US Government Contracting Taulia to Run Supply Chain Finance Program to Build Mexican Wall

April 1, 2017 Markus Ament

 

US Government Contracting Taulia to Run Supply Chain Finance Program to Build Mexican Border Wall
 
Innovative payment structure ensures America’s ‘Mom and Pop’ construction shops get paid fast

SAN FRANCISCO, April 1, 2017: President Trump and his cabinet are currently executing on his election pledge, the “Mexican Border Wall”. After receiving pushback concerning sustainability and payment terms, President Trump ordered his team to search for an innovative approach to building a robust, properly funded supply chain to ensure workers don’t down tools and stop work over payment disputes and halt this vital project for the security of the United States. Today, the Trump administration has announced that Taulia, the financial supply chain company, will run the supply chain finance program to ensure that suppliers get paid fast.

The administration’s ballpark estimated cost for his “huge, big, beautiful, powerful” wall is between $8-10 billion. However, construction experts suggest that it could  be much higher, estimating costs closer to $31 billion to build the 1,000 mile long wall with over 5,000 suppliers involved.

Construction companies often wait hundreds of days to get paid on their invoices and payment disputes are common, holding up vital building work. Taulia’s innovative technology-led approach to supply chain finance will mean that all 5,000 plus suppliers can get paid as soon as their invoices are approved so not only will the work go faster, but billions of additional dollars can flow into the construction industry helping to breathe life back into this vital sector of the US economy, supporting Trump’s pledge to “Make America great again”.

History shows us that without proper financing in place for suppliers things can disastrously go wrong. In China where long payment terms and high interest rates are the norm, many of the suppliers who helped to build the Great Wall of China are still waiting to be paid some 600 years after construction finished. In Berlin, poor financing of the Wall project led to construction short cuts being taken and poor materials being used resulting in the collapse of the Wall in 1989. In the UK, nearly 2,000 years after Hadrian’s Wall was built, Scotland is once again threatening to leave the Union over outstanding ‘wall payment’ claims it argues Parliament has left unresolved.
 
By selecting Taulia, President Trump is ensuring that all suppliers will get timely payment, helping to avoid future disputes, and make his vision for his “huge, big, beautiful, powerful” wall a reality.

For more information about Taulia, email aprilfools@taulia.com.

About Taulia
Taulia is the financial supply chain company powering the connected global economy. Taulia’s easy-to-use platform offers choice in when and how to pay and get paid and better access to working capital for both buyers and suppliers. Taulia connects companies across more than 130 countries and has freed up $35B in cash flow to fuel worldwide economic growth. Taulia is headquartered in San Francisco with offices in Park City, Utah; Austin, Texas; London; Düsseldorf; and Sofia, Bulgaria. Taulia is backed by leading technology investors including Trinity Ventures, Matrix Partners and Lakestar LP.

 

 

About the Author

Markus, or Maex as he is known, is Chief Product Officer at Taulia, where he is responsible for driving Taulia’s product and professional services strategy. Prior to co-founding Taulia, Maex was also a founding member of Ebydos, where he was instrumental in the conception and development of the Invoice Cockpit and Web Cycle solutions, which were eventually sold to ReadSoft in 2006. Maex joined ReadSoft as Chief Technology Officer and served on the board of ReadSoft US, as well as ReadSoft’s SAP

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