be The first to get paid with banner bank dynamic discounts
Message from Peter Conner, Chief Financial Officer, Banner Bank
Banner Bank is partnering with Coupa to launch a new digital invoice, payments, and purchase order program to help ensure our vendors receive prompt payment. This program shortens the payment cycle by depositing payments directly into your bank account, issuing a digital check or virtual credit card. Additionally, you may track and manage all your accounts receivable with us in one place, with instant access to every payment and associated remittance advice.
I encourage the person responsible for your company’s cash management to review this program and activate your free Coupa account. Typically, this would be the CFO, Controller, or Accounts Receivable manager.
If you have questions, our Accounts Payable team at Banner Bank is ready to help you at [email protected].
Thank you for your continued partnership with Banner Bank.
Executive Vice President, CFO
Get paid immediately
Automatically create early payment requests
Have control over your discount rates
Immediate cash on hand for unexpected expenses
How to get started
Step 1 – Select Eligible Invoices
Action → Click on “Payments” → “Early Payments” to see a list of invoices you can select to offer a discount on.
An invoice is eligible for Dynamic Discount when:
- It is approved by the buyer
- Matches a Dynamic Discount setting configured on supplier record in Coupa Instance
Step 2 – Choose Your Discount Rate
Action → Click on the “Get Paid” button on the top left to create an Early Pay Request and define your preferred discount rate (%).
This discount rate is applied to all invoices in the Early Pay Request. The discount amounts will be automatically displayed for your review.
Action → If the offer looks good, click “Submit”.
Step 3 – Manage Payment Requests
- Automatically accepted Early Pay Requests will show the expected payment date
You can view the status of previous Early Pay Requests in the “Status” column.
Note: Please ensure you attach an updated Tax Invoice, or Adjustment Note (if applicable), in the Coupa Supplier Portal showing the revised amount payable and any applicable GST. This must be provided before any payment can be made. Under Comments section of your invoice, you can attach the updated Tax invoice.
Manage Settings and Auto Submit Early Payment Requests
Action → Set up automatic submission of Early Pay Requests by clicking “Yes” in the “Auto Submit” screen.
You can always turn this on later under “Admin” → “Payment Preferences” → “Dynamic Discounting”.