NEW SERVICE PROVIDES FREE VENDOR PORTAL AND E-INVOICING FOR SELECT GROUP OF SUPPLIERS
Taulia Inc., the only SAP®-certified SaaS platform for dynamic discounting and e-invoicing, today announced it will provide its proven e-invoicing and supplier self-service capabilities to a select group of suppliers for large enterprises, free of charge. With the unique Turnkey Starter Package, Taulia can rapidly on-board key suppliers via the customer’s branded portal and provide immediate e-invoicing and additional insight into the invoice process. In addition, Taulia will provide detailed reporting and analysis on dynamic discounting capabilities based on each customer’s unique accounts payable data. Taulia’s complete platform allows Global 2000 corporations to save millions of dollars annually using dynamic payment terms and on-demand payment acceleration for their suppliers, in return for additional discounts.
“Free and 'try-before-you-buy' models have transformed the way consumers access web apps, but we haven't seen much in business settings,” said Henry Ijams, managing director of Paystream Advisors, Inc. “Taulia is taking a fresh approach with its Turnkey Starter Package which encourages electronic invoice adoption based on Taulia's history of success at driving supplier adoption at zero cost. We especially like solutions that remove barriers for buyers and suppliers to collaborate, and Taulia's Turnkey Starter Package fits the bill.”
“We have a proven track record of providing significant savings to large enterprise customers, and helping suppliers realize immediate and measurable benefits,” said Markus Ament, chief product officer at Taulia. “Our unique technology and valuable self-service tools, along with the fact that we don’t charge suppliers to use the platform, has resulted in an average supplier on-board success rate of 50-70% within the first three months of product integration. With the new Turnkey Starter Package, we’re allowing customers to realize these benefits even faster, through rapid onboarding of their key supply base.”
“As a supplier it can often be difficult and time consuming to invoice multiple customers using the methods they most prefer. In addition, we typically have no insight into when our invoices are approved and paid,” said Margaret Carr, co-owner, Titan Industrial System and Safety Supply. “With Taulia’s solution we can now easily and quickly e-invoice our customers and know at any given time where we stand in the invoice process. That has proved to be a huge time savings and invaluable resource to our accounting department.”
Taulia’s free e-invoicing capabilities allow suppliers to eliminate printing and mailing costs, while the interactive self-services reduce collection costs and remove the need for inquiries by providing 24/7 visibility. Through Taulia’s innovative SaaS platform that integrates seamlessly as a certified-SAP add-on, suppliers can accelerate invoice payment on-demand, putting an end to the need for costly receivable financing or credit card borrowing.