Tradeshift and Taulia Partner to Offer Immediate Supplier Networks and Dynamic Discounting Integrated to SAP
- Published May 24, 2012
Partnership Brings Taulia’s SAP-Certified Add-On and Dynamic Discounting Capabilities to Tradeshift Users
Tradeshift, an online business network that simplifies and automates common tasks such as invoicing and supply chain finance, together with Taulia, the only SAP®-certified cloud platform for dynamic discounting, today announced that Tradeshift’s enterprise customers can now integrate to SAP® with Taulia’s advanced connector. Taulia will launch its Dynamic Discounting application on the Tradeshift network for businesses of all sizes, adding value for both buyers and suppliers and easing the invoicing process for all.
Through the Taulia partnership, Tradeshift customers can manage e-invoicing and dynamic discounting through a single, integrated platform. Dynamic discounting gives buyers the ability to generate excess returns on available cash, while suppliers can optimize their own cash flow. Buyers can receive e-invoices directly through their own SAP® ERP system, using Taulia’s certified SAP® add-on with no additional integration required. In addition, buyers can define their own dynamic discounting terms using the familiar SAP® interface.
Christian Lanng, CEO of Tradeshift, says, “The Tradeshift network already offers enormous value to our users but, as we see more third parties and partners creating apps, this is expanding exponentially. Invoicing is just the start of what’s possible when all businesses connect in this way, creating a better way to do business for everyone involved.”
“The creation of business networks that tie secure ERP systems to the systems of their trading partners worldwide is inevitable,” said Bertram Meyer, CEO of Taulia. “In a market where ‘people are moving to the cloud’, Taulia is already there; tightly integrated to SAP, with blue chip customers, thousands of suppliers and billions in spend under management. This alliance with Tradeshift is exciting, as it brings their excellent supplier facing solutions, as well as our best-in-class dynamic discounting right into SAP, and allows a richer, real, right-now solution for SAP users while extending savings and benefits to Tradeshift’s customer network.”
Tradeshift connects businesses on a secure online network to help them work collaboratively and manage tasks such as invoicing and cash flow. In the Tradeshift cloud, businesses create a network with their suppliers, customers and partners to streamline common business processes powered by the latest social technologies.
Launched in May 2010, Tradeshift has 100,000 companies across 190 countries. Businesses on the Tradeshift platform include ASP NHS, the French Government, Kuehne+Nagel, TDC, DSM, DT Group and DSV. In 2010, Tradeshift was awarded Best Enterprise at The Techcrunch Europa awards and Most Innovative Solution by Financial-I. In 2011 the company was also highly commended for “Kicking ass globally” at the Techcrunch Europas.
Tradeshift Inc has offices in Copenhagen, London, San Francisco, Paris, Frankfurt and Amsterdam.
Tradeshift fundamentally shifts the way you do business. For more information, visit http://tradeshift.com/
Taulia optimizes the invoicing process. With Taulia, large buying organizations 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. With over $70BN under management, 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, with offices in New York, London, England and Düsseldorf, Germany. For more information, visit http://www.taulia.com.
See official press release here