Log in

Coupa announces new innovations for Coupa Pay

Thursday 11th July, 2019

Coupa Software has announced new innovations under its Coupa Pay offering as well as a strategic partnership with global payments technology provider TransferMate.

These announcements deliver on Coupa’s vision of creating a comprehensive cloud platform for businesses to spend smarter, simpler, and safer at every transactional step of their Business Spend Management strategy.

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.

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 Sinead Fitzmaurice, CEO at TransferMate, a Taxback Group company. “Our payments technology has been selected by some of the world’s leading banks, including Wells Fargo, ING, and AIB, and we are now delighted to collaborate with Coupa.”