SAN FRANCISCO, CA--(Marketwired - November 11, 2015) - Taulia, Inc., the financial supply chain company, has been shortlisted in an Open RFI supervised by the Supply Chain Finance Community. As one of just six companies chosen out of 23 who submitted responses, Taulia will present its solution during the SCF Community Forum in Amsterdam on November 18, 2015.
The SCF Community, an international organization that promotes the use of supply chain finance to provide the world's small businesses with access to cash, launched the Open RFI on behalf of a group of Dutch multinational corporations. The RFI organizers invited more than 30 vendors to showcase how they would apply SCF solutions to small and medium-sized enterprises (SMEs) -- those with volumes of EUR200,000 and below.
"The RFI focused on the 'long tail' of suppliers -- SMEs that are often overlooked when it comes to financing programs, and yet make up an essential part of the supply chain. This is really a sweet spot for Taulia -- our solution eliminates the cost and onboarding obstacles to allow an organization to extend supply chain finance to every single one of its suppliers, regardless of size," said Maex Ament, Chief Product Officer and Founder of Taulia. "The RFI was a very competitive process that put us up against some of the largest and most established banks and technology platforms in the world. Our solution has worked for dozens of Fortune 500 companies, and we welcome the opportunity to present at the Forum and show Europe's leading corporations how we can deliver."
The project was supervised by experts at the SCF Community and within the corporations, who scored each entry against multiple criteria including:
- Qualifications and Strategy
- Solution Scope
- Platform Technology
- Implementation and On-boarding
- Transaction Volumes
- Accounting and Legal
- Incumbent SCF Provider
As well as presenting its Open RFI solution, Taulia will be supporting and exhibiting at the SCF Community Forum event, which takes place the the Beurs Van Berlage in Amsterdam on November 18, 2015.
ABOUT THE SUPPLY CHAIN FINANCE COMMUNITY
The Supply Chain Finance Community is a not-for-profit organization registered in the Netherlands and supported by European governments. The SCF Community Forum (http://www.scf-forum.com/), now in its third year, is Europe's leading conference for corporations, business schools, banks and technology vendors in the SCF arena.