Coupa partners with HSBC to offer virtual cards

Thursday 13 January 2022 10:06 CET | News

Coupa Software, a Business Spend Management platform, has partnered with HSBC under its Coupa Pay offering.

Commencing with virtual cards, the collaboration will provide European companies with access to a secure way to manage payments as part of their Business Spend Management strategy.

Virtual cards help businesses get full visibility and control into pre-approved spend and streamline reconciliation, helping finance and procurement teams be more efficient and productive.

Using Coupa Pay with HSBC, companies can reduce friction and improve efficiency in Accounts Payable processes. They can generate insights on company-wide spend to make better decisions, manage risk more effectively, and optimise liquidity and working capital in a cost-effective way. Virtual cards also help to enhance corporate responsibility and supply chain resilience, by supporting smaller suppliers, safely sourcing from new vendors, and establishing operations in new markets.

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Keywords: product launch, spend management, partnership, accounts payable, supply chain finance
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech