Company Excels at Innovation and Execution according to 2013 Global Report
Taulia Inc., the market-leading SaaS platform for dynamic discounting, has been recognized as the leader in early payment solution providers, according to a new report by financial services research group, Global Business Intelligence (GBI). The report, entitled 2013 Working Capital Technology Guide, was released in June and evaluated leading vendors offering working capital technology solutions to both banks and corporates.
Taulia was among the select companies Global Business Intelligence evaluated using a detailed set of criteria, including customer references, evaluations of business practices and product capabilities. In the report, GBI noted several key capabilities that established Taulia as the top provider:
- The solution’s ability to offer discounts on 100% of invoice spend, regardless of submission method.
- The ability to allow suppliers to submit invoices in a variety of formats, including EDI, Edifact, XML, text files, PDF and manual uploads.
- The variety of powerful and flexible tools available to help manage large corporate liquidity.
- The seamless integration into existing ERP systems.
- Not charging suppliers to use the solution, resulting in strong supplier adoption.
“Dynamic discounting has the potential to be vastly bigger for several reasons”, said David Gustin, President of Global Business Intelligence. First, approved Invoices from Corporate Buyers are the most important predicative variable for payment. Second, there has been significant investment around einvoicing automation and workflow the last few years by the large and mid corporate sector. Our discussions with Corporates indicate their suppliers have a great interest for early payment, and this is confirmed by data in some vendor’s systems showing a high percentages of suppliers requesting funds immediately upon invoice approval. Finally, dynamic discounting provides an opportunity to finance all invoices.”
“The increased demand for agility and scalability is noticeably changing how businesses partner with their suppliers, with organizations needing flexible, secure and comprehensive solutions to manage their invoice and payables processes,” said Bertram Meyer, CEO of Taulia. “We believe this recognition from GBI reflects the strength of Taulia’s offering and our commitment to deliver solutions that increase efficiencies and reduce expenses.”
This achievement follows a stream of awards and recognition for the San Francisco company, which most recently was named Best Invoice Discount Management Solution in the World by Global Finance Magazine and OnDemand’s 2013 Company to Watch.
About Global Business Intelligence
Global Business Intelligence is a global advisory practice centered on helping banks, vendors, and corporates with trade services, trade credit and financial supply chain matters. For more information, visit http://www.globalbanking.com
Taulia provides cloud-based invoice, payment and dynamic discounting management solutions for large buying organizations throughout the world. Organizations can reduce their total spend and achieve double-digit returns on cash positions, while allowing their suppliers opportunities 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, John Deere and other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco, California with offices in London, Düsseldorf, Germany, New York City and Park City, Utah. For more information, visit http://www.taulia.com.