Monday 1st July, 2019
Coupa Software has teamed with leading digital wallet provider PayPal under its Coupa Pay offering. The partnership will enable businesses with a simple way to pay suppliers through PayPal, empowering its buyer and supplier community to pay smarter together.
“Businesses work with suppliers of all sizes, each with a diverse set of payment needs, yet their AP teams have lacked the capabilities or solutions to meet those needs,” said Ravi Thakur, senior vice president of business acceleration at Coupa. “That’s why we’re thrilled to have PayPal as another option for Coupa Pay. As a leading global brand and payments innovator, PayPal will provide our community of buyers and suppliers the flexibility, simplicity, and security they need to pay and get paid smarter.”
Businesses will soon be able to connect their PayPal business accounts to Coupa to have even more flexibility when paying PayPal-enabled suppliers, creating a simple and inclusive experience for buyers and suppliers.
Gartner predicts that by 2020, nearly 20 percent of an organisation’s workforce will be temporary labour. As businesses rely more heavily on temporary and contract labour to augment their workforces, their AP teams will need the freedom to seamlessly pay contingent workers using their preferred payment methods, such as PayPal, without compromising security.
"We are excited to hear about this announcement with our mutual partners Coupa and PayPal,” said Jonathan Carter, IT manager of solutions architecture, Wacom Technology Corp. “As forward-looking companies look to digitise their payments strategy, this innovative partnership will help make payments faster and simpler for companies like Wacom."