get paid FASTER with EARLY PAY DISCOUNTS 

Offer discounts for early payment when you submit invoices using Coupa.

Learn more

Message from Sponsor Name, Title, Acme Inc.

 

We are pleased to announce we’ve partnered with Coupa to provide an Early Pay Discounts program that lets you receive early payment on your invoices with Acme, Inc.

Using the Coupa Supplier Portal, you can easily offer a discount on the invoices you submit to Acme, Inc. The program gives you complete flexibility so you can choose exactly which invoices to discount, or set up the same discount to be automatically applied to all your invoices. If your offer is accepted, you’ll receive early payment using your current payment method.

Our Early Pay Discounts program is best reviewed by your finance team. If you are not the person responsible for cash management please forward this information to your CFO, Controller, or Credit Manager.

Acme, Inc. is dedicated to the success of our suppliers by offering convenient options to help you with cash flow and access to working capital. We encourage you and anyone in your organization who is responsible for finances to learn more about Early Pay Discounts below.

Best,

Sponsor Name

The Benefits

Speed

Submit your discount offer with the click of a button and get your invoices paid faster on your request.

Flexibility

 Use when needed or automatically apply on all your invoices so you never miss an early pay opportunity.

Security

Discount offers go directly to your customer. If accepted, get paid using the same method you are paid with today.

How to Use Early Pay Discounts

Get Started with Early Pay Discounts

Watch a quick video to learn how to use this feature in Coupa.

Never miss getting paid faster. Here’s how to automatically apply a discounted term to all Orders & Invoices.

Access your Early Pay Discounts settings

Action → Log into the Coupa Supplier Portal. Go to Setup > Admin > Early Pay Discounts.

Action → Click on your Customer’s Name to expand the section and then click “Edit” to access your discount settings for your Customer. 

    Set your Preferred Discount Terms

    Action → Select the discount payment terms you would like to use on your future POs and Invoices for your Customer. Be sure to add the name and email of the person at your company authorized to offer discount payment terms.

    Select additional preferences

    Action → Check the first box to automatically update the payment term on all your future Orders & Invoices with the preferred discounted term you selected.

    If you’d like to manually select the orders & invoices you want to discount, leave this box unchecked and see the instructions below to use Early Pay Discounts on demand.

    Action → Check the second box if your company is also interested in offering discounts on approved invoices. If your customer offers this option, they may enable this option for you.

    Offer discounts only when you need them. Here’s how to manually select Orders & Invoices to discount.

    Add an early pay discount term to a purchase order

    Action –> Navigate to Orders and open the Purchase Order you’d like to accelerate payment for by clicking on the PO Number in the list. Click the “Get Paid Faster” button and select your new discounted payment term. Check the box confirming that you’re authorized to choose these new terms, and then click the Update button.

    Notification of new payment term applied to PO

    You’ll see a success message that the Payment Term is successfully updated with the updated term.

    When you create an invoice for this PO, the discounted payment term offer will be added on the invoice and sent to your customer when you submit the invoice. If accepted, you’ll be paid early using your current payment method.  

    Accelerate orders right from PO emails

    Action–>  For even more convenience, your PO Email will include an option to initiate an early pay discount right from the email. Click the “Get Paid Early” button and you’ll be taken directly to the Early Payments selection screen for that PO in CSP.

    Add an early pay discount term to an invoice

    Action –> Navigate to the Orders page and locate the PO you’d like to create an Invoice for. In the Actions column, click on the gold coins icon to accept the PO and create the invoice.

    Action –> Click on the Get Paid Faster button next to the Payment Term on your Invoice.

    Update payment terms

    Action –> Select your new discounted payment term. Check the box indicating you’re authorized to choose these new terms and then click the Update button.

    Notification of new payment term applied to Invoice

    You’ll see a success message that the Payment Term is successfully updated with the new discounted term.

    When you submit this invoice, the discount payment term offer will be sent to your customer. If accepted, you’ll automatically be paid early using your current payment method. 

    Don’t just take our word for it

    “Cash flow for a small company like mine is always kind of an issue because you’re covering so many different types of payables… It’s a lot quicker when someone sets up an invoice, I submit my invoice to them and then all of a sudden it’s on Coupa and then I can elect whether or not I want to get paid early.”

    Kristin Howard
    Account Manager