Bold initiative promises savings of at least one million dollars in first year
San Francisco, March 18, 2014 - Taulia Inc., the market leading provider for supplier financing, announced today the continuation of its Million Dollar Guarantee program for 2014. First introduced in 2013, Taulia’s Million Dollar Guarantee program has successfully demonstrated that customers will realize at least one million dollars in savings from dynamic discounting within the first year of implementation. The program was initially slated to expire after 2013, but due to overwhelming market demand Taulia is reintroducing the saving guarantee for 2014.
Taulia has made achieving one million in savings even easier with the recent launch of Taulia Enhanced Discounting, which allows buying organizations to offer their suppliers early payments in exchange for a discount using either their own cash or 3rd party funds. Taulia customers have been tremendously pleased to receive this guarantee as part of the benefit of implementing Taulia’s solutions.
“With The Million Dollar Guarantee, Taulia has put its money where its mouth is to show the effectiveness of its Dynamic Discounting solution,” said Pete Loughlin, managing editor of Purchasing Insight. “This type of guarantee puts to rest any concern organizations may have as to the cost savings potential of an early payment discounting initiative.”
“We are excited to continue offering the Million Dollar Guarantee for 2014,” said Joe Hyland, Chief Marketing Officer of Taulia. “Our clients are realizing tremendous benefits simply by automating early payments on approved invoices. This risk-free investment generates significant returns and helps to strengthen relationships with suppliers, who are in need of faster payment.”
In order to qualify, companies must have over $3 billion in annual invoiced spend. In addition, they must use Taulia’s eInvoicing solution and adhere to TAULIA NOWTM best practices, the company’s supplier enablement and onboarding methodology. To ensure the success of the discounting program, organizations can utilize Taulia Enhanced Discounting for early payments they do not wish to fund with their own cash reserves. Tracking on discount capture officially begins at the go-live stage of the implementation process. In the case of any client who doesn’t experience the savings in the first year, they pay no additional fees until they reach the million dollar savings.
Taulia will be available to discuss the benefits of program onsite at the SAP Financials conference in Orlando, March 18-21, 2014, at booth #330.
Taulia is the fastest growing SaaS platform and network for Supplier Financing, eInvoicing and Supplier Portals. Organizations can reduce their total spend and achieve double-digit returns on cash positions, while proving opportunities for their suppliers to benefit from early payments, eInvoicing capabilities and low-cost financing options. Some of the most innovative brands in the world rely on Taulia, including Coca-Cola Bottling Co. Consolidated, Pfizer, Pacific Gas & Electric, Hallmark and many other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco with offices in London, Düsseldorf, Germany, New York City and Park City, Utah. For more information, visit http://www.taulia.com.