NORWALK, Conn., Jan. 8, 2013 /PRNewswire/ -- LogicSource, a leading sourcing solutions firm, today announced a new partnership with Coupa Software, the leading provider of cloud-based spend optimization solutions. Through the partnership, the two companies will co-market the LogicSource OneMarket® Sourcing Solutions Suite and Coupa Software's best-in-class procure-to-pay (P2P) solution. The offering will provide customers with the broadest and deepest solution for managing corporate spend on direct and indirect commodities and services.

In September 2012, LogicSource announced significant enhancements to its OneMarket Technology Suite, adding digital asset management, dynamic publishing and business analytics modules to OneMarket Buyer, the core engine of the platform that is currently being used to manage LogicSource clients' spending. Through these additions, OneMarket now provides a unique concept-to-customer workflow that enables seamless communication from conception through project management to supplier production – reducing weeks of go-to-market time and eliminating manual approval processes.

Coupa empowers companies to reduce costs by providing actionable insight into operational spend using an integrated cloud platform. With an intuitive user interface, Coupa increases employee adoption and encourages employees to participate in cost-cutting initiatives.

"Our partnership with Coupa is a natural fit since we both focus on driving cost savings through efficiency, transparency and seamless organizational integration," said LogicSource general manager for OneMarket, Sam Vail. "The combination of Coupa's cloud-based spend optimization platform and OneMarket's solutions for marketing production and the procurement of highly specified categories of goods offers customers a compelling choice."

"Customers across a wide variety of industries – retail, consumer packaged goods, finance, insurance, travel and leisure, and healthcare – will soon reap the benefits from the LogicSource and Coupa partnership," said Roger Goulart, vice president, business development and alliances at Coupa. "We let organizations fully optimize their spend with a cloud-based platform that's very consumer-like and easy-to-use. Our goal is to make procurement and finance professionals ultimately successful, which means they save their companies money and contribute to the bottom line."

About LogicSource and the OneMarket® Sourcing Solutions Suite

LogicSource is a sourcing solutions firm that focuses on driving measurable and sustainable cost savings and uses an innovative risk/reward approach in which it shares the benefits of the savings it creates with client partners. OneMarket® is LogicSource's Sourcing Solutions Suite that currently manages the direct and indirect commodities and services spend for some of the world's most recognizable brands, including retailers, consumer products companies, charities, investment banks and insurance companies. LogicSource and its OneMarket® team are headquartered in Norwalk, Conn. For more information visit: http://logicsource.com and http://www.logicsource.com/what-we-do/technology/.

About Coupa Software

Founded in 2006, Coupa Software is the leading provider of cloud-based spend optimization software. More than 300 customers in 40 countries use Coupa purchasing and procurement software to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a true cloud procurement application that enables customers to launch the solution rapidly and quickly realize significant savings. Learn more at: http://www.coupa.com or call 650.931.3200. Read more at our company blog, Making Cents, or follow @Coupa on Twitter.

SOURCE LogicSource