Coupa expands partnerships with payment providers

Coupa has announced the expansion of its cooperation with payment providers. The company offers an integration with online payment platform Stripe and cooperates with digital wallet provider PayPal. Both collaborations focus on the Coupa Pay service.

The cooperation with PayPal should enable companies to easily pay suppliers via PayPal. “As a leading global payment brand and innovator, PayPal provides our community with the flexibility, simplicity and security that buyers and suppliers need to pay and pay smarter,” said Ravi Thakur, senior vice president of business acceleration at Coupa.

Soon, companies will be able to link their corporate PayPal accounts to Coupa.

Stripe

In addition, a collaboration with Stripe has been announced. The online payment platform is integrated into Coupa’s Pay solution. This should make virtual card payments easier and faster for companies using Coupa’s BSM Platform.

Thakur argues that the company transforms business payments with the integrations, by removing complexity and interweaving payments into the spending processes of companies. “We are pleased to further simplify the vendor experience by connecting Coupa Pay with Stripe,” says Thakur. “This reduces the labor-intensive alignment of virtual card payments by suppliers, increases their operational efficiency and helps them to get paid faster.

The integration with Stripe will soon make it possible for vendors to register their Stripe account with Pay as their preferred option for virtual card payments. In this way, the seamless processing of a payment becomes possible. If a virtual card payment is sent by Coupa to a supplier registered with Stripe, the payment is transferred directly to the supplier’s bank account, without human intervention.