American Express Expands Virtual Card Footprint With Coupa Pay Integration
November 06 2019 - 4:05AM
Business Wire
American Express’ virtual Card technology will
soon be available in Coupa to provide customers with a simplified
business payment experience
Today, American Express and Coupa announced the availability of
the American Express virtual Card as a payment option within
Coupa’s leading business spend management (BSM) platform. The new
payment integration with Coupa Pay, a set of payment and financial
solutions within the Coupa BSM platform, is expected to first be
available to American Express Corporate customers in the United
Kingdom and Australia in late 2019 and the United States in
mid-2020. The partnership will give businesses the ability to
better manage supplier payments.
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the full release here:
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“Our priority is to seamlessly unify the buyer and supplier
customer experience and as part of this mission, we seek to partner
with innovative companies who help to make electronic business
payments easier,” said Dean Henry, Executive Vice President of
Business Financing & Supplier Payments at American Express.
“Coupa’s cloud-based BSM platform rates high on usability so it’s
no wonder they have a fast-growing customer community. Coupled with
the unprecedented backing, service, and security from American
Express, we’re combining the best of both brands so that our mutual
customers can benefit from a better electronic payment
experience.”
Using the American Express virtual Card solution in Coupa Pay is
easy. Businesses will be able to use American Express virtual Cards
to pay suppliers for spend that goes through the Coupa platform.
Once the business' eligible American Express account is tied to
Coupa Pay, virtual Cards can automatically be sent to authorized
suppliers.
“We launched Coupa Pay to fix the fragmented business payments
process because we knew there was a better way for buyers and
suppliers to interact at this critical step,” said JR Robertson,
Vice President of Coupa Pay, Coupa. “American Express, an iconic,
global payments brand that believes in helping their customers
thrive, is a strong partner to help us continue driving forward our
mission. Together, Coupa and American Express will empower
businesses around the world to pay simpler, smarter, and
faster.”
Additional benefits from this integration include:
- Businesses who prefer American Express will benefit from
increased security through American Express virtual Card payments,
reduced fraud, visibility into the full payment process, automated
invoice matching and reconciliation, and tracking to help manage
cash flow. American Express customers will also receive servicing
and supplier onboarding support from both Coupa and American
Express.
- When paid with American Express virtual Cards, suppliers will
get paid quickly and benefit from great visibility into their
payment details.
More details of this partnership and availability of the
integration in specific geographic markets will be shared when
available. To learn more, American Express Corporate customers
should contact their American Express representative or call the
number on the back of their Card.
About American Express
American Express is a globally integrated payments company,
providing customers with access to products, insights and
experiences that enrich lives and build business success. Learn
more at americanexpress.com and connect with us on
facebook.com/americanexpress,instagram.com/americanexpress,linkedin.com/company/american-express,
twitter.com/americanexpress, and youtube.com/americanexpress.
Key links to products, services and corporate responsibility
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responsibility.
About Coupa Software
Coupa Software is a leading provider of BSM solutions. We offer
a comprehensive, cloud-based BSM platform that has connected
hundreds of organizations with more than five million suppliers
globally. Our platform provides greater visibility into and control
over how companies spend money. Using our platform, businesses are
able to achieve real, measurable value and savings that drive their
profitability. Learn more at https://www.coupa.com/. Read more on
the Coupa blog or follow @Coupa on Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20191106005108/en/
Felicia Mowll, 212-640-1709 felicia.a.mowll@aexp.com
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