25 May Tradeshift and Taulia capture synergy
Tradeshift, and Taulia have announced a partnership. Tradeshift’s enterprise customers can now integrate to SAP® with Taulia’s advanced connector. The press release yesterday announced that Taulia will launch its Dynamic Discounting application on the Tradeshift network for businesses of all sizes, adding value for both buyers and suppliers and easing the invoicing process for all.
We spotted the potential of both Taulia and Tradeshift in their early days and we’ve followed their progress with great interest. Indeed, both have subsequently become sponsors of Purchasing Insight and it’s exciting therefore to see them capitalize on the synergy that exists between them.
Through the Taulia partnership, Tradeshift customers can manage e-invoicing and dynamic discounting through a single, integrated platform. Dynamic discounting gives buyers the ability to generate excess returns on available cash, while suppliers can optimize their own cash flow. Buyers can receive e-invoices directly through their own SAP® ERP system, using Taulia’s certified SAP® add-on with no additional integration required. In addition, buyers can define their own dynamic discounting terms using the familiar SAP® interface.
Christian Lanng, CEO of Tradeshift, says, “The Tradeshift network already offers enormous value to our users but, as we see more third parties and partners creating apps, this is expanding exponentially. Invoicing is just the start of what’s possible when all businesses connect in this way, creating a better way to do business for everyone involved.”
“The creation of business networks that tie secure ERP systems to the systems of their trading partners worldwide is inevitable,” said Bertram Meyer, CEO of Taulia. “In a market where ‘people are moving to the cloud’, Taulia is already there; tightly integrated to SAP, with blue chip customers, thousands of suppliers and billions in spend under management. This alliance with Tradeshift is exciting, as it brings their excellent supplier facing solutions, as well as our best-in-class dynamic discounting right into SAP, and allows a richer, real, right-now solution for SAP users while extending savings and benefits to Tradeshift’s customer network.”