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Coupa Pay

Transactional Payments
and Early-Payment Discounting

A One-Stop-Shop for B2B Payments and Financing

Coupa Pay

Transactional Payments
and Early-Payment Discounting

A One-Stop Shop for B2B Payments and Working Capital Solutions

Pay Smarter Using Coupa's Business Spend Management Platform

Coupa addresses the challenges of manual processes and disparate systems with an all-in-one payment management solution to completely digitize the payment process. Part of the leading solution for Business Spend management (BSM), Coupa Pay gives companies a truly end-to-end Procure-to-Pay process.

AUTOMATE PAYMENTS AND RECONCILIATIONS


Replace traditional p-cards and automate reconciliations by automatically tying completed payments to transactions.

REDUCE RISK OF ERROR AND FRAUD


Automate access control, payment batch creation, and approvals while using Coupa's user controls and separation of duties to reduce error and fraud risk. Avoid misdirection of supplier payments by leveraging supplier remit-to details and bank account due diligence.

Optimize Working Capital


Integrate early payment discount offers into the PO process to drive adoption, maximize card rebates, and leverage card billing cycles to let cash managers maximize discounts and rebates while getting more flexibility to conserve cash.

Product Features

ONE PLACE FOR PAYMENT VISIBILITY AND ACCESS CONTROL

Give finance teams one single solution and one simple interface that spans various payment rails, such as virtual cards, which improves access control and visibility into payment timing and cash impact.

Feature 1

EASIER DOMESTIC AND CROSS-BORDER INVOICE PAYMENTS

Sending digital payments to suppliers, both domestic and cross-border, is now easier than ever with Coupa Pay. Create payment batches and execute payments across rails including bank transfer, virtual cards, and digital checks to reduce manual work, errors, and fraud.

Feature 2

STREAMLINE PAYMENT RECONCILIATION

Coupa helps with payment reconcilation by linking the payment (card, check, bank transfer) against the document (PO, Invoice Payments). Companies can be confident in their reconciliations without the manual work.

Feature 3

MINIMIZE COSTLY FEES

Avoid errors and bank fees with a single payment process for all payments spanning all payment rails. Optimization of batching and rails helps you avoid high cost-rails and minimize fees. Using bank transfer, even for international payments, can help cut out intermediaries and their transactions. Furthermore, we offer a spot FX rate at the time of payment batch release, and if a user does not like the FX rate or wishes to pay another way, they could send a virtual card.

Feature 4

MAXIMIZE REBATES WHILE MAKING CARDS "TOUCHLESS" FOR AP

Drive more spend onto virtual cards without the overhead of traditional P-Cards to maximize the benefits of rebate programs. Customers have the option to pay suppliers with one-time-use virtual cards at the time of PO to avoid on-boarding and reduce AP invoice volume. In cases where invoices are necessary, customers could also pay invoices via virtual cards, driving even more spend onto their virtual cards and maximizing rebate programs.

Feature 5

Virtual Cards

MAXIMIZE RETURNS FROM EARLY-PAYMENT DISCOUNTS

Drive supplier adoption of early-payment discount programs by embedding offers directly into supplier POs and letting suppliers set lasting discount preferences, giving Treasury maximum flexibility to either pay early to realize discounts or stretch DPO to conserve cash. Utilize Accelerate with Virtual Cards to use the credit card statement float to fund the acceleration.

Feature 7

Streamline Employee Reimbursements, Reduce Fees

Extend the use of bank transfer with Coupa Pay to employee T&E reimbursements in order to execute payments and reconciliation while reducing unnecessary wire fees.

Feature 6

Report

BENCHMARK REPORT: 12 KPIS IN BUSINESS SPEND management

How do you compare to global industry leaders across 4 core BSM processes? Explore how to measure your source-to-contract, procure-to-pay, and expense management success.

Benchmark Yourself

Before Coupa Pay, there were many time-consuming steps that our team had to take to pay our suppliers. With Coupa Pay, the process is now much simpler and we’ve gained time back to focus on more strategic projects that are valuable to the business.

Alison Bussett
Senior Director, Accounting and Controller, Odonate

Before Coupa Pay, there were many time-consuming steps that our team had to take to pay our suppliers. With Coupa Pay, the process is now much simpler and we’ve gained time back to focus on more strategic projects that are valuable to the business.

Alison Bussett
Senior Director, Accounting and Controller, Odonate