Set up Early Payment Discounts

You can opt in to Early Payment Discounts with your Coupa buyers as either a new or existing supplier on the CSP. For discounts Before Invoice Approval, you can set the global or customer-specific discount payment terms that you would like to receive in return for early payment. You can also enable After Invoice Approval to submit early payment requests for invoices that are approved by your Coupa buyer.

This guide shows the basics of activating and configuring your CSP user account, so you can offer Early Payment Discounts (EPD) to your Coupa buyers. Based on the EPD discount preferences you set on the Early Payments page, Coupa updates the payment terms on your future purchase orders (POs) and invoices if the following conditions are met:

• Your buyer has set up an EPD program on the Coupa Platform.
• Your buyer has enrolled you in an EPD program (for either or both Before and After Invoice Approval discounts)
• Your terms, either set in Global Discount Preference or Customer Preferences, match the customer's terms.
• You must additionally have Admin rights in the CSP to access the Early Pay Discounts preferred payment terms.

For more information, see Early Payment Discounts.

Opt in to Before Invoice Approval Discounts

To receive and accept discounted payment terms from a Coupa buyer, the buyer must first enable your company in their Coupa Core system. When they have done this, you receive a welcome email from the Coupa buyer to Get Paid Faster.

Register and set preferred discount terms: New supplier

1. From the CSP welcome email from the Coupa buyer, open the CSP registration (for more information, see Registration and Login).
2. On the Basics screens, create your login and enter your company information.
3. On the Payment screen, you are asked if you would like to offer discounts to get paid faster. Here you can see and select any discount payment terms your Coupa buyer has offered under Payment Discount Preferences:
   
   
   • Under Your default payment term, select the field next to a net term, for example Net 30.
   • If the buyer has set up discounted terms, under Automatically replace with this discount a dropdown menu with one or more terms appears, for example 1%/10 Net 30 means you offer a 1% discount if payment is made up to 10 days after the invoice date.
   • You can select one discounted term per net term.
4. Activate the checkbox Use these preferences for all your customers to apply these preferred terms globally to your Coupa customers on the CSP. If not, you can choose to accelerate invoices (Get Paid Faster) at the transaction level. For more information, see Use Early Payment Discounts: Before Invoice Approval.
5. Select Next to open a confirmation message.
6. Select Enhance your Coupa profile to open Customer Setup on the CSP.

If the payment term you selected matches one of the discount terms on your Coupa customer side, that discount is automatically assigned to the transaction. You can then offer global or customer-specific discount terms. For more information, see Set preferred discount terms: Existing supplier.

Set preferred discount terms: Existing supplier

1. In the CSP, go to Setup > Admin > Early Payment. You can also access your preferred terms using the More > Add-ons tab and navigating to Early Payment Discounts > Update Discounting Preferences.
2. Select Early Pay Discounts on the left of the Admin page.
3. To set preferred discount terms for Global Discount Preferences, select the Edit preferences button in the top right corner. Otherwise, select the Edit button for individual Customers at the bottom of the page.
4. Use the dropdown menus to select the preferred early payment discount terms you will accept from the buyer:
   
   
   • Next to the net term under Your original payment term, select the dropdown menu for Your preferred term, where one or more terms appear.
   • You can select one discounted term per net term.
5. For Discount Payment Terms Approver, enter the name and email of the person or group at your company responsible for approving your preferred discount payment terms (required).
   
   
   Note

   This information is used for tracking or audit purposes only, and does not add an approval step anywhere in the discount process.

6. Activate the checkbox Apply to ALL invoices to apply these preferred terms globally to your Coupa customers on the CSP. If not, you can choose to accelerate invoices (Get Paid Faster) at the transaction level:
   
   
   1. Set up Global Discount Preferences. Global Discount Preferences are the discount terms that you’re willing to accept from all of your customers using Early Payment Discounts in Coupa. You can select a preferred term for each net payment term that you use with your customers.
   2. Set up Customer Preferences. The Customer Preferences option lets you manually accelerate invoices at the transaction level for a discount, instead of applying Global Discount Preference.
      
      
      Note

      The Customer preferences option may not be available to you. It is based on your customer’s EPD settings in Coupa.

      If you configure preferences for an individual customer, this overrides any Global Discount preferences.

7. When you reach the confirmation screen, use Edit Your Setup to complete your company profile on the CSP.

You are now ready to offer Before Invoice Approval discounts. For more information, see Use Early Payment Discounts: Before Invoice Approval.

Opt in to After Invoice Approval Discounts

For you to make early payment requests to Coupa buyers for approved invoices, the buyer must first enable your company and set up net Payment Terms for your invoices from the Coupa Core platform. When they have done this, you receive an email from the Coupa buyer welcoming you to use their After Invoice Approval discount program.

Register for After Invoice Approval discounts: New supplier

1. From the CSP welcome email from the Coupa buyer, open the CSP registration (for more information, see Registration and Login).
2. On the Basics screens, create your login and enter your company information.
3. If you also want to opt in to Before Invoice Approval discounts, set your preferred payment terms as described in Set preferred discount terms: Existing supplier.
4. Under Customers, you see any linked Coupa customers that have enabled EPD programs for you. Activate the checkbox Discount on Approved Invoices.
5. When you reach the confirmation screen, use Edit Your Setup to complete your company profile on the CSP.

Set up After Invoice Approval discounts: Existing supplier

1. If you get an email from a Coupa buyer welcoming you to Early Payment Discounts, select Get Started to open the CSP login screen. You can also open the login from a buyer's Invoice Approved to Pay email.
2. In the CSP, go to Setup > Admin > Early Payment.  You can also access your preferred terms using the More > Add-ons tab and navigating to Early Payments Discounts > Update Discounting Preferences.
3. If you also want to opt in to Before Invoice Approval discounts, set your preferred payment terms as described in Set preferred discount terms: Existing supplier.
4. Under Customers, you see any linked Coupa customers that have enabled EPD programs for you. Activate the checkbox Discount on Approved Invoices.

You are now ready to submit Early Payment Requests for After Invoice Approval discounts. For more information, see Use Early Payment Discounts: After Invoice Approval.