Stocks on the move: FL, GPS, AMAT >>> READ MORE

7 Lesser-Known Tech Stocks That Will Make You Rich

Mega-cap tech has led the market's rally in 2017. But outsize returns for the next decade will come from these little-known gems.

    View All  

Lesser-Known Tech Stocks to Buy: Coupa Software (COUP)

Lesser-Known Tech Stocks to Buy: Coupa Software (COUP)Market Cap: ~$1.6 billion

All companies try to cut costs at some point, but it’s difficult on several fronts. Difficulties include things such as compliance issues and damage to the customer experience.

But growth in technologies like AI and machine learning have bred ways to get lean without harming a company’s long-term prospects. This is the focus of Coupa Software Inc (NASDAQ:COUP), whose cloud platform for spend management includes more than 3 million suppliers across the globe.

The approach is called “Value As a Service,” which includes typical items such as procurement, invoicing and expense management for employees. But Coupa also has gone much even deeper, providing services for sourcing, contract management, inventory and supplier management. All these items can have a major impact on a company’s bottom line.

An important catalyst is the recent expansion of a partnership with Amazon Business. Coupa can now leverage the massive base of e-commerce shoppers by making it easier to make purchases based on spending and budget controls.

Tom Taulli runs the InvestorPlace blog IPO Playbook and operates, which provides year-round tax services. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC