be The first to get paid with Beach energy dynamic discounts
Message from Hendrik Snyman, Chief Procurement Officer, Beach Energy
Beach Energy is embarking on offering our suppliers an Early Payment Discounting program in order to assist our Suppliers with cashflow if the need arises. We also want to establish Beach as a client of choice towards our Suppliers.
This program will shorten the payment cycle and offers flexible discount settings, as you can nominate to offer a discount on your invoices to be paid early and you will be able to manage this through the normal Coupa Supplier Portal (CSP). I would encourage the person responsible for accounts receivable to review this program. More information about our Early Pay Discounting program is available below. In addition, more information about Coupa Supplier Portal and a video on how Early Pay Discounting works is available in this link.
If you have any questions, our team is ready to help you at [email protected]
Thank you in advance for your cooperation.
Chief Procurement Officer
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”.