COMPANY FEATURED IN SAP KEYNOTE DURING TECHED CONFERENCE AS PREMIER LAUNCH PARTNER FOR SAP HANA ON AWS
Taulia Inc., the only SAP®-certified SaaS platform for dynamic discounting, today announced it is the first solution to be featured by SAP as using the scalable, on-demand Amazon Web Services (AWS) platform for production use of SAP HANA. The popular AWS cloud model, which allows customers to pay only for the resources used, will enable SAP HANA users the ability to deploy their solutions without making required long-term commitments or costly capital expenditures. As the first solution in production with SAP HANA on AWS, Taulia was featured during the SAP TechEd Keynote address today, October 16, 2012, given by SAP’s Chief Technology Officer and executive board member, Dr. Vishal Sikka.
Having been featured in previous SAP Keynote’s and The Startup Focus Program, Taulia has been at the forefront of SAP HANA innovation and is pleased to have been chosen to showcase CloudFinance, powered by SAP HANA on the popular AWS platform. CloudFinance allows third party financing organizations to make risk-free, short-term investments through purchasing supplier’s receivables and collecting full payment from buyers. Taulia’s CloudFinance takes supply chain finance to a new level by offering an alternative to traditional factoring that allows suppliers to grant discounts to third-party payers in exchange for being paid earlier for their receivables. Through SAP HANA, Taulia is able to do extensive risk profiling of suppliers and their receivables in real-time allowing for potential third-party payers to provide funds based on up to the minute calculations to best invest and time their investments/payments. CloudFinance gives suppliers an easy way to get paid when they need it while buyers can continue to run operations with no interruptions.
“We are incredibly excited to be the first case of being on production on AWS with SAP HANA and to play a key role in their launch,” said Philip Stehlik, CTO of Taulia. “Taulia is running on AWS and our technology is a perfect fit because it allows users to access results of data-intensive calculations in real time, without the burden and time commitment of a costly implementation. With CloudFinance, Taulia revolutionizes the factoring game and allows for creditworthiness decisions to be made in split seconds. This provides a direct and immediate benefit to suppliers, buyers and third party financing organizations; something previously unimagined.”
SAP’s TechEd conference takes place October 15-19, 2012 in Las Vegas. In addition to Taulia’s involvement in the keynote address, Stehlik will present in three key sessions during the conference. They include a primer on Developing for SAP HANA Using Java Applications, which will be presented on Tuesday, October 16th from 1:30 - 2 pm and two sessions on the Seven Things to Consider When Going into Production with SAP HANA in the Public, presented on Tuesday, October 16th from 10 - 10:30 am and on Wednesday, October 17th from 2:30 - 3 pm.