Pay in Procure-to-Pay means sending your suppliers money. With multiple payment methods, disparate systems, and manual processes, payments can be complex. Coupa Pay provides one integrated system to easily manage your payments and early pay discounts right from the Coupa Business Spend Management (BSM) platform.
Streamline operations with touchless invoicing and automatic payment reconciliation using virtual cards and digital payments.
Reduce risk, increase control, and simplify approvals in one integrated experience that provides an easy way to manage user permissions and access.
Improve spend visibility and maximize bank rebates by driving more spend through virtual cards and increase savings with Early Pay Discounts.
You can't control what you can't see. Gain visibility into transactional spend and payment data including payment timing and cash impact across all your payment rails including virtual cards, digital checks, and bank transfers in one integrated experience.
Sending digital payments to suppliers, both domestic and cross-border, is easier than ever. Create payment batches and execute payments across multiple payment methods including bank transfer, virtual cards, and digital checks right from the Coupa BSM platform.
Increase efficiency and eliminate manual invoices with automatic payment reconciliation which links the payment (card, check, bank transfer) against the document (PO, Invoice Payments). Reduce supplier onboarding effort with virtual cards.
Reduce total cost of ownership including costs to add or switch financial partners with one system to make payments. Minimize IT effort to maintain payment infrastructure via one set of APIs that integrate with your ERP. Automatic reconciliation reduces errors thereby reducing bank fees for failed transactions while simultaneously optimizing payment batches to further reduce transaction costs.
Driving more spend through virtual cards maximizes the benefits of rebate programs, such as additional rebate tiers, as well as increases spend under management via Coupa's supplier onboarding. Virtual cards limited to an approved PO amount replace uncontrolled p-cards not tied to budgets providing greater spend control. One-time-use virtual cards can be issued within your supplier POs or can be used to pay approved supplier invoices.
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. When used with Virtual Cards, the credit card statement float can be used to fund the acceleration.
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.
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Learn how Odonate Therapeutics, a global life sciences company, used Coupa Pay to replace manual processes and enhance cancer research.