back Back

Coupa and Goldman Sachs launch B2B payments solution

By Gloria Methri

April 17, 2023

  • B2B Cross Border Payments
  • B2B Payment Solutions
  • Business Payments
Share

Goldman Sachs, Coupa, a specialist in Business Spend Management (BSM), and Goldman Sachs Transaction Banking (TxB) have announced a joint initiative to simplify payment processes between businesses and their global supply chains.

Payments between businesses are often fraught with operational challenges that are costly, onerous, and inefficient. Through this collaboration, Goldman Sachs TxB and Coupa hope to enable customers to easily make payments, including domestic, cross-border, and foreign exchange (FX) payments to 124 currencies, across 167 countries.

The business payments solution from Goldman Sachs TxB and Coupa offers:

  • Fast Integration: API-led integration leads to real-time and transparency of data exchange
  • Quick & Convenient Payments: The ability to make payments within the Coupa experience allows for streamlined processes
  • Enhanced Cross-Border Payments: Offering SWIFT GPI to track payments from end to end and increase efficiencies throughout the payment process

“We are collaborating with Coupa to further innovate in the world of payments through smarter and seamless solutions that provide a consumer-like user experience to our customers,” said Brinda Bhattacharjee, Head of Product, Transaction Banking at Goldman Sachs. “This collaboration allows us to unlock additional value for global businesses looking to modernize their payments processes and increase visibility for both buyers and suppliers.”

“Optimizing cost while reducing risk is core to delivering maximum value to Coupa customers. Our collaboration exemplifies Coupa’s focus on innovation and driving success for our customers,” said Raja Hammoud, Executive Vice President of Products at Coupa. “Enhancing the Coupa platform with Goldman Sachs TxB capabilities will further streamline and centralize payments for customers and their suppliers around the globe. We are excited to transform the world of business payments from complex and slow to simple and fast.”

Previous Article

April 17, 2023

Intergiro and Incharge unveil banking app for students in Europe

Read More
Next Article

April 17, 2023

Nomo partners with ADCB & Al Hilal to bring digital banking to UAE

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

B2B Cross Border Payments

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 19, 2024

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

July 19, 2024

LTIMindtree extends multi-million-dollar contract with Absa Bank

Read More

July 19, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024