Thursday 27th February, 2014

If last year was all about finding alternative methods of greasing the wheels of the supply chain, the signs are that this year will be focused on a sharpening of the detail, and making that happen smoother, faster - all the way down the chain. And today Taulia have announced that its new product, Taulia Enhanced Discounting will  go a long way to doing just that.

In a conversation with Nigel Taylor, a Director at Taulia he outlined a solution that provided a highly supplier financing program - one which allows organisations the option of either using their own cash, or the capital of a third party financial institution, to capture payment discounts. Which means that any organisation, regardless of size can offer their suppliers uninterrrupted, attractive financing, regardless of their cash positions, operating obligations, financial forecasts or future investment opportunities. In other words, the new Taulia solution has offered organisations the power of financial flexibility.

In the past within many organisations, working capital solutions have been extremely limited, failing to work across the entire supply chain.  Taulia Enhanced Discounting is the first platform that provides this flexibility, while still living up to the promise of being a win-win for buyers, suppliers and financial institutions. Taulia’s comprehensive supplier finance offering, which enables organizations to capture early payment discounts on all invoiced spend delivers on Taulia’s mission of addressing all the inefficiencies currently present in the financial supply chain.

 “We found that even if buyers wanted to offer financing programs to their entire supply chain, there was no efficient, cost-effective way for them to do that,” said Bertram Meyer, CEO of Taulia. “Our new solution allows buyers to offer customized early payment terms to each of their suppliers, including those typically excluded from bank-funded supply chain finance programs, based on each suppliers’ unique economic circumstances.” 

Taulia Enhanced Discounting will expand on Taulia Supplier Finance™, which currently includes Taulia’s innovative Dynamic Discounting offering. Dynamic Discounting helps organisations become more profitable by automating and maximizing supplier discounts, saving large buying organisations millions in discount capture, while providing suppliers with quick and inexpensive access to cash.