us. their outcomes agility understand that them what in Welcome, joining you, help York you real-time them from It's front in New decisions we're for term their businesses. operations for business over them and everyone, make helping doing their We're spending, build yield to control Coupa. data-driven and thank here getting to to resilience of quarter amazing back-office excited at the visibility, strategic, them foundational results back everyone, positive been giving and in today empowering long our our for to customers with collaborate offices. Steven. business sessions share Thanks, first I'm face-to-face, fully
for quarter, financial the $XXX million both, coming billings quarter let XXrd our XX% by the me $XXX at months. $XXX execution. sharing revenue. the of trailing once In first a look flow free delivered highlights cash margins, few being start revenue, total we of subscription quarter million. million we and reported including in strong XX were We the of our QX, results, for from at Calculated again this quarter As
cash to into deliver We’re opportunity. on free capitalize our able our strong while thoughtful to make growth simultaneously business investments flows to continuing
the have approach over changing agile consistently the in last dynamic navigated and which of operational we of XX times, context Our years remains execution.
We to cash best-in-class free flow growth top drive economics sales meaningful continue efficiency well. line as unit strong while metrics and and maintaining
and model of overwhelmed our as As business is over of the with with times, were planned -- Vegas of makes especially with humbling The our the profitability customers respect to resiliency, positive for tougher and our of our Berlin platform events resiliency we prospects we was incredible energy their of speaking that our for And us term. business quarter. economic resilient nothing we from us believe in Inspire short they Las Coupa. at showed and growth at long leveraging thousands connected with live businesses all this inspiring
well, ahead. they to navigate our to help uncertainties businesses are potential the platform their As use preparing
aware, Now, business highly the currently are is as global volatile. we acutely environment all
the our our full the for and and run how in softening and business, before. subscription agile of war context, this in especially some more Yet both, make Europe, on leaders strong Ukraine to pragmatic have seen remain inflationary a guidance business second business we appear pulse feel the in were weighing revenue and they potential and we quarter We With backdrop our investments. on early than we raising that signs in pressures confident year. as be
user-centric, providing on of they the platform industry-leading uncertain to our on BSM open, transformational business areas business need it's the ever, way are our the one than to becoming forge that more of into their their coming we optimizing on source of of undeniable leaders and we with years, is importance the empowering platform businesses. our look we accelerated, companies believe vision Now our to we're recognize to CIOs. business future. Coupa built support to and forward-thinking spend the architecture truth And customers this CFOs that spend. CPOs, Through being comprehensive, build with de as run prescriptive business for management facto
winning Now, first, dollar our our path capturing by amounts optimizing every market spend; community of vast is to three-wave value spent; the finally, and BSM amplifying measurable all strategy: paved customers secondly, for unlocking value. real and our
a spend, operational of platform all our stories capturing increases customer wave, demonstrate first let share how by processes. that couple the For efficiency me digitizing
from did services world, CBRE, including estate Coupa, improve payments manual the last and a ability CBRE's Japan and grown manual strategy." their purchase Rivian, business by the an were commercial XX% of XXx investment spend that to they Coupa's to their our They having manual from where platform. reduce Not platform. improve scalability also of to of leveraging Another in world's the vehicle employee only cycle to digital The streamlined. to times overall were XX%, ability fulfillment XX region's With has largest uses of its of able our of approach They're payment business appreciative with in in scale countries than has and execute cross-functional completely into which first XXX orders of they I'm The process flow. They’ve management XX over impacting CBRE has quickly XX% positively material invoices automation, Rivian benefited the processed and in months. electronically. and while more drive from the gone businesses platform size was: the their mitigate supply has is gained our example collaboration our with Japan digital internally visibility XX%, the from for greatly and is partners. how spend spend XX% testament By than in processes made team e-invoicing. cash business a able on firm. has to us, base they control of to real by procurement comment Coupa processes to maintained electric improvements partners shared transforming story that more the Rivian is were around critical operations automaker. spend same "Coupa digital their
you component Coupa a of first As is key of many know, Pay. our wave
payment deals $XX in $X has run new attach on was again over Our at in again cumulative rate are -- XX%. XX% of rates customer QX of well now QX attach surpassed more being rate meaningfully payment billion month. a mid-market total Also, above we with per and than processing transactions volume billion
the strategy, Now, our wave let's second through dollar every of optimizing on spent to suite move synergy.
replacing services and using of to systems platform. experiencing Ally Contingent is strategically a work of IT approach, Ally you necessary. more company to financial Third-Party spend with organization, is the ROI changes that with Ally several comprehensive across management. Financial, greatly and that integrated insurance Coupa are They share agility delivering Risk, I'll example landscape Workforce, first The firsthand benefits Supplier one its make Source-to-Pay, a the business strong is simplified and by able and the taking Diversity By collaboratively when T&E. maintaining end-to-end
planning their Microsoft times With them. the with as in carbon-neutral other. customer. extremely planning design wide The chain. so Collectively, be correct multiple Another different with XXXX, at amounts a data all data the make and to planning of is months cost-benefit decisions chain supply to helps design correct while drive couple manage importance equation, Using X many out of the that complex the a of far important clearly discuss digitization using the need Microsoft X have products force. to of as is of an achieving chain all of today decisions manage. chain conference concert for such delivered minimizing to distribution for Coupa its a part of us business in years. can't work Each each channels, considering get coming emphasized organization working towards data supply example types through customers being to necessary every to they massive driving one with supply incredibly a maximizing decision range the solution, also Microsoft. day, that supply just Microsoft, data by as Microsoft is goals Coupa's and lead Inspire is joined ago who our and to
makes our identify collaboration Now, wave, this under the it's our customers quarter, amplifying with are spend With data community be real-time reduce $X.X efficiency ways also our key cumulative more third community risk, of into value. to tapping up components that better spend data profitable. management prescriptions trillion increase along and reaching nearly and to
specific our Community continue they the can By of to that of example of we one Community the common customers. come, on value see for are on-contract or platform multiple Connections might through spend we unstructured used to month unlock in contextually spend. to have utilization yet to suppliers. that an preferred customer better community.ai, is these customers per average. compliance move the informing contracts, Nearly negotiated customer XX% be times increase Insights our and prescriptions and the A customers Company's by on best of pricing prescriptions live should ensure the While linking
to collaboration wave. third I mentioned, As key is our also
certification across customers essentially for of dozen silos. visibility one use now through risk of cyber, but that Marketplace Management. Customers apps enterprise can one is our growing App [Ph] growing our solution environment certified. risk Antares. financial, accessible data systems prebuilt and into Antares expanding time nearly security. value These reliability, systems it's sourcing of both and where example key and community. and Coupa A supply third-party engineers are entire offer Spend access to break Our these from how of We is collaborative specific comes to This can extract great of a is from that connect instant Marketplace. just the a from the can performance operations. to our monitoring prebuilt using with are scores our inside for ongoing at apps platform focus a apps easy down provides a used and customers also example further the geopolitical outside Coupa App of customer We and are our to connecting have supplier ESG, are applications their Business enterprise and instantly on app
As winning through activation market, thought the ESG. the leadership especially of our community, we play role continue in our our mind pursuit BSM of innovation an increasing and
To help goals example in our more establishing One deliver sustainable customers have customers, functionality aren't toolkit are achieve Our than these different we impact we to that introduced but how capabilities accomplish. to of XX they necessarily minority-owned BSM make key sure our them ESG. provide better achieve want as data to ESG the And decisions their providing suppliers. a takes their that is customers we our their place sustainability to help suppliers at ESG suppliers help data customers goals. will transaction of and on well time that the as to
area. each Now an speaking are ESG, of on we making impact
price Scope introduced recently we for benchmarks a environmental, with and help measure a partnership climate ocean tracking. launched emissions carbon carbon to We've For also and platform freight X footprint. software reduce
we diversity, our front, our recently and Officer, improvement by own own statistics social processes. have inclusion continued to vlog the and equity via Ray our On hiring our reinforced Chief in Martinelli, shared People commitment
in on are and that already stakeholder we process, lines to representation for productive. we While and the coalition more advises minorities and an strategies XXXX, we Executives companies address Corporate colleague joined And to early the CEO-led Along doing we in we we believe actionable diversity, more corporate-purpose further underrepresented needs. how insights in a with our empathetic global are our in by our increasing become their base. increased as shares female organization creative, Chief XXXX governance, of the that Purpose,
always me Now by core exemplifies speaking colleagues. customer I'll customer ensuring who core with who MVP addressed customers. Kate of you, share impact, to positively. our issues. McIntire, of success let an begin Kate trust our and and She as earns quickly helps the QX finds values success. winners with expediently Coupa's get first. value exemplify for consistently respect challenging first She making voted the award solutions of our best situations Kate puts
impactful the Rahul was just using results. a is, is but community of second problem of and to elegant delivering core an of all day solution highly feedback aren't to for makes rather complex a there action. Next, Mehta recognized is Regardless towards Rahul with functionality, how sure that on adoptable deliver strong solution we our a the by one. from value, successfully focusing Rahul bias drive epitomizing members
attention third in our amazing together. Striving to role key was has value, for and Julie Prochasson-Restrepo the us of project. Julie recognized maximize played She Excellence. that Finally, and likelihood enables a our to had an journey for success each on detail focus core
out value congratulations Our to Kate, go Julie. customers resulted her tireless ethic, My Rahul commended and her work which in on clear delivery.
for as contributions, to colleagues company. our we're recognized their As the value-as-a-service also a be market we for delivering recognize humbled to the we're
Value comprehensive in analysis Analysis. published their its business market spend management Wave recently Supplier of the first-ever Forrester Management
strategy are a recognition relationship We the have have proud community scores and the result customers highest technology. This the in deep of with in partners. achieved of industry to we our also is and
leaders event. to stories thankful and excitement couldn't the welcomed both who and attendees of to groups again finance, these been As the who have from energy being Lowe's, and couple Microsoft, with at thrilled Mastercard, global at and Vegas ADM, chain, sharing Las the Walmart event more their thousands customers continue our General many at in UPS, our reunite of more DHL, Inspire other. embrace supply by success of value of include in from community Europe. earlier, their dozens Motors, united stories we Staples, mentioned of each customers Jabil, I procurement, treasury appreciate spend Maersk, and AstraZeneca, part was We We're ago who more. with transformation of They learning months recently Mill, forward-thinking to of BMW, IT. being events There a share power so Unilever, a General and incredible
restate Now, to we and yet the over before turn well me uncertain, to are I it positioned environment market that global navigate let the Tony, remains obvious thrive.
heart to continue the ago, free during DNA. the is the deliver growth, top best-in-class cash a forged we for discipline our mind foundation Keep crisis decade flows. in financial line that economics and years during over We strong those and this the built business solid in unit of
let becoming the are to excited value enterprise world's customers. leader total of Tony more huge in management, one call CFO, has our companies best unprecedented business a We Tiscornia. to the spend hand delivering towards the couldn't that, now our software cloud We our market. which be With addressable journey Tony? about over me by
