INNOVATIVE SERVICES HELP LARGE BUYERS ADDRESS SUPPLIER-SIDE CONCERNS
Taulia Inc., the only SAP®-certified SaaS platform for Dynamic Discounting today announced the addition of two new features to its core product offering, Cloud Finance and Early Payment Network. Cloud Finance allows suppliers to take advantage of third party financing sources to receive early payment on their invoices. The Early Payment Network capitalizes on Taulia’s open technology solution and allows suppliers to take advantage of early payments via a button that can be embedded into any application. Both technologies will be showcased at the exclusive, invite-only FinovateSpring conference May 8-9, 2012 in San Francisco.
“In today’s economy many suppliers have struggled to keep up the same level of service and production while payment cycles grow longer and longer. The traditional invoice process is just as inefficient for large enterprises, who are not able to capitalize on their cash reserves,” said Markus Ament, chief product officer at Taulia. “Taulia’s Dynamic Payment Platform was designed to address these inefficiencies and our latest technologies, Cloud Finance and Early Payment Network, help bring those capabilities to a wider supplier base.”
"We are excited to invite Taulia to demonstrate its compelling platform and latest innovations at FinovateSpring," said Eric Mattson, CEO of Finovate Conferences. "Ever-increasing payment terms are a significant problem for small suppliers in tough economic times, and Taulia’s solution addresses a concrete need for both large enterprises and their expansive supply base.”
Taulia’s Dynamic Payment Platform provides dynamic discounting, e-invoicing and supplier self-services for Global 2000 companies, allowing them to save millions of dollars annually using dynamic payment terms and on-demand payment acceleration for their suppliers, in return for additional discounts. Taulia’s SaaS platform offers suppliers the ability to accelerate invoice payment on-demand, eliminating the need for costly receivable financing or credit card borrowing. Taulia’s free e-invoicing eliminates printing and mailing cost for suppliers, while interactive self-services reduce collection cost and remove the need for inquiries by providing 24/7 visibility, all free of charge.
Ament and Ian Sweeney, vice president of partner integrations, will demonstrate Taulia’s solution, including Cloud Finance and Early Payment Network, in the first session of FinovateSpring on Tuesday, May 8th between 9 - 10:15 am.