COUPA

• Company
• Specifications
• ​​​​​Corporate payments 
• Cash Visibility
• Fraud & Cybercrime

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With nearly $1.5 trillion of cumulative spend under management across its global customer base, Coupa offers all businesses – from Fortune 1000 companies to the world’s fastest growing organizations – the visibility and control needed to manage costs, mitigate risks, and scale for growth in one comprehensive and open cloud-based platform. With the extensive data flowing through Coupa, Community Intelligence uniquely offers real-time benchmarks and best-practice prescriptions that are tested against the measurable outcomes of companies around the world.

Coupa’s Business Spend Management (BSM) Platform empowers finance and procurement leaders to spend smarter and tap into the collective wisdom of the Coupa Community. Join us to upend your spend today.

For more information, visit www.coupa.com​

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FEATURED SESSIONS

CASH FORECASTING

CORPORATE PAYMENTS

FRAUD PREVENTION

CASH POOLING

BANK CONNECTIVITY & FORMAT CONVERSION

Coupa Treasury Key Capabilities

Cash and Liquidity Management

• Real-time visibility into the financial status of the entire group
• Determine internal or external funding requirements
• Universal access to long- and short-term cash positions
• Detailed planning reports and plan comparisons to extract valuable conclusions

Risk and Exposure Management

• Clear view of group-wide exposure
• Monitor all instruments and keep an eye on credit facilities
• Risk modeling and key financial data analysis
• Centralized funding and hedging tools and reports

Debt and Investment Management

• Manage all debt and investment positions
• Gain clear financial views of group-wide client relations
• Manage FX, interest and liquidity risk centrally and locally
• System notifications of maturity dates and interest rate fixings for floating-rate contracts

Bank Connectivity and Payments

• Connect to most banks worldwide using SWIFT, H2H or domestic communication standards
• Enter and process domestic and international payments, fully-integrated and automated
• One platform, one login, one password – all banks
• Company-wide protection with secure approval process with multiple approval levels

Forecasting

• Accurate and group-wide forecasting tools
• Liquidity planning which includes all sources and uses of cash
• Consolidate multiple subsidiary forecasts into regional and global plans
• Drill down into forecasts to understand the drivers of cash forecasts

Reporting

• Easy organization, calculation and charting of data
• Flexible financial status reporting across all tracked financial assets and liabilities
• Automated email distribution based on predefined schedules
• Custom reports based on your needs

Intercompany Netting

• Automate intercompany invoice reconciliation and matching
• Centralize and reduce FX exposure and funding needs
• Benefit from payment, ERP and accounting system integration
• Structured, integrated dispute management

In-house Banking

• Group-wide, mobile and real-time financial status of all members of the corporate group
• Straightforward POBO/ROBO processing and payment centralization
• Manage, document and evaluate treasury transactions with banks or group companies
• Manage virtual intercompany accounts for all subsidiaries

​Security, Fraud and Compliance

• Dedicated cloud service with 24/7/365 oversight
• Multi-stage approval process for group-wide transactions
• Two-factor authentication with mobile connectivity
• Fraud protection with vendor verification and artificial intelligence

Empower Payment Security with a Multi-bank TMS
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Fortifying Payment Security with a TMS
We examine a typical international company that has several subsidiaries with treasury departments that have only a few staff. This company faces the major challenge of capturing complex data and at the same time meeting extensive payment security requirements. 

Chaos vs. visibility

• ​Companies without system support
• Companies with a multi-bank TMS
  
  

Payment Security Vulnerability: Various banking tools vs. centralized payment platform

• Companies without system support
• Companies with a multi-bank TMS

Payment Security in Treasury – At a glance:

• Companies without a TMS
• ​Companies with a multi-bank TMS​ 

​Read more>

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How to Solve the 4 Main Payments Challenges

Coupa Treasury consultants have collected years of experience working with implementation projects, scoping workshops, and much more of hands-on experience working with real treasurers. One topic of which is payments and payment implementation projects. We have gathered some of the key questions they have addressed over the years.
​Here are some key challenges we have noticed. 

