Frequently Asked Questions

Early Pay Discounting helps you get paid earlier by allowing you to offer discounts on invoices if Barclays pays them early. You choose the discount percentage you offer on invoices in the Coupa Supplier Portal. Your offer is then sent to Barclays to review and decide whether they want to pay early to receive your offered discount. By incentivizing your customers to pay early for discounts, you increase your working capital by receiving payments early.

Suppliers must have a Coupa Supplier Portal account to be able to participate in the Early Pay Discounting program. In the Coupa Supplier Portal, you will be able to offer discounts at the time of invoice creation. If you sign up for the Early Pay Discounting program, Barclays will turn on this feature for you in the CSP and Coupa will provide documentation, training, and resources on how to use the discounting program.

The Early Pay Discounting program should be reviewed by your Finance or Treasury team to determine if this program is of interest to your company. The Coupa Supplier Portal user(s) that will be responsible for making any Early Pay Discount offers in the CSP on your invoices should be someone authorized by your business to make discounted payment offers to Barclays to consider for early payment.

Yes, a Coupa Supplier Portal (CSP) account is required to use the Early Pay Discounting program. All users with the “Pay Me Now” permission in CSP are able to use the discounting feature on orders or invoices.

You will use the Static Discounting feature in the Coupa Supplier Portal to make discount offers on your invoices. When you create your invoice in CSP, you can choose to accelerate payment by offering a pre-defined discount term which will be included on your invoice to Barclays to consider for early payment. 

If you express interest in using Early Pay Discounting, Barclays will enable your access in the Coupa Supplier Portal. You will receive specific information on using Early Pay Discounting and how to set up and offer discounts during invoice creation in CSP.

No. Suppliers who enroll in Early Pay Discounting will be enabled to use this feature in the Coupa Supplier Portal and then will have complete control on which invoices they wish to accelerate with a discount offer for faster payment. Suppliers will be provided training on how to select specific invoices for discount offers, or how to adjust your settings in the Coupa portal to automatically apply the same offer on all invoices, if desired.

Please provide your company name and your email address to Coupa at [email protected]. We will contact your Coupa Supplier Portal Admin to add you as a user to your company’s account.

Offering discounts for early payments is an easy, efficient, and flexible way of improving your cash flow whenever the need arises. Suppliers decide if and when they need to accelerate payment on an invoice without any additional paperwork. Early payment discounting gives you access to working capital from your existing cash flow instead of having to borrow funds through a loan.

Businesses like yours use Early Pay Discounting in Coupa because it gives you control over your cash flow by choosing exactly when to get paid. Early Pay Discounting is also simpler, faster, and offers a lower cost of capital than other funding options.

Barclays will review and consider all discount offers that suppliers make through the program, and evaluate whether to accept your specific discount offer on an invoice payment and make an early payment. If your offer is accepted, you will be notified in the Coupa Supplier Portal.

If your discount offer is accepted, Barclays will make your payment using your current payment method.

No, using this program does not change your existing terms with Barclays and does not require an updated contract.