
Coupa Navi AI Agent Navi is a genAI-based AI agent that provides real-time support and guidance helping procurement teams make smarter decisions faster . Coupa Navi AI agent guides users through intake and purchase requests , auto-populates forms , creates personalised dashboards , surfaces key data and insights , and speeds up approval cycle times .