German tech and consulting and just about everything else giant SAP has acquired working capital management solutions provider Taulia. With the purchase, SAP is further expanding its services to the finance office, and for now, Taulia will operate as an independent company under the SAP umbrella. Taulia’s Cédric Bru will remain CEO, and SAP CFO Luka Mucic will become Chairman of the Board. The financial details of the deal were not disclosed.
Offering early payment terms, particularly in the area of supply chain finance, Taulia, which was founded in 2009, has been a lifesaver for a business throughout the ongoing pandemic, and associated supply chain disruptions.
“Cash is the oxygen businesses need to breathe during challenging economic cycles and growth sprints. Coming together with SAP will help accelerate Taulia’s mission of helping businesses thrive by unlocking liquidity trapped in supply chains,” commented Taulia CEO Cédric Bru.
Over the course of the past 13 years, Tailia has established a network of financial partners who provide the necessary funding, including J.P. Morgan, UniCredit, and a number of additional high-profile banks.
As an SAP partner with a proven track record of success, Taulia makes for an attractive addition to the SAP portfolio of services.
“Taulia strengthens our portfolio and adds value to a point that is key to every company: financial flexibility and stability. With that, they contribute to making supply chains more resilient,” explains SAP CFO Luka Mucic. “By combining the deep working capital management expertise of Taulia with SAP’s broad CFO solution portfolio and the integration into our core business software and Business Network solutions, we are well-positioned to become a leader in working capital management. We will offer these capabilities at scale to help businesses improve their financial position and seize growth opportunities.”
Would you like to write the first comment?Login to post comments