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.

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.

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.

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.

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.

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.

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.