CPO Strategy

Coupa Pay: How American Express and Coupa will transform supplier payments

payments

As one of the leading providers of BSM solutions, offering a comprehensive, cloud-based BSM platform that connects hundreds of organisations with more than five million suppliers globally, Coupa Software constantly looks to provide greater visibility into and control over how companies spend money. This makes its most recent announcement, that it has partnered with American Express to implement the American Express virtual Card as a payment option within its leading BSM platform, something of a no brainer in its quest to simplify the payment process. 

The new payment integration with Coupa Pay, a set of payment and financial solutions within the Coupa BSM platform, is expected to first be available to American Express Corporate customers in the United Kingdom and Australia in late 2019 and the United States in mid-2020. The partnership will give businesses the ability to better manage supplier payments.

Businesses will be able to use American Express virtual Cards to pay suppliers for spend that goes through the Coupa platform. Once the business’ eligible American Express account is tied to Coupa Pay, virtual Cards can automatically be sent to authorized suppliers.

Additional benefits from this integration include:

  • Businesses who prefer American Express will benefit from increased security through American Express virtual Card payments, reduced fraud, visibility into the full payment process, automated invoice matching and reconciliation, and tracking to help manage cash flow. American Express customers will also receive servicing and supplier onboarding support from both Coupa and American Express.
  • When paid with American Express virtual Cards, suppliers will get paid quickly and benefit from great visibility into their payment details

“We launched Coupa Pay to fix the fragmented business payments process because we knew there was a better way for buyers and suppliers to interact at this critical step,” said JR Robertson, vice president of Coupa Pay, Coupa. “American Express, an iconic, global payments brand that believes in helping their customers thrive, is a strong partner to help us continue driving forward our mission. Together, Coupa and American Express will empower businesses around the world to pay simpler, smarter, and faster.”

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