Raistone, the fintech leader for companies seeking non-debt financial solutions, was selected as the initial launch partner for Coupa Pay Supply Chain Finance (SCF), which enables companies to optimize their cash flows and margins.
Coupa Pay SCF provides businesses of all sizes access to powerful financial solutions that were previously restricted to the largest corporates. By partnering with Raistone, Coupa Pay SCF provides incremental cash flow management options to both investment-grade and non-investment-grade companies, particularly those in the mid-market segment.
“Coupa and Raistone technology makes it as simple as one click to enroll in a supply chain finance program. With Coupa Pay SCF, businesses can strengthen their supply chain, improve their days payable outstanding, negotiate better cost of goods, and retain more cash — without taking on additional debt,” said Raistone CEO Dave Skirzenski. “We are thrilled to be able to extend this product to Coupa customers and procurement professionals, who understand the urgent need for diverse cash management options in the current banking environment.”
The partnership announcement coincides with Coupa Inspire 2023, the flagship global business BSM community event, being held this week in Las Vegas.
As part of the event, Skirzenski will give a presentation entitled “Control Your Cash Flow: Coupa-Embedded Supply Chain Finance from Raistone.” Skirzenski will be joined by Brendan Carney, Group Principal with The Hackett Group. Skirzenski’s presentation will take place on day two of Coupa Inspire 2023, Thursday, April 13 at 3:30 p.m.
For more information, please visit raistone.com/coupa-inspire/