- Taulia and Standard Chartered signed a Memorandum of Understanding on cooperation in the field of working capital financing.
- The partnership will initially focus on supply chain financing and dynamic discounting.
- The agreement offers Taulia access to Standard Chartered’s global customer base.
A supply chain finance company Taulia signed the agreement with Standard Chartered this week. The agreement is in the form of a Memorandum of Understanding (MoU) on cooperation on a number of working capital financing solutions.
They will begin by focusing on supply chain financing and dynamic discounting, two solutions that Taulia offers to buyers. Taulia will leverage its expertise in this field, combined with Standard Chartered’s global client base, to help clients build a more resilient and sustainable supply chain.
Ultimately, the partnership aims to give suppliers access to working capital in a more efficient and cost-effective way.
“We are delighted to partner with Taulia to explore new and innovative ways to support our clients’ working capital needs and to extend the Bank’s leading expertise in sustainable trade across their business network,” said Standard Chartered Global Head of Trading and Working Capital Kai . Fer. “Taulia’s footprint also complements the Bank’s, offering us greater opportunities to support companies in the West with their supply chains in Asia, Africa and the Middle East.”
Taulia was founded in 2009 to help businesses improve their supply chains by providing financing options with flexible payment terms. Used by a network of two million organizations, the company’s tools help businesses accelerate payments and free up working capital. Taulia processes more than $500 billion annually. Taulia’s clients include Airbus, AstraZeneca, Nissan and Vodafone.
Tavla was purchased SAP earlier this year and today’s agreement marks the first MoU that Taulia has signed with a banking institution since the acquisition. Taulia expects that SAP support will help it access additional capabilities in the SAP ecosystem and provide a differentiated experience for both buyers and suppliers.
“We believe all CFOs need to focus on their cash strategy to deliver growth in these turbulent times, and our partnership with Standard Chartered will deliver cash when and where it is needed, particularly in emerging markets,” said the executive. of SAP Working Capital Management and CoE. Taulia Leadership Team member Thomas Mehlkopf.