Afternoon Coffee: Brexit Deal Faces Deadly Vote; When Do Retailers Seek Supply Chain Visibility?

stevecuk/Adobe Stock

With the latest Brexit plan facing a tough vote Tuesday, British Prime Minister Theresa May is seeking support for the deal, Bloomberg News reports. But the plan is expected to die. So what's next? And in technology news, retailers know the supply chain has the potential to deliver big losses or big gains, but seeking more visibility into it often occurs only after a big problem occurs, Supply Chain Dive reports. Afternoon Coffee brings you the latest news in procurement and supply chains.

A Look at Barclaycard’s Virtual Card for Coupa’s Business Spend Management Platform

Small Business Credit vladi_mir/Adobe Stock

Last year, Coupa unveiled its vision for business spend management (BSM), and it added products throughout the year. One of those was a virtual credit card with international reach that’s from Barclaycard, a Coupa partner. We recently caught up with Barclaycard to get a look at the offering and find out more about the deal. In an interview, Barclaycard's Rob Tuckwell walked us through the partnership and talked about how the card works. Spend Matters UK/Europe recently caught up with Barclaycard to get a look at the offering and find out more about the deal. In an interview, Barclaycard Rob Tuckwell walked us through the partnership and talked about how the card works.

Tuckwell, the director of partnerships & B2B at Barclaycard Commercial Payments, said the first thing to know is that this service shouldn’t be confused with P-cards, the physical cards used for procurement purchasing. He said Coupa is using virtual cards that generate a one-time credit card number that’s specific to the purchase order, not a person — allowing greater control and reconciliation benefits.

“This is a much more efficient way of dealing with high-volume, low-value, and one-off suppliers,” he said.

Business Intelligence to Transform Procurement