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The press release touts the process as simple — users can tie eligible businessaccounts from American Express into Coupa Pay, and then the virtual cards can be sent to the authorized suppliers. From there, they can be used for "quick and easy" payments for items in demand and provide better visibility into finances.
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"While our financials remain extremely strong, from a revenue and receivables perspective, we’ve introduced additional steps in evaluating the financial health of our customers and prospects," says Coupa's Chief Accounting Officer Tony Tiscornia. contributed by Coupa 's Chief Accounting Officer Tony Tiscornia.
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Accounts payable (AP), accounts receivable (AR) and other capital management workflows are also not immune to pandemic-related struggles. We saw what were traditionally transactional processes, like accounts receivable [and] accounts payable, become strategic imperatives,” she explained.
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If you really know the music industry , you know that many tour managers and accountants are barely a half-step removed from the glory days of the abacus. When that headline band finishes its last encore, you can be sure the money people are still backstage settling the accounts.
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