Spend Management Platform Coupa Expands Cash Visibility Features

Business spend management solution provider Coupa Software has added new innovations to its Coupa Treasury product, aiming to give companies better visibility into their cash position and cash projection. 

This will expand Coupa’s platform, which provides a complete view of spend and cash across treasury, finance, procurement and supply chain, according to a Monday (Aug. 22) press release. 

“Because our technology spans across all spend activity happening in the back office, we can unlock visibility into transactions that a treasurer previously would not know about, sometimes into upwards of millions of dollars,” Coupa Treasury Global Vice President Tamir Shafer said in the release. 

PYMNTS’ research has found that real-time cash flow management and forecasting is a top digital B2B payment friction for businesses, as 26% of financial institutions said this is a problem area for their corporate clients when paying their suppliers, and 7% said it is the most important problem. 

Read more: ‘Seeing Is Believing’ for Corp Clients When It Comes to Cash Flow and Liquidity 

In its release, Coupa noted that cash visibility is especially important during fluctuating markets and uncertain economic times.

“Whether companies need to quickly dial down spend when disruption hits, fund growth to scale the business or incentivize ethical supplier behavior, treasury teams require full visibility into transactions across all back-office functions in order to accurately forecast cash,” Shafer added.

More features are planned for Coupa Treasury, including advanced integrations between payments and procurement processes and artificial intelligence (AI)-enabled insights based on anonymized global spend data, according to the release. 

Last year, Coupa SVP Product Strategy Rajiv Ramachandran told PYMNTS that both buyers and suppliers are looking for one “unified experience,” with visibility from purchase order to invoice.

See also: Re-imaginging Business Payments Could Give Buyers/Suppliers a ‘Unified Experience,’ Payment Experts Say 

Ramachandran said it’s been important to break down silos within companies, where processes have been manual and inefficient, and where capturing data flows across the buyer/supplier continuum has been critical. 

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