Business expands virtual card offerings in Japan, catering to business-to-business (B2B) payments.
Coupa, a leading provider of business spend management (BSM) solutions, is set to revolutionize B2B payments in Japan with the launch of its AI-enabled virtual card capabilities. This strategic expansion aims to modernize financial workflows, reduce fraud, and increase efficiency for Japanese enterprises.
At the heart of this strategy are virtual cards embedded into AI-driven accounts payable automation workflows. These innovative solutions allow businesses to accelerate and secure supplier payments while reducing fraud through the use of single-use or limited-use virtual cards.
Moreover, Coupa leverages AI-powered insights to optimize spending, improve cash flow, automate payments reconciliation, and approvals, thereby reducing manual processes and risk. By integrating these payments seamlessly within its overall AI-enabled procure-to-pay platform, Coupa is complementing its broader AI roadmap emphasizing automation, risk mitigation, and enhanced financial operations for businesses undergoing digital transformation across Asia-Pacific.
Coupa's expansion in Japan is also marked by partnerships with local banks, including SMCC (Sumitomo Mitsui Card Company), establishing the first local issuer for B2B AI-powered virtual cards in Japan. This move further embeds Coupa's presence in the regional market.
For businesses such as Vacasa, a rapidly growing vacation property management company, Coupa's embedded payments have been instrumental in driving transformation. Vacasa, with over 44,000 homes under management and 70,000 invoices processed monthly, used Coupa Pay to reduce its payment processing time from 15 days to under three days.
Coupa's automated payments solutions unlock new levels of agility, visibility, and control for finance organizations. By using Coupa's total spend management platform, customers gain access to $8 trillion in community-generated data that informs Coupa's AI, reducing manual processes and automating payments reconciliation and approvals.
Bill Wardell, GM of Coupa Pay, stated that Coupa Pay has been built into a global payment standard, enabling customers to pay in almost 200 countries and over 140 currencies across various payment types. The IDC MarketScape positions Coupa as a Leader in the Worldwide Embedded Payment Applications 2024-2025 Vendor Assessment.
Coupa's website cards are part of the Coupa Pay product portfolio, designed to provide full visibility and control over payments and liquidity. The company plans to begin onboarding select customers in the coming months through a phased rollout, with the expectation that they will be fully operational by early 2026.
For more information on how Coupa's services can help businesses achieve AI-driven total spend management and margin optimization, visit www.coupa.com. Coupa's Asia Pacific expansion aims to help businesses optimize cash, mitigate risk, and control spend using AI.
In summary, Coupa's website card capabilities for AI-enabled spend management and payments in Japan revolve around virtual card issuance through local bank partnerships combined with AI-driven automation and analytics, designed to modernize financial workflows, reduce fraud, and increase efficiency and control over corporate spend.
Businesses can benefit from Coupa's virtual cards, integrated into AI-driven accounts payable automation workflows, to securely and efficiently manage supplier payments, while also utilizing AI-powered insights to optimize spending and streamline financial operations. This technological advancement complements Coupa's broader strategy emphasizing automation, risk mitigation, and enhanced financial operations for businesses undergoing digital transformation, particularly in the Asia-Pacific region.
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