DYNAMIC EARLY PAY DISCOUNTS
Sending invoices is simple but getting paid isn’t always easy. Get your invoices paid faster with Coupa Dynamic Early Pay Discounting.
You can request early payment on any or all of your approved invoices by offering a discount rate. You’ll be notified if the offer is accepted or rejected.
This feature is only available to you if your Coupa Pay customer has turned it on.
Search for help or choose a category below to find what you need.
View Eligible Invoices
Log in to the Coupa Supplier Portal and click on Payments > Early Payments.
Select a customer from the dropdown to see a list of invoices you can select to offer a discount on.
Suppliers view eligible invoices which can be submitted for Early Payment Requests in the Coupa Supplier Portal under Payments -> Early Payments.
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
– Supplier primary address is in the USA
Suppliers can select one or more invoices and click “Get Paid” button on the top left to create an Early Pay Request and define their preferred discount rate.
Creating Early Payment Request
This discount rate is applied to all invoices in the Early Pay Request and the discount offered is showed as an actual value.
Payment Request View
Once a supplier submits an Early Pay Request, they will receive a message indicating whether it requires the buyer’s approval or has been automatically accepted.
– 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.
Auto Submit Early Payment Request
To set up automatic submission of Early Pay Requests, click “Yes” in the Auto Submit screen.
You can always turn this on later under Admin -> Payment Preferences -> Dynamic Discounting
Auto Submit will automatically create Early Pay Requests on your behalf with a defined 30-day discount percentage
These Early Pay Requests are created immediately after the invoice is approved by the buyer and submitted to the buyer for approval.
Manage Early Pay Discounts Settings
You can manage Dynamic Discount settings through the Admin tab of the Coupa Supplier Portal.
You can choose to turn off Dynamic Discounts or automatically start submitting eligible invoices as early payment requests any time.