24 May 2011 Taulia joins Purchasing Insight as a sponsor
Supply chain finance generally and dynamic discounting in particular has been has been featured quite heavily in Purchasing Insight. It’s not an entirely new concept but in the last year or so it has gained a great deal of traction as a means of getting a real and significant commercial return by being clever with the way invoices are settled and this week, Purchasing Insight is delighted to welcome Taulia, the leading dynamic discounting solution provider, as its first sponsor.
Taulia is a solution provider specializing in Software-as-a-Service (SaaS) solutions that help large organizations achieve double-digit returns on their cash and minimize the impact of increased cash positions on their profitability by optimizing their financial supply chain and paying suppliers early in return for additional discounts.
The Taulia Invoicement® Suite increases productivity in Accounts Payable (A/P) and effectively turns A/P into a profit center by leveraging speedier processes and dynamic discount terms to capture discounts on the entire spend and beyond traditional rates. The solution includes a cloud-based supplier portal that is entirely free and provides complete self-services for suppliers, including supplier information management, purchase order (PO) retrieval and invoice management automation. The Taulia Invoicement Suite enables Procurement to expand discount terms to all suppliers and lower purchase prices with all suppliers, while corporate treasurers gain access to risk-free short-term investment opportunities that yield double-digit returns.
Headquartered in San Francisco, Taulia is the only SAP Partner that offers a certified SaaS-based dynamic discount management solution.