Interview with Taulia's CEO: What is Taulia Enhanced Discounting?

March 7, 2014

taulia-ceo-interview-what-is-ted

Last week, we introduced Taulia Enhanced Discounting (TED), a new way to finance your entire supply chain. 

In an interview with the CEO and Co-Founder of Taulia, Bertram Meyer breaks down the current market landscape of supplier financing and where Taulia Enhanced Discounting fits in.

Bank funded Supply Chain Finance (SCF) programs have strict lending requirements, including a lengthy screening process with a whole lot of paperwork. Therefore, it’s only really worth it for banks to lend to your largest suppliers, generally your top 50-100. 

What about the rest of your supply chain?

Don’t exclude the long tail of your supply chain from offering early payments in exchange for a discount! TED can be offered to the top 50 suppliers, AND to the 20,000 smaller suppliers, who typically have the most urgent needs for liquidity. 

How do buyers benefit?

You, the buyer, can now receive discounts on ALL invoices from ALL suppliers -- regardless of whether the early payment was funded by them, or a third-party. With more ways to pay your supply chain early, more invoices are available for early payments, more discounts are offered, and more money (yes, millions of dollars) is added to your bottom line.

Ultimately, you now have complete flexibility to use their own cash or third-party funds to capture invoice discounts, without impacting Days Payable Outstanding (DPO).

How do suppliers benefit? 

Suppliers love getting paid early.  Now, all invoices are available in a free, easy to use supplier portal that provides early payments at the click of a button. 

In the portal, on top of the benefits of access to capital at competitive prices, suppliers will have 24/7 visibility into the receipt and approval of invoices and payments as well as comprehensive self-services and Supplier Information Management. 

Watch the full interview here.

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