German tech and consulting giant and pretty much everything in between SAP acquired working capital management solution provider taulia. With this purchase, SAP is further extending its services to the finance office and, for now, Taulia will operate as an independent company under the SAP umbrella. At Taulia’s Cedric Bru will remain CEO and SAP CFO Luka Mucic will become chairman of the board. Financial details of the deal were not disclosed.
Offering prepayment terms, particularly in the area of supply chain finance, Taulia, which was founded in 2009, has saved a company’s life throughout the ongoing pandemic and disruption of the associated supply chain.
“Cash is the oxygen businesses need to breathe during tough economic cycles and growth sprints. Partnering with SAP will help accelerate Taulia’s mission to help businesses thrive by freeing up cash trapped in supply chains,” commented Taulia CEO Cédric Bru.
Over the past 13 years, Tailia has built up a network of financial partners who provide the necessary financing, including JP Morgan, UniCredit and a number of other leading banks.
As a proven SAP partner, Taulia is an exciting addition to the SAP service portfolio.
“Taulia strengthens our portfolio and adds value to a key point for every business: financial flexibility and stability. Thus, they contribute to making supply chains more resilient,” explains SAP CFO Luka Mucic. “Combining Taulia’s deep expertise in working capital management with SAP’s extensive portfolio of CFO solutions and integration into our core enterprise software and enterprise network solutions, we are well positioned to become a leader in working capital management. We will deliver these capabilities at scale to help companies improve their financial position and seize growth opportunities.”