Silver Sponsor: Taulia
A better way for suppliers and buyers
Everyone recognises that the current economic climate is tough for suppliers. Bank lending globally continues to tighten and large businesses are seeking to improve their working capital position, often by extending payment terms. This pincer movement is placing ever more financial strain on suppliers, starving them of vital cash.
We all know that a healthy supply chain is vital for businesses to successfully innovate and grow, so how can we solve this apparent buyer:supplier dilemma? Legislation can help, but it’s very much a big stick approach.
We at Taulia believe that there can be a better way for buyers and suppliers; a way where both suppliers and buyers benefit. We enable businesses to pay their suppliers on time or early using the buying company’s own cash or that of a third party. Our customers pay their suppliers in as little as 10 days in return for a discount. Suppliers benefit because they get access to the vital cash they need. Buyers benefit as they pay less, adding millions to their bottom line.
Where does Supply Chain Finance fit in? If a buying company is working capital sensitive, third party cash can be injected into our platform to pay suppliers instead of the buyer using their own cash, thus preserving or enhancing working capital.
And what’s more, because we use cutting edge SaaS technology to connect a buyer with the whole supply chain, all suppliers get access to the cash that they need to invest and grow their business.
Taulia is the fastest growing SaaS platform and network for Supplier Financing and Purchase-to-Pay automation. Some of the smartest brands in the world rely on Taulia, including Coca-Cola Bottling, eBay, Hallmark, PayPal, and many other Fortune 500 companies from various industries. Taulia has offices in San Francisco, London, Dusseldorf and Sofia.
For more information contact email@example.com or see me at the Forum for a conversation.
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