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Coupa integrates AmEx virtual card in platform

American Express and Coupa have announced that Coupa’s business spend management (BSM) platform now will include the American Express virtual card as a payment option.

The partnership, unveiled at the Coupa Inspire’19 EMEA conference at the O2 Intercontinental in London, will give businesses the opportunity to better manage supplier payments, with the solution becoming available to corporate customers in the UK and Australia later this year, and in the US in mid-2020.

American Express’ corporate customers will benefit from increased security through virtual card payments, reduced fraud, visibility into the full payment process, automated invoice matching and reconciliation, and tracking to help manage cash flow, as well as servicing and supplier onboarding support from both Coupa and American Express.

Dean Henry, Executive Vice President of Business Financing & Supplier Payments at American Express, commented: “Our priority is to seamlessly unify the buyer and supplier-customer experience and as part of this mission, we seek to partner with innovative companies who help to make electronic business payments easier.”

“Coupa’s cloud-based BSM platform rates high on usability so it’s no wonder they have a fast-growing customer community. Coupled with the unprecedented backing, service and security from American Express, we’re combining the best of both brands so that our mutual customers can benefit from a better electronic payment experience.”

When paid with American Express virtual cards, suppliers will get paid quickly, with great visibility into their payment details, through the Coupa BSM platform. Once the business’ eligible American Express account is tied to Coupa Pay, virtual cards can automatically be sent to authorised suppliers.

JR Robertson, Vice President of Coupa Pay at Coupa, noted that American Express is a strong partner to help drive simpler, smarter and faster payments.

“We launched Coupa Pay to fix the fragmented business payments process because we knew there was a better way for buyers and suppliers to interact at this critical step,” Robertson said.

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