SAP says the acquisition, for an undisclosed sum, is designed to give enterprise customers better access to liquidity and improve their cash flows
SAP says the acquisition, for an undisclosed sum, is designed to give enterprise customers better access to liquidity and improve their cash flows.
Taulia, headquartered in San Francisco, California, helps more than two million businesses access value tied up in their payables, receivables and inventory.
The fintech’s software platform enables those businesses to obtain early payment through supply chain finance, dynamic discounting and accounts receivable finance—and currently processes more than $500 billion each year.
Following completion, Taulia will operate as an independent company with its own brand in the SAP Group. Cédric Bru will continue as the fintech’s chief executive officer, while SAP chief financial officer Luka Mucic will become chairman of the board.
Mucic comments: “Taulia strengthens our portfolio and adds value to a point that is key to every company: financial flexibility and stability. With that, they contribute to making supply chains more resilient.”
Bru says: “Cash is the oxygen businesses need to breathe during challenging economic cycles and growth sprints. Coming together with SAP will help accelerate Taulia’s mission of helping businesses thrive by unlocking liquidity trapped in supply chains.”