02 Aug 2011 John Deere offer accelerated invoice payment to suppliers
Taulia have announced that their Dynamic Discount Optimizer solution has been chosen by John Deere to give the company’s worldwide suppliers the option to accelerate invoice payments.
“We are excited to work with John Deere’s finance operations group to bring advanced discounting services to their global supplier base,” said Bertram Meyer, CEO of Taulia. “The Taulia solution offers suppliers the option to accelerate invoice payments and thus meet their cash flow needs at much lower interest rates than offered by banks, purchasing cards or factoring.”
Suppliers visiting the John Deere supplier portal to view current invoice processing status will be able to select a “Pay Me Early” option next to approved invoices, a feature added by Taulia’s Dynamic Discount Optimizer solution.
Taulia provides cloud-based dynamic discounting solutions and supplier portals to Fortune 500 companies. With the Taulia Invoicement® Suite, these large organizations save millions of dollars annually in the form of additional discounts by enabling dynamic payment terms and on-demand payment acceleration for their suppliers. In addition, the Taulia Supplier Portal eliminates supplier inquiries by providing 24/7 visibility and comprehensive self-services free of charge. Suppliers value the ability to accelerate invoice payment “on-demand”, eliminating the need for costly receivable financing or credit card borrowing.