STATIC EARLY PAY DISCOUNTS
Coupa Static Early Payment Discounts help you to get paid faster by allowing you to set and update preferred accelerated payment terms and by applying those terms automatically to all or selected Coupa customers across some or all your invoices and/or purchase orders.
Note: You can use Coupa Early Payment static discounting successfully only if your customers have it enabled.
Also, learn how Coupa early payment solutions can increase your cash flow here.
Search for help or choose a category below to find what you need.
Access static discounting in your CSP account
Go to Setup > Admin section and click on the “Payment Preferences link” on the left of the page, and select “Static Discounting”.
Set payment terms
Click on the Edit button in the top right corner of the Static Discounting page. Fill in the mandatory name and email fields, and select your preferred accelerated payment terms to be applied to all your customers by default if Default Customer Preferences is selected.
If you have customer-specific payment terms, you can also modify them on this page after selecting the specific customer from the Applies To drop-down.
Learn more about static discounting setup in this Coupa Support Help Page.
You can choose from a standardized list of possible discounts for each term length.
Select the “Apply to ALL” invoices checkbox to apply your Coupa Accelerate preference to all invoices, including non-PO backed invoices and invoices sent to your Coupa customer through cXML, email, and so on.
How to accelerate orders or invoices
Step 1: Open the order/invoice and click on the Accelerate Payment button next to the Payment Terms field.
Step 2: In the appearing Accelerate Payments dialog box, select a payment term from the available options and click Update. Your customer might have assigned payment terms specific to you. Only those payment term options are visible that have the same net payment terms as your default.
Step 3: If you accept the terms, you are asked in a popup if you want to update your default Coupa Static Discounting payment preferences on all the future orders and invoices with the specific customer. If you decide to Update them, you are directed to the customer-specific Coupa Static Discounting Preferences page. Here, you can also choose to apply your discount payment terms globally to all customers by selecting Default Customer Preferences.
Notification for application of new payment term and order acceleration
When an accelerated payment term is applied to an order or an invoice, that payment term is available on the order or the invoice and it has the Accelerated flag. You are notified of the action in the message bar and the change is recorded in the History section.
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
You can accelerate orders directly from PO emails if:
- 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.