BNP Paribas’ Virtual Card is now available in Coupa and provides customers with a powerful business payment experience.
BNP Paribas and Coupa have announced the availability of the BNP Paribas Virtual Card as a payment option within Coupa’s leading business spend management (BSM) platform. The new BNP Paribas payment integration with Coupa Pay, a set of payment and financial solutions within the Coupa BSM platform, is now available. The partnership will give businesses the ability to better manage supplier payments.
Using the BNP Paribas Virtual Card solution in Coupa Pay is easy. Businesses will be able to use BNP Paribas Virtual Cards to pay suppliers for spending that goes through the Coupa platform. Once the business' eligible BNP Paribas account is tied to Coupa Pay, Virtual Cards can automatically be sent to authorised suppliers.
As one of the leading banks in the Eurozone and a prominent international banking institution, BNP Paribas is strongly rooted in Europe’s banking history. It also provides state-of-the-art banking solutions to its client, including Virtual Card and supply chain finance solutions. The new partnership offers a win-win-win situation for the joint customers, for BNP Paribas as well as for Coupa.
Situated in the heart of Europe, BNP Paribas will especially be able to help European Coupa clients to utilise the benefits of Coupa Pay.
“We developed Coupa Pay to improve the business payments process and help our customers to pay simpler, smarter, and faster. It is exciting that this is now also possible using BNP Paribas virtual credit cards” said Udo Gruenhoff, vice president of Coupa Pay EMEA, Coupa.
Additional benefits from this integration include:
- - Businesses that prefer BNP Paribas will benefit from increased security through BNP Paribas’ Virtual Card payments, reduced fraud, visibility into the full payment process, automated invoice matching and reconciliation, and tracking to help manage cash flows.
- - BNP Paribas customers will also receive servicing and supplier onboarding support from both Coupa and BNP Paribas.
- - When paid with BNP Paribas Virtual Cards, suppliers will get paid quickly and benefit from enhanced visibility into their payment details.
Commenting on the partnership, Karim Bennaziz Houmane, Global Head of Commercial Cards Sales, BNP Paribas said, "The ability to use BNP Paribas virtual cards within the Coupa Pay module enables our corporate customers to benefit from an End to End procurement solution for their indirect and direct spending. This integrated solution enables corporations to generate additional process savings when paying suppliers and financial benefits, amongst which extended payment terms are becoming even more critical for customers’ cash optimisation”