• ​#1 payments challenge: a complex set-up
• #2 payments challenge: fraud and cyber crime
• #3 payments challenge: cost
• #4 payments challenge: new banking partners

​Read more>

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SWIFT gpi: Innovation in Global Banking
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Inscrutable networks of banks and reference banks for processing cross-border payments stand in the way of treasurers achieving efficiency and transparency. 
The SWIFT gpi (global payments innovation) project addresses this issue by offering a new and fast method for processing and tracking payments. Information about banks and financial institutions involved, transfer and crediting times, reference IDs as well as specific fees is available in real time.

​We take a closer look at the project: 
Where do we currently stand? How does an integrated solution benefit treasury? And how will this innovation impact treasury?
Challenges in cross-border payments

• Time: Traditional cross-border payment orders can take several days from being released to being credited – way too long for efficient cash management.
• Transparency: Several correspondent banks can act as intermediaries between the bank initiating the payment and the beneficiary bank – an impenetrable banking jungle that causes treasurers sleepless nights for security and compliance reasons.
• Tracking: Today, treasurers neither know where a specific payment is located nor when it will be credited to the beneficiary – an incalculable business risk and a situation that often leads to time-consuming queries, trying to chase a payment.
• Remittance data: Remittance data is often altered somewhere along the line or information is lost. Sometimes the amount eventually credited to the account does not match the initial payment order because correspondent banks have deducted fees, resulting in a tedious reconciliation process once the money has arrived.

​Read more>

Defining 6 Core Cash Management Challenges and Solutions
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1. Lack of forecasting speed and quality
2. Redundant system and bank volume
3. Tedious manual and error-prone processes
4. Settlements or transactions in multiple currencies
5. regulatory changes
6. standardization, centralization and automation

Read more>

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Cash Management and the Role in Treasury

Cash management is arguably the most important treasury management discipline. For many treasurers, this doesn’t even merit an extra mention. However, cash management is a complex subject that can potentially make or break a company; it does deserve a more detailed examination. What is cash management and how can I find the optimum setup for my business?
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• Everyday cash management responsibilities
• Short-term liquidity
• Cash flows and cash positioning
• Managing surplus funds
• Procuring financing
• Gathering information
• Data optimization and efficient distribution of work: collaboration and cash management
• One sole platform for everyone: accuracy and visibility
• Knowledge directly from the source: optimized distribution of work
• Strategic planning and decision-making
  
  

Read more>

6 Vendor Fraud Prevention Tips (Infographic)

Without proper prevention strategies, fraud can be costly and difficult to detect. We look at the best way of preventing this.

Read more>​

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Payment Fraud: Assessing and Responding to an Escalating Threat
Know what you're up against to develop fast, effective responses to cybercrime in treasury

Your Role in Managing Payment Security
To guard organizational liquidity effectively, treasury bears a responsibility to keep watch over all elements that affect payment security, even if those elements don't fall within treasury's mandate. To lead your organization's tactics, you must stay on top of news in the war on fraud. Our recent eBook in collaboration with Strategic Treasurer can help.

Download the eBook and you will:

• Better understand the current situation and threat levels of various types of fraud
• Recognize common areas of vulnerability
• Explore tactics for constructing a solid defense

Download here>

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Navigating your way through Cybersecurity
Take stock of your cyber defenses and play an active role in preventing and mitigating cybercrime in treasury

Understand What "More Secure" Means to You and Map Your Journey There
Cybercrime is everywhere, and it’s evolving. This guide helps treasurers like you take action to protect your organization’s “crown jewels” and create a secure technical environment as well as day-to-day processes. Learn more about what you can do now and how the right partner can help.

After reading this guide, you'll know:

• How to manage user access and why it’s important
• What goes into a secure technical environment
• How process optimization supports secure, compliant operations

Download here>