SAN FRANCISCO & SINGAPORE–( BUSINESS WIRE )–Taulia, a leading provider of working capital solutions, and Standard Chartered have signed a Memorandum of Understanding (MoU) to collaborate on a range of working capital financing solutions, with an initial focus on The delivery of offers lies chain financing and dynamic discounting. This is the first letter of intent Taulia has signed with a banking institution since SAP acquired Taulia.
As part of the agreement, both parties will seek to provide supply chain financing and dynamic rebate solutions enabled by Taulia’s leading front-end platform and deeply integrated technology. Combined with the strength of Standard Chartered’s global presence, particularly in emerging markets, trade finance expertise and deep customer relationships, this collaboration will help customers increase the resilience and sustainability of their supply chains by enabling their suppliers more efficient access to working capital. and inexpensive.
Through the collaboration, Standard Chartered and Taulia will join forces to extend the reach of their working capital financing solutions to existing and new client networks, particularly multinationals that require global and local expertise and support. This is further enhanced by SAP’s recent acquisition of Taulia, which will unlock additional opportunities within the growing SAP ecosystem to provide differentiated experiences for buyers and suppliers.
“We are proud to announce the signing of the Memorandum of Understanding with Standard Chartered and this is another milestone in Taulia’s journey to grow our banking network and work closely with our partners to provide working capital solutions to all of our clients,” said Thomas Mehlkopf, Director. of Working Capital Management CoE at SAP and member of the Taulia Leadership Team. “We believe all CFOs should focus on their liquidity strategy to ensure growth during these turbulent times, and our partnership with Standard Chartered will deliver cash when and where it’s needed, particularly in emerging markets.”
“Ensuring our clients manage their working capital effectively is a key priority to ensure the sustainable growth of their businesses, especially given the complexities and challenges in today’s supply chains,” said Kai Fehr, global head of business and working capital, Standard Chartered . “We are excited to be working with Taulia to explore new and innovative ways to meet our clients’ working capital needs and extend the bank’s leading expertise in sustainable business to its business network. Taulie’s presence also complements that of the bank and gives us greater opportunities to support western companies with their supply chain flows to Asia, Africa and the Middle East.”
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Note to the editor
Taulia is a fintech provider of working capital management solutions based in San Francisco, California. Taulia helps companies access the value of their payables, receivables, and inventories.
A network of over 2 million businesses use the Taulia platform to schedule when they want to pay and when they want to get paid. Taulia enables its customers to implement their working capital strategies, support their suppliers with on-time payments and help build sustainable supply chains.
Taulia processes more than $500 billion each year and is trusted by the world’s largest companies including Airbus, AstraZeneca and Nissan.
In March 2022, Taulia became part of SAP. Taulia operates as an independent, branded company within the SAP group. Visit www.taulia.com for more information.
We are a leading international banking group with a presence in 59 of the world’s most dynamic markets and serving clients in a further 83. Our purpose is to fuel business and prosperity through our unique diversity, and our heritage and values are reflected in our brand promise , here forever.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
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