Business spend management software vendor, Coupa Software, has introduced new online platform capabilities designed to help improve siloed back-office functions, so that businesses can make better spending decisions.

The platform updates include:

The CFO Dashboard: Finance leaders can enable more informed control costs measures by showing in-flight spend transactions and trends and improve cash flow and drive savings.

Supply Chain Prescriptions:  With the power of AI, users can prioritize which supply chain scenarios to design, and improve sustainability.

Purchase Order Collaboration: Buyers and suppliers can increase  visibility into spending when placing new or changing current orders.

Parallel Approvals: Businesses can enable shortened cycle times, improve user experience, and reduce delays when buying critical items and services.

The Scope 3 Travel Emissions Dashboard: Customers can measure carbon emissions for business travel and better track progress on sustainability goals, and benchmark against others in Coupa’s community.

Supplier Diversity Data: Businesses can make progress on their supplier diversity goals with data extending through more of the Coupa platform.

Coupa says businesses are being forced to make hard decisions and cut costs where possible and, unfortunately, many are turning to layoffs. But as recent data has shown, proper visibility and digitization of the back office can prevent such measures from being taken, with 52% of CFOs reporting digitization will increase profitability.