Bold Initiative Demonstrates Effectiveness of Taulia’s Dynamic Discounting Solution
Taulia Inc., the market-leading SaaS platform for dynamic discounting announced a new “Million Dollar Guarantee” program for 2013 that promises savings of at least one million dollars from discounts captured within the first year. Taulia's Fortune 500 customers have experienced savings well beyond a million dollars in the first year, allowing the company to be the only provider capable of making such a bold guarantee. Taulia will be introducing this new program at the SAP Financials conference in Las Vegas, March 19-22, 2013, at booth # 1024.
“The age-old dilemma with e-invoicing and automated supplier discount solutions has been the uncertainty of cost-saving promises,” said Pete Loughlin, managing editor of Purchasing Insight. “By guaranteeing an astonishing one million dollars in discount capture within the first year, Taulia has all but removed the last rationale organizations have had to delay deploying such a solution. The willingness of Taulia to hold its solution up to a measurable outcome is what makes it different from other vendors in the Purchase-to-Pay (P2P) space.”
With Taulia, organizations easily automate and maximize supplier discounts while strengthening relationships and reducing friction within the financial supply chain. Through an award-winning product lineup including electronic invoicing, supplier self services and a sophisticated dynamic discounting platform, Taulia enables some of the most innovative brands in the world to save millions annually by speeding payment to their trading partners in exchange for a discount.
“We have seen such phenomenal discounts for Fortune 500 customers using our dynamic discounting platform, that offering this “Million Dollar Guarantee” program was the next logical step,” said Bertram Meyer, CEO of Taulia. “We are confident that organizations who implement our solution will not only experience dramatic savings on their annual spend, but will also enhance their SAP capabilities through Taulia’s seamless integration, while streamlining AP activities and strengthening crucial relationships with their suppliers. Taulia has truly cornered the market on providing a win-win solution for both the buyer and the supplier.”
In order to qualify for Taulia’s “Million Dollar Guarantee” program, companies must have over $3 billion in annual invoice spend. In addition, they must use Taulia’s eInvoicing solution and adhere to the company’s best practices for supplier enablement and onboarding. Tracking on invoice discounts officially begins at the go-live stage of the implementation process.
Taulia provides cloud-based invoice, payment and dynamic discounting management solutions for large buying organizations throughout the world. Organizations can reduce their total spend and achieve double-digit returns on cash positions, while allowing their suppliers opportunities to benefit from early payments, eInvoicing capabilities and low-cost financing options. Some of the most innovative brands in the world rely on Taulia, including Coca-Cola Bottling Co. Consolidated, Pfizer, Pacific Gas & Electric, Hallmark, John Deere and other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco, California with offices in London, Düsseldorf, Germany, New York City and Park City, Utah. For more information, visit http://www.taulia.com.
Update 3/12/14: Taulia is extending the Million Dollar Guarantee in 2014 at SAP Financials!