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Coupa and American Express Expand their Partnership to Offer Simplified Payment Options to Businesses

By: Banking CIO Outlook | Tuesday, November 24, 2020

The demand for American Express Virtual Card payment with Coupa Pay keeps growing across the U.K. And Australia, with consumers streamlining how they pay suppliers for all spend that goes through the Coupa Business Spend Management (BSM) Platform.

Fremont, CA: Coupa and American Express are expanding their relationship to the next level. U.S.-based consumers can now use American Express Virtual Cards as a payment option with Coupa's Business-to-Business (B2B) Payment Solution, Coupa Pay. This news builds on the initial availability of American Express virtual Cards in the U.K. and Australia. It simplifies old-fashioned, complicated, and inefficient payment processes for businesses around the world.

The demand for American Express Virtual Card payment with Coupa Pay keeps expanding across the U.K. And Australia, with consumers streamlining how they pay suppliers for all spend that goes through the Coupa Business Spend Management (BSM) Platform. As more businesses seek to accommodate remote workforces in the coming years, expanding to the U.S. will better meet the demands of consumers who require a virtual way to pay the vendors and ensure the smooth functioning of their company.

"With Coupa Pay, Coupa and American Express are making it easier for our joint U.S. customers to thrive in this challenging environment by empowering them to pay using virtual Card technology. Now, every transactional step in the business spend management process can be done smarter and simpler," said JR Robertson, vice president of Coupa Pay at Coupa.

It's simple to use the American Express Virtual Card solution in Coupa Pay. Once an eligible American Express account is connected to Coupa Pay, virtual cards can automatically be sent to licensed suppliers. They can be used for fast and simple payment for in-demand goods, allowing greater visibility into payment details.

"Our expanded partnership with Coupa is the latest step in our strategy to accelerate investments in the B2B payments space to better serve our customers and offer best-in-class digital payment solutions," said Trina Dutta, vice president and general manager of B2B Payments Automation, Global Commercial Services at American Express.

Additional advantages of this integration include:

• Extended pre-approvals for card spend, which enhances transparency into spend across the organization.

• Enhanced security when paying vendors using virtual card technology that generates a unique American Express Card number for each transaction.

• Increased visibility into the full payment process while automating invoice matching and reconciliation to boost performance.

• Optimized payments and greater visibility into payment details for suppliers.

• Use of the card's payment cycle to better handle working capital for buyers.

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