KPMG & Taulia Team up to Target E-Invoicing, Supply Chain Finance Kaitlyn McAvoy - December 11, 2015 6:00 AM | Categories: Finance, Industry News, Invoicing, Technology | Tags: General News, L2 KPMG and Taulia announced Thursday a new partnership aimed at providing customers with expanded ways to finance their supply chain. The move connects KPMG, an audit, tax and advisory firm, with Taulia’s technology solutions, which bring together invoicing, accounts payable automation, dynamic discounting and supply chain finance capabilities. The combination of KPMG’s supply chain and procurement transformation services and Taulia’s technology suite will help “streamline the flow of financial information between buyers and suppliers,” according to the press release accompanying the announcement. The two companies are looking to improve procure-to-pay (P2P) efficiencies, supply chain financing options for their customers and grow trading partners across the supply chain. Brian Murphy, operations advisory director at KPMG, said the firm’s clients were increasingly demanding a supply chain finance solution. These clients were seeking advice and insight around payment terms and process improvement terms, but KPMG lacked the technology that could properly deliver those services. Murphy called Taulia a leader in this space, making the company a good choice for a partner. Markus Ament, chief product officer for Taulia, said the value KPMG brings to the new partnership is its clear understanding of business and finance processes and its ability to accelerate improvements in these areas for its clients. KMPG will also be able to help with onboarding and engaging suppliers as well as buyers, Markus said. “That’s one of the strengths KPMG brings to this relationship,” Markus told Spend Matters earlier this week. “KPMG will help to build alignment within organizations across CFOs, procurement, treasury and