Taulia Expands International Reach with New Product Capabilities
- Published May 10, 2012
Solution Now Available in 12 Languages and More Than 50 Currencies as Demand for Automated Invoicing and On-Demand Payment Discounts Increases Worldwide
Taulia Inc., the only SAP®-certified SaaS platform for dynamic discounting today announced it has expanded the capabilities of its international platform, now available in 12 languages and 50 currencies. Already widely available across Europe and North America, the company is expanding to Asia with the addition of simplified Chinese to its platform. To date, Taulia has processed upwards of $70 billion in invoice spend around the world, and its e-invoicing technology is certified compliant in more than 40 countries. Making the platform more international-ready helps Taulia respond to increasing global demand for automated invoicing and on-demand payment discounts, helping companies improve supplier relations while gaining significant savings on invoice spend.
"The Asian market has lagged behind the curve in the use of e-invoicing technologies, but with the advent of wider availability and government support, adoption rates are expected to soar at a much faster pace than in the Western world," said Pete Loughlin, editor-in-chief of Purchasing Insight. "These latest enhancements from Taulia position them as one of the leading platforms in this space, and with their track record of success with large enterprises they are poised to make a significant impact across both Europe and Asia."
Taulia’s unique fusion of a certified SAP Add-On with a cloud-based, Software-as-a-Service (SaaS) platform provides large organisations the ability to negotiate payment terms with their supply base to achieve dramatic annual savings. The company partners with TrustWeaver to guarantee local legal recognition of e-invoices in more than 40 countries, ensuring they will be easily accepted as real, unchanged and compliant by tax auditors regardless of the country of origin or destination.
“We are dedicated to providing our customers’ the ability to realise significant savings on their entire invoice spend. To do that, we must help them address difficult compliance issues across country borders and serve their suppliers all around the world,” said Martin Quensel, managing director of Taulia, Europe. “The Taulia platform enables seamless e-invoicing, dynamic discounting capabilities, and a comprehensive suite of supplier self-services. Coupled with its expansive currency selection and language adaptations, Taulia’s platform is truly global in its scope.”
In addition to providing increased technical and regulatory capabilities for global companies, Taulia offers significant on-boarding support for its customers’ supply base around the world. Taulia’s complimentary e-invoicing eliminates printing and mailing expenses for suppliers, while 24/7 visibility reduces collection cost and removes the need for inquiries. All of these services are free to suppliers. This focus on supplier relations has allowed Taulia’s customers to see significant increases in global adoption rates, allowing them to realise a greater volume of early payment discounts.
Taulia will demonstrate its solution at several upcoming industry events including SAP Financials in Milan, Italy 6-8 June 2012, as well as Fusion 2012 in Nashville, Tennessee, 13-17 May, and SAPPHIRE in Orlando, Florida, 14-16 May. More information about these events can be found at http://www.taulia.com/en/about/events.
Taulia optimises the invoicing and payment process. With Taulia, large buying organisations can reduce their total spend and achieve double-digit returns on their cash positions, while their suppliers get paid earlier at a lower cost of capital than alternative options. Taulia's Dynamic Payment Platform offers e-invoicing, instant vendor portals and a sophisticated dynamic enterprise payment management system. Taulia's SAP-certified cloud based solution extends SAP financials beyond the enterprise. Customers include Coca-Cola Bottling Co. Consolidated, Pfizer, Pacific Gas & Electric, John Deere and other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco, California with offices in London, Düsseldorf, and New York City.
See official press release here