Set Early Payment Preferences
With Dynamic Discounting, you choose the discount percentage you offer your customer for specific invoices, which lets them decide whether they want to pay early to receive the discount.
Early Pay Discounts User Guide: Dynamic Discounting
For complete information on accepting Early Payment offers, open and download the latest version of Coupa Pay's Dynamic Discounting User Guide here.
Early Payment Requests help you get paid earlier by allowing you to offer your customers discounts on their invoices if they pay them early. By incentivizing customers to pay early, you increase your available working capital.
Your Coupa customer has to enroll you in their Discounting program for you to use early payment requests successfully.
How it works
If your Coupa customer wants to use early payment discounts with you, they enroll you in the Discounting program in their Coupa instance, which sends you a notification that you've been enrolled. This allows you to offer your customer discounts on eligible approved invoices in exchange for them paying the invoice sooner than it is due, increasing the amount of working capital that you have at your disposal.
Once you've been enrolled in the Discounting program, you can start sending early payment requests to the customer who enrolled you. If you don't want to participate in the program, or want to automate the sending of early payment requests, you can update your preferences in the Setup section.
Update early payment preferences
Users with the Admin permission can update their early payment preferences in the Setup section:
- Go to Setup > Payment Preferences > Dynamic Discounting.
- Locate the customer you want to edit preferences for and click Edit in their section.
- In the Edit window that appears, select Activate Dynamic Discounting.
- Select Save.