Coupa Announces New Innovations for Coupa Pay
"For far too long, businesses have been forced to deal with a complicated and labor-intensive payments experience, and we purpose-built Coupa Pay to address this challenge," said
Seamless and Secure Digital Payments Globally
Research shows that 50 percent of companies are still paying their suppliers manually, and 40 percent of business-to-business payments in the U.S. are still done by paper check.1 Today's dynamic, global environment requires businesses to move and transact quickly, both domestically and abroad. Yet with so many different payment rails – each requiring its own unique ERP connection and manual authorization process – Accounts Payable (AP) teams are inundated with time-consuming, tactical work to manage these transactions.
With Coupa Pay Invoice Payments, AP teams are now empowered to efficiently transact in one secure step, seamlessly, through a wide variety of payment options, including domestic bank transfer, cross-border payment, and digital checks. With this solution, companies can now orchestrate and govern their end-to-end payments processes with a unified platform, thereby reducing manual work, compliance risk, and fraud.
"Moving invoice payments to Coupa was an easy decision for Odonate as we work to unify all of our business spend and payments processes within one unified platform," said
Innovative Partnerships to Pay Simpler
In partnership with TransferMate, one of the largest global payments technology providers, Coupa Pay will now offer payments technology and access to TransferMate's domestic payments capabilities across dozens of countries as well as cross-border payments in more than 100-plus countries and currencies. TransferMate's regulatory money movement rails are seamlessly connected with Coupa Invoice Payments providing businesses with a global, unified platform to manage their payments.
"TransferMate's payment technology, combined with Coupa's best-in-class BSM platform, provides customers with a comprehensive global payment experience, delivering cost savings, increased speed, and immediate reconciliation," said
This is one of a number of innovative payments partnerships that Coupa will announce at its Inspire'19 conference, each aimed at empowering buyers and suppliers to spend and pay smarter together.
1 Strategic Treasurer, 2017
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Stefanie Gordish, firstname.lastname@example.org, 415-590-9722