be The first to get paid with banner bank dynamic discounts

 

Coupa Early Pay Dynamic Discounts help you get paid earlier by allowing you to offer your customers discounts on each of your invoices if they pay them early.
Get started

Peter Conner

Executive Vice President, CFO,
Banner Bank

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.

Sincerely,
Peter Conner
Executive Vice President, CFO
Banner Bank

The Benefits

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 → Log in to the Coupa Supplier Portal and select a customer from the dropdown list.

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 → Select one or more invoices from the list.

    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

    After submission, you will receive a message indicating whether it requires the buyer’s approval or has been automatically accepted.

    • 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

    You can manage Dynamic Discount settings through the “Admin” tab of the Coupa Supplier Portal. Choose to turn off Dynamic Discounts or automatically start submitting eligible invoices as early payment requests any time.

    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”.

    Join the 9.5M businesses already on Coupa

    Get Started for FREE