was Hello hope from and back and weekend safe everyone. what welcome Labor I Steven. for enjoyable Thanks, Day a
continued such driven the Caribbean very Avient, of our gross the We in management Royal and financial North their revenue chose by In Let best and quarter XX% for our key spend. an on second to XX% XX% And optimize performance million a in spend operating quarter. we performance new focus enterprise and our efficiency market, $XXX a LinkedIn margin by saw we and operating delivered profitability, representing delivering execution. margin, ROI XXth platform quarter, growth for XX% billings, metrics customers America XX% sharing gross business subscription illustrate as of total an year-over-year QX, $XXX margin million strong the subscription demonstrated that strong few me begin in with calculated subscription respectively.
noting continued that softer. to it's be European in very worth remains strong, North While America demand demand
Now, and at earlier business debated year progress going a well. we our to colleagues, of or forward, ever encouraged the in holistically training, pipeline we is a and and whether continues macroeconomic soft the recession sales looking ramp question are unemployment largest this that added market to respect continues new some most into for when enablement to we the Spend recent data, Index by our headed The landing? are in broadly Our topic be interesting insights inflation. with provides Business our
of we signs prices. in and shows The an travel. as some others. in contraction as of in prices, uptick Just example, pre-pandemic to Yet fallen. signs the areas underlying growth rather effect But net fare have towards demand significant seen has certain businesses of despite the not projected levels in increased air increases returning of progress data has potential
insights, exploring broader again Spend suggest I For our once Business spendindex.com. Index on
of business come as have managing to pride know, Now, we on you with many discipline. ourselves our
dynamic, the by contemplated agree Coupa. This I'm prosperity a have so is all of of our of across and philosophy out foundational how to is We during strong and management macro as element can leaders has yet sure current industries during plays ambiguity being known. that highly as businesses is the done That become contraction. times be of environment and well stewardship approach we globally. picture times
there what scenarios could our are a current articulate and take execution, in demand we by several uncertainty, of the isolate mean area. moment this share For Coupa, If that variable thoughtful, future thinking out. let play disciplined we me to
continue this remains to as with we The the growth, always, will scenario, relatively healthy. for first be economy invest scenario balanced and that softer would a thoughtfully the and profitability. environment landing, In experiences demand
recession a possible. course, is Of
the in enter In more an we spending flows. increased will increased to budgets scenario scenario, cash are at moderate and that our levels. spend significantly extreme we another would we in appropriately, this So profitability investments that IT resulting near-term. cases, be In environment prepared show impacts discipline
the aside, business Now, spend leader we're clear management. proudly in near-term scenarios
market ever revolutionize in as seen and Our before. massive pursuit underpenetrated. and And never is market, customer we're addressable this like total excited to success deliver our
discipline to it me Speaking Service benefit who lot. and us now of as a a of our have -- X,XXX customer thousands success, and solutions. have need let well to prospects from over we Coupa Value customers and with BSM use seek They partner
with examples customers one, It's to our scalable investing through capturing wave so Wave of configurable all and me in spent. capture of transactional in context core. strategy. course, transformation, that, is strategy spend And our of some three the all let BSM highly share done a
The pre-approved, I'll services XX% They of improvements, ProPetro, is is enable efficiencies platform implemented spend, controls. company. they now an electronically invoices. Coupa orders the to growth-oriented first initiatives. and example them focus freeing are and increase that of they spend capturing share of By the to processing process oilfield visibility have their their of and and their XX% control purchase on XX%
timely by of are keep in GL their processes more while payable Talos line. three personnel processes assigning spend our overnight dedicated XX/X. one run procurement Coupa strategy Another action reporting for their platform the leads their shortages, months and our now receipts, reduce posting delivery and wave weekends times vulnerable company customers. implemented cycle stated, visibility and missed Talos let and our was and required drilling nights our orders accounts in and operations to procurement control Energy requires able verify operational examples orders. smoothly our bottom operations Manual duplicate to resulting to energy overages, accruals. XX%. These automate invoice costly Their helps just support inventory running and XX codes in to Previously, company or platforms
avenue into We travel our integrated a the synergistic and It To cards the much, more payment payment spend. also In total in for easier from as cumulative customers our end, value. visibility related of provides release Integrating it to reached our streamlined Let travel few me improved approximately wave. quarter virtual incremental we a recent into that our platform. reimbursable unlock more. through most T&E to nearly cards and share to app another come virtual made our release, tickets, to volume volume continue first manage We customers into offering increase also by XX% enhancements much XX end, we That's allows drive additional this total billion our quarters. two unused to mobile September online. expenses. nearly
and the power our user every Many their synergy. suite. me let by applications to optimizing second Now, wave spent on of efficiency through leveraging our within dollar suite customers which maximize savings is move strategy, of our
Coupa One these container procure process and They digitized Danish logistics a their is companies of Maersk, multinational supplier procurement are and using entire and risk management sourcing pay, to for shipping business. auctions, optimization. utilizing are their With sourcing optimization identified just several about bidding is savings potential savings, Maersk for reverse where $XXX efficiency. it's by shippers not over million It giant. of
their is fuels point is now resulting to has spend With in to needs goal SaaS, only proud impact easy for what data cover negotiations weeks. under journey the Maersk. We it Since technical were achieving XXXX. strategy: from the supplier generating neutrality customers $X.X value. year. which trillion help the and truly people be the very thrilled also platform. other of We're driven carbon of many Maersk business Maersk ever and spend of relatively more Maersk have their said, We from per winning part seven wave of this Coupa, with amongst it’s get support The than of expanding it's technology cumulative humbly your in are sustainability of our you running, to can auctions our a our community, by view. thousands leveraging management comment. community through up amplifying platform of third actually to and They appreciative
areas: broken the through Coupa recall, as and collaboration As component. spend, of of amongst data learning, and the community.ai of members; pooling such be the Advantage; machine you the with pooling can and AI customer intelligence may brainpower three pooling community into
data I'll time. suspicious the real Spend fraud pooling to of business share spend Guard technology third protection learning in how customer's This machine example quarter, area, flag utilizes a an AI and solution Spend and automatically Guard our leverages of transactions prevention. for and this analyze
me reports payment a through expense from European Group. that Salling the is annually. group a real POs Salling made. platform invoices, large a share a retail diverse upon example and let they thousand our invoice life implementing halted customer could be before processes So Guard, Immediately, several hundred Spend duplicate
uptime, money is is catch of it days on to to have. importance our can't issues It before their must Coupa three of Within back a account. AI important these from community having Now, saves investment. customer's emphasize one said, wasn't lost them a This recover bank leaves cash. has who it paid leaders I how
edit company this electronic globally of invoicing or employees suppliers save spend, certain of non-compliant more solutions recognized Another over tens purchase than purchase Guard helped with identifying costs In prior withdraw them of that By or example of allowed is XX Spend a their XX,XXX them. incurring to any year, to Guard in a countries. provider orders orders Spend millions dollars. less than
name the develop to wave what our user-centric, the our our a just in days vision the our will iceberg course And area that becomes prescriptive, become of third is the This the by exemplified the I've as as underscored can strategy, in continue community.ai more in we this of envision. comprehensive, solutions of scale by the three we are delivering still before, of Service as as mentioned community.ai stand and valuable areas of and true open, tip only platform strategy this fully accelerated. wave Value Now, for more at and is early we realized. letters which Coupa, vision These do.
Gautam above determining values, meaningful as effective XX% and core Technology I'll who the the that value best first that his approach Sunil conveyed where beyond -- of us of a success. start quarter's helping groups least colleagues by switching at won they Now typically across save each best ensuring solving award team, our time. selected for when valuable highlight players, and understanding our represent with across represent exist, and core are from He's value to me Sunil who incredibly our His to this have our Support regions. goes let most problems them. so colleagues. contributions to at developer's others
goes for team, that improvements. of multiple allowing the been automation Operations yielded improved collaborative that Bonnie He of Ho promote from above and our not Marketing platform has value for time core won our Bonnie enabling community. tremendously and from customers driving in environment of Next and an workflow She's our passionate platform. contributions for have focusing core and continuous winner our Sells bring our security, automating partners for effort her certainly second dedicated into and Jake's least, on is improvements third Support results. agility, colleagues. Channel turn Coupa award our team our put significant is Last forth excellence. events, helps on the to which platform colleagues. value with beyond Jake effective Cloud has to more the co-led but to a key striving more Jake us the effort
at Place month our that it special As the has for her Great Coupa, to the values. three to globally and to that which certified that are right time, XX% Great customers -- the Sunil, Bonnie you, of right ensures job, survey and foundation Coupa just values, our core respondents money, we're the We're certified and embodying revealed proud to really the thank culture again last excels employee Place Bonnie been at Work which Work. saves each from core ascribed products. introduced a Jake, Congratulations, the as lay being developing of once
that also by we recognized do for third other great still to dictates We obviously Fast as core Innovators. were board. that. we plan have do to our get on just efforts a a Company our Now, And -- to as continue value Workplace the work X% Best to recently
a a on a We're And Companies to stronger stronger earned building build to we platform, something position XXXX Additionally, software here. reports, work really special the company, Software tirelessly and stronger of list. a leading we'll Top XXX community. continue
to our you before Now, on with aware let mission of second our statement Corporate the me potential do power anchored customers' a report, close, of in page the make can our share and trillions are good, is well spend, that in we smarter of belief mission shared be of Through Sustainability ESG which I'll you. our our full I business found to do together. dollars unlock annual website.
over ever. the hand managing I is call Tony, drive me and to important than let to increased savings, emphasize now business more Before that spend profitability agility,
these Together, forefront. that, and platform CFO, through customers help over can the our of me we ROI times. turn demonstrable Tony? to the With Tiscornia. moving and a let rightfully community with solutions navigate Our are measurable call leverage the our uncertain our the Coupa Tony to to strength
