With automated, real-time visibility into
upcoming payments, treasurers improve cash forecasting to ensure
business continuity
SAN
MATEO, Calif., May 25, 2023
/PRNewswire/ -- Volatile macroeconomic environments have
exposed vulnerabilities in the banking industry, requiring
businesses to have greater visibility into liquidity and mitigate
risks more quickly. New innovations announced today from Coupa
Software, the leader in Business Spend Management (BSM), allow
treasurers to gain full visibility, efficiently manage cash, and
proactively monitor liquidity risks at scale.
"CFOs and finance teams must be better prepared to respond
deftly to macroeconomic challenges and liquidity risks," said
Raja Hammoud, Coupa executive vice
president of products. "Coupa's innovations have always centered
around our customers' success. By bringing more AI and automation
into Coupa's BSM platform and connecting cash management processes,
we're continuing to deliver on our mission of providing treasurers
with the best technology to be successful."
Coupa is the only platform that unifies treasury, accounts
payable, and procurement functions. It provides the most
comprehensive visibility into cash flow, resulting in the most
accurate cash projection.
The new innovations for Coupa Treasury improve connections
between teams, providing real-time visibility into approved
invoices and purchase orders (POs) through automation. With a
unified system, finance, treasury, AP, and procurement teams are
more informed, can execute effectively, and make timely decisions
to redirect payments.
As soon as a PO is created and an invoice is approved, they
appear in the cash projection worksheet. This saves treasurers
time, and reduces errors, risk, and resourcing requirements when
having to manually track and forecast for every outgoing payment.
These innovations help businesses leverage more accurate data, make
more informed decisions, and move quicker.
"We are using Coupa Treasury to modernize cash management
processes. The platform provides unmatched transparency into
company spend. We're able to act swiftly with greater accuracy to
optimize working capital, which is our top priority in today's
unpredictable economic environment," said John Reilly, Amatus Health vice president of
finance. "We're looking forward to the new automation between
treasury, PO, and invoice functions, as we know it will help drive
further efficiencies and operational excellence."
"A company's cost of capital can be materially impacted when
cash management and treasury teams are operating without real-time
spend data. It can force treasurers to scramble to liquify assets
or borrow at much higher costs," said Tamir
Shafer, Coupa Treasury global vice president. "Coupa's
latest innovations provide treasurers with immediate - and
automated - insights into company spend, enabling them to better
manage yield, and forecast cash flows and requirements."
On June 19-21, 2023, Coupa will
bring the Treasury community together at Inspire EMEA in
London for the Treasury Summit.
Building on the legacy of BELLIN's 1TC conference, the Coupa
Treasury Summit will bring together industry professionals to
collaborate and innovate with peers and thought leaders. Attendees
will walk away with actionable insights to help their organization
accelerate performance and unlock purpose. Learn more:
https://emea.coupainspire.com/treasury-summit.
About Coupa Software
Coupa is the cloud-based Business
Spend Management (BSM) platform that unifies processes across
supply chain, procurement, and finance functions. Coupa empowers
organizations around the world to maximize value and operationalize
purpose through their business spend. To learn more about Coupa,
visit coupa.com or follow us on LinkedIn and Twitter.
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SOURCE Coupa Software