be The first to get paid with barclays STATIC DISCOUNTING
Our static discounting program allows you to offer defined discounts for faster payments on your schedule.
Get your invoices paid faster on your request
Turn on/off with a few clicks and use it when you need it (or all the time)
Discount requests go directly to your customer and if accepted you are paid using the same method you are paid today
How to get started
How to find Static Discounting payment terms in your CSP account
Action → Go to the Admin tab in the CSP, choose “Payment Preferences”, select “Static Discounts” then “Edit”
Set payment terms
Action → Select your preferred terms for early payment. The correct term will be used based on how your customer set you up on their side of Coupa. You can learn more about these settings on this Coupa Success Portal article. It’s required that you add the name of the person at your company authorized to choose these payment preferences.
Action → If you submit invoices to customers via CXML or CSV, select the “Apply to All Invoices” checkbox in the preferences section.
How to accelerate orders or invoices
Notification for application of new payment term and order acceleration
For a specific transaction, if one of the listings in your customer’s Payment Terms table matches your selected preferred discount, that invoice or order is automatically marked as “Accelerated”. If there is no match, you can see the Accelerate Payment button in the Payment Term field of the invoice. Clicking on it allows your customer to select from their list of authorized payment terms.
Accelerate orders from PO emails
- Your customers enabled Coupa Static Discounting.
- You set accelerate preferences.
- POs have net terms that can be accelerated.
- Your customers set up matching payment terms.
Click on the Accelerate Payment button in the PO email. From the email, you are directed to the PO and the Accelerate Payment dialog box appears.
Static Early Payment Discounts Video
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