- Taulia and Commonplace Chartered signed a Memorandum of Understanding to collaborate on working capital finance options.
- The partnership will initially deal with provide chain finance and dynamic discounting.
- The settlement will provide Taulia entry to Commonplace Chartered’s international consumer base.
Provide chain finance firm Taulia has inked an settlement with Commonplace Chartered this week. The settlement comes within the type of a Memorandum of Understanding (MoU) to collaborate throughout a variety of working capital finance options.
The 2 will start by specializing in provide chain finance and dynamic discounting, two options that Taulia presents to patrons. Taulia will use its experience on this space, mixed with Commonplace Chartered’s international consumer base, to assist purchasers construct a extra resilient and sustainable provide chain.
In the end, the partnership goals to allow suppliers to entry working capital in a extra environment friendly and value efficient method.
“We’re excited to work with Taulia to discover new and revolutionary methods to help our purchasers’ working capital wants, in addition to extending the Financial institution’s main sustainable commerce experience into their enterprise community,” mentioned Commonplace Chartered World Head of Commerce & Working Capital Kai Fehr. “Taulia’s footprint additionally enhances that of the Financial institution, providing higher alternatives for us to help firms within the West with their provide chain flows into Asia, Africa and the Center East.”
Taulia was based in 2009 to assist companies enhance their provide chains by offering financing choices with versatile fee phrases. Utilized by a community of two million organizations, the corporate’s instruments assist companies speed up funds and liberate working capital. Taulia processes over $500 billion yearly. Amongst Taulia’s purchasers are Airbus, AstraZeneca, Nissan and Vodafone.
Taulia was acquired by SAP earlier this yr and at this time’s settlement marks the primary MoU that Taulia has signed with a banking establishment post-acquisition. Taulia anticipates that having the backing of SAP will assist it entry additional alternatives throughout SAP’s ecosystem and ship a differentiated expertise for each patrons and suppliers.
“We imagine that every one CFOs ought to deal with their money technique to make sure progress throughout these turbulent occasions and our partnership with Commonplace Chartered will ship money when and the place it’s wanted, particularly in rising markets,” mentioned SAP Head of Working Capital Administration CoE and member of the Taulia Management Staff Thomas Mehlkopf.
Picture by Tiger Lily