Tuesday 20th August, 2013

Taulia has partnered with Dolphin to provide three of the premier Oil and Gas organisations with an AP automation solution, e-invoicing capabilities, inclusive self-services and dynamic discounting to over 100,000 of their suppliers.

These prominent Oil and Gas companies, two of whom are amongst the largest oilfield services companies in the world, are using Taulia’s Business Exchange™ solution to automate their invoice processes, improve their supplier relationships and dramatically increase their early payment discount opportunities.

Dynamic discounting has become increasingly popular in the Oil and Gas industry, as organisations continue to discover the value of paying their suppliers early. Taulia’s newest customers are expected to inject over $10 billion into the global economy through the Taulia platform, capturing in excess of $15 million annually in early payment discounts.

"We are pleased to help these organisations better manage their global payables processes and enable a level of visibility that will make their day-to-day operations dramatically easier, more effective and more adaptable to the changing technology environment,” said Bertram Meyer, CEO of Taulia."

"By offering supplier self-services and providing access to much needed capital, these organisations are able to empower their suppliers, while strengthening the global economy."

Inbox by Taulia wil also assist the Oil and Gas organisations in reaching 100% electronic invoicing, as it provides flexible invoice submission methods ideal for all suppliers regardless of maturity, size or location; free of charge.