{"id":384950,"date":"2020-11-19T08:04:08","date_gmt":"2020-11-19T13:04:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384950"},"modified":"2020-11-19T08:04:08","modified_gmt":"2020-11-19T13:04:08","slug":"coupa-business-spend-index-reveals-that-business-spend-sentiment-is-improving-but-remains-below-trend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/coupa-business-spend-index-reveals-that-business-spend-sentiment-is-improving-but-remains-below-trend\/","title":{"rendered":"Coupa Business Spend Index Reveals that Business Spend Sentiment is Improving, but Remains Below Trend"},"content":{"rendered":"
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Data shows companies are adjusting to the “new normal”, spending more in areas related to remote work and contingent workforce<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n SAN MATEO, Calif.<\/span>, Nov. 19, 2020<\/span> \/PRNewswire\/ —\u00a0Today, Coupa Software (NASDAQ: COUP) published the findings from its Business Spend Index (BSI), Q4 2020 Outlook. The Coupa BSI analyzes billions of dollars of aggregated and anonymized business spend decisions across Coupa’s platform, often serving as an early indicator of macroeconomic health over the next three to six months. The Q4 Outlook shows that business spend sentiment improved over the prior quarter (an increase of 6 percent), but overall confidence is still well below trend.<\/b><\/p>\n

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Following a quarter of modest improvement in corporate spending, the Coupa BSI suggests that businesses are continuing to adjust to the new normal and are beginning to return to pre-COVID spending levels, albeit at a slower rate than in the prior quarter. Though still cautious about the global economic outlook, businesses are spending more in areas related to remote work, such as technology, shipping and freight, and contingent workforce support. <\/p>\n

Data from the past quarter shows the following year-over-year changes in business spending:<\/p>\n