Why Coupa Spending Index May Be a Leading Indicator of Growth

Indicators regarding the health of the U.S. consumer, such as personal spending. why a recession may start, I would cite growing policy uncertainty, with areas of uncertainty around trade being.

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Today’s leading and lagging indicators just aren’t enough. For a better prediction, look to data on how companies are spending, coupa ceo rob bernshteyn writes.

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The Coupa Business Spend Index (BSI) analyzes spend data in the Coupa Business Spend Management (BSM) Platform, which has cumulatively processed more than $1 trillion of business spending. It shows trends in business spend sentiment, which are a leading indicator of economic growth over the next three-to-six months.

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Why it is important: The CCI is an important leading indicator for traders to follow, as strong consumer confidence, which means people feel their standard of living is increasing, may lead to higher spending. When consumers spend more, the amount of money being injected into a national economy increases, leading to economic growth.

SAN MATEO, Calif., April 25, 2019 /PRNewswire/ — Coupa Software (NASDAQ:COUP), a leader in business spend management (BSM), today announced the launch of the Coupa Business Spend Index (BSI), a leading indicator of economic growth based on current business spending decisions of hundreds of businesses.

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The leading economic index jumped 0.4% last month to cap off a summer of high readings, the Conference Board said Thursday. “The August gain is consistent with continuing growth in the U.S. economy.

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Launched the Coupa business spend index (BSI), a leading indicator of economic growth based on current business spending decisions of hundreds of businesses. The Coupa BSI is a 100% behavior-based index based on three key spend factors: (1) average rate of spend approval/rejection, (2) average time to approve spend decisions, and (3) average.

Why Coupa Spending Index May Be a Leading Indicator of Growth "Coupa’s rate of new supplier enablement is a leading indicator of comparative network growth." Customers using Coupa’s open business network [tm] can allow suppliers to choose the connection.