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Coupa's strategic sourcing software is designed to improve sourcing productivity and integrate sourcing into the broader procurement ecosystem to accelerate time-to-value, drive savings, and increase overall efficiencies. It supports four event types — RFx (RFI, RFQ, RFP), English reverse auctions, Dutch reverse auctions, and Japanese auctions — with templates and automation tools to get to market quickly. Advanced mathematical optimization enables buyers to run multiple scenarios with expressive bidding, and completed sourcing events flow directly into contract lifecycle management to maximize savings capture.