Core Insights - Sprout Social is utilizing Coupa's AI-native total spend management platform to enhance spend management analysis and improve financial visibility across its operations [1][2] - The partnership aims to streamline procurement processes and drive operational efficiency, allowing Sprout Social to gain better control over its spending and growth [2][3] Company Overview - Sprout Social is recognized as a leader in cloud-based social media management software, serving approximately 30,000 brands with its platform [6][7] - Coupa is the leader in AI-native total spend management, leveraging a dataset of $8 trillion and a network of over 10 million buyers and suppliers to automate the buying process [5] Operational Efficiency - The integration of Coupa with Sprout Social's ERP has eliminated manual data entry, reducing operational issues and fiscal anomalies [3] - Coupa's solutions are designed to enhance procurement practices, providing Sprout with visibility into all lines of spend and improving overall efficiency [3][4] Strategic Growth - The collaboration between Sprout Social and Coupa is positioned to unlock the full potential of total spend management, driving transparency and impactful business outcomes [4] - Coupa's platform supports Sprout in implementing effective controls and monitoring spending abnormalities, thereby streamlining indirect procurement and accounts payable processes [3]

Core Viewpoint - Paylocity Holding (PCTY) has experienced a 6.8% decline in share price over the past three months, underperforming compared to the broader market and its industry peers [1][2] Client Base Stability - Despite macroeconomic pressures and high interest rates, Paylocity maintained stability in its client base during Q3 of fiscal 2025, with workforce levels slightly up year over year [4] - Over 25% of new business was generated through channel referrals, indicating strong partnerships with benefit brokers and financial advisers [4] Product Expansion - Paylocity's ongoing product expansion, including AI-powered tools and third-party integrations, has led to an increase in average revenue per client [5] - Recent product launches include embedded background checks and an AI assistant for policy and compliance inquiries, enhancing user experience [5] Financial Performance - In Q3 of fiscal 2025, Paylocity reported recurring and other revenues of $421.1 million, reflecting a 15% year-over-year increase, and total revenues reached $454.6 million, up 13.27% year over year [6][7] - The company exceeded revenue expectations for the third consecutive quarter and raised its full-year guidance [7] Future Guidance - For fiscal 2025, Paylocity expects total revenues to be in the range of $1.58-$1.585 billion, indicating approximately 13% year-over-year growth [8] - The Zacks Consensus Estimate for fiscal 2025 revenues is pegged at $1.58 billion, suggesting a year-over-year growth of 12.88% [10] Investment Outlook - Despite a cautious market environment, Paylocity has maintained a stable client base and continues to grow average revenue per client, supported by strong execution across sales and operations [11]