Cash & Liquidity ManagementPaymentsClearing & SettlementCoupa Software, Nvoicepay partner on digitised supplier payments

Coupa Software, Nvoicepay partner on digitised supplier payments

The launch of Coupa Payments will digitise supplier payments and automate payment processes for US organisations.

Coupa Software, the cloud-based business spend management platform, has launched Coupa Payments to digitise supplier payments and automate payment processes. The solution leverages a CoupaLink app from supplier payments and electronic invoicing specialist Nvoicepay to paying all supplier invoices, domestically and internationally, through the same unified process flow.

Coupa Payments creates a paperless world where almost every supplier regardless of size or location is securely paid electronically and customers enjoy reduced accounts payable (AP) costs, increased visibility and stronger supplier relationships. US organisations can use the new service to make payment to suppliers in a total of 170 countries using 140 different currencies.

Coupa Invoicing provides invoice images and ok to pay information to Coupa Payments. Once payment is made, Coupa Payments sends back information that the invoice was paid. The Coupa Open Business Network notifies the supplier via short message service (SMS) text, email, and/or the supplier portal. The supplier determines which notification option(s) work best for them and they get them all with no supplier network fees.

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