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.
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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The Commodity Futures Trading Commission (CFTC) has named the former director of its Whistleblower Office, Brian Young, as its director of enforcement.
The appointment was announced Friday (Feb. 14) by CFTC Acting Chairman Caroline D. Pham, according to a CFTC press release. Young had been serving in an acting capacity since Jan. 22.
“He is a fearless leader that will build an even more impressive enforcement program that will stay true to the CFTC’s mission to protect the American public from fraudsters and scammers,” Pham said in the release. “I am confident that under Brian’s leadership, the CFTC will expand and scale our resources to help more victims than ever before and ensure the integrity of our markets in the name of justice.”
Young joined the CFTC as director of its Whistleblower Office in 2024, according to the release. During his first year in that role, Young oversaw a team that achieved an all-time high number of annual dispositions of whistleblower award applications.
Prior to joining the agency, Young was with the Department of Justice for nearly 20 years, most recently as acting director of litigation for the Antitrust Division, the release said.
Before that, Young served in various roles in the Fraud Section of the Criminal Division, including chief of the Fraud Section’s Litigation Unit, per the release.
While at the Department of Justice, he successfully tried criminal fraud and manipulation cases in the CFTC’s markets, according to the release.
“I want to thank Acting Chairman Pham for her confidence in me and for her commitment to continuing the CFTC’s aggressive efforts to protect our global commodity markets from fraud, manipulation and other abusive practices,” Young said in the release.
The White House said in a Wednesday press release that it sent to the Senate nominations for Brian Quintenz to be chairman of the CFTC and a commissioner of the CFTC for a term expiring April 13, 2029.
Quintenz is a former commissioner of the CFTC and now works for the cryptocurrency unit at venture capital giant Andreessen Horowitz, PYMNTS reported Wednesday (Feb. 12).
The commission is expected to gain new powers over the cryptocurrency sector.