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.
Replace traditional p-cards and automate reconciliations by automatically tying completed payments to transactions.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Learn how companies can increase back-office efficiency, reduce bank fees, and maximize rebates with Coupa Pay Virtual Cards.
Learn how procurement and payments go hand-in-hand and the steps to a unified approach to payments.
Learn about the journey from finance team member to CFO by taking the lead in enabling an organization to improve risk management and operational efficiency, especially with procure-to-pay (P2P) processes.