Coupa Rounds Out Offering With Launch Of B2B Payments Capabilities
Summary
Spend management company Coupa has entered the realm of B2B payments. Companies can obtain a discount when they pay their invoices using the tool, while suppliers will accept these electronic payments because it means they get paid faster, Coupa noted. “The rise of globalization has created the need for cross-border payments, which has led to an increase in both the complexity of supplier payments and the efforts of accounts payable teams,” Coupa stated. The firm’s vice president of strategy and product marketing, Donna Wilczek, said the electronic B2B payments tool can strengthen working capital management for customers, too. Meanwhile, Nvoicepay CEO Karla Friede said strengthening its partnership with Coupa means the firms can “more tightly unify the data process” in accounts payable between their two solutions.
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