Coupa to offer HSBC Virtual Cards to European Businesses
The demand for new and safe B2B payment methods continues to grow as more companies adopt remote work policies and continue to fight fraudulent activity on traditional payment rails. Virtual cards help businesses get full visibility and control into pre-approved spend and streamline reconciliation, helping finance and procurement teams be more efficient and productive.
"We're thrilled to welcome HSBC to the fast-growing Coupa Pay global partner ecosystem that is empowering European businesses to create more modern payments processes," said
Using Coupa Pay with HSBC, companies can reduce friction and improve efficiency in accounts payable processes. They can generate insights on company-wide spend to make better decisions, manage risk more effectively, and optimize liquidity and working capital in a cost-effective way. Virtual cards also help to enhance corporate responsibility and supply chain resilience, by supporting smaller suppliers, safely sourcing from new vendors, and establishing operations in new markets.
"At Saga, our investment in Business Spend Management is helping our finance and procurement teams work better together," said
To learn more about Coupa Pay, visit https://www.coupa.com/products/pay. To read more about how Coupa can help your company achieve greater visibility into business spend, visit https://www.coupa.com/.
Coupa is the cloud-based Business Spend Management (BSM) platform that unifies processes across supply chain, procurement, and finance functions. Coupa empowers organizations around the world to maximize value and operationalize purpose through their business spend. To learn more about Coupa, visit www.coupa.com or follow us on LinkedIn or Twitter.
About HSBC Virtual Cards
HSBC's Virtual Card programmes help corporations of all sizes to streamline expense management and payment processes both at home and overseas.
Flexible, secure, digital solutions make payment processes more efficient, provide rich data and flexible reporting capabilities, and ensure that individuals and departments remain compliant with procurement policies. HSBC's Corporate Cards enable corporations to manage working capital more effectively whilst helping to maintain good supplier relationships through prompt payment. HSBC's Corporate Cards also help support corporations' environmental, social and governance (ESG) objectives by digitising payments, and are underpinned by HSBC's extensive international network, expertise and capabilities.
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