Tuesday 19th March, 2013

Taulia, launches a “Million Dollar Guarantee” program for 2013 that promises savings of at least one million dollars from discounts captured within the first year. Taulia's Fortune 500 customers have experienced savings well beyond a million dollars in the first year, allowing the company to be the only provider capable of making such a bold guarantee. The new program will be introduced at the SAP Financials conference in Las Vegas.

Pete Loughlin, managing editor of Purchasing Insight said: "The age-old dilemma with e-invoicing and automated supplier discount solutions has been the uncertainty of cost-saving promises." 

He added: "By guaranteeing an astonishing one million dollars in discount capture within the first year, Taulia has all but removed the last rationale organisations have had to delay deploying such a solution.

Taulia allows organisations to easily automate and maximize supplier discounts while strengthening relationships and reducing friction within the financial supply chain. Through an award-winning product lineup including electronic invoicing, supplier self services and a sophisticated dynamic discounting platform, Taulia enables some of the most innovative brands in the world to save millions annually by speeding payment to their trading partners in exchange for a discount.

“We have seen such phenomenal discounts for Fortune 500 customers using our dynamic discounting platform, that offering this “Million Dollar Guarantee” program was the next logical step,” said Bertram Meyer, CEO of Taulia. “We are confident that organizations who implement our solution will not only experience dramatic savings on their annual spend, but will also enhance their SAP capabilities through Taulia’s seamless integration, while streamlining AP activities and strengthening crucial relationships with their suppliers. Taulia has truly cornered the market on providing a win-win solution for both the buyer and the supplier.”

In order to qualify for Taulia’s “Million Dollar Guarantee” program, companies must have over $3 billion in annual invoice spend. In addition, they must use Taulia’s eInvoicing solution and adhere to the company’s best practices for supplier enablement and onboarding. Tracking on invoice discounts officially begins at the go-live stage of the implementation process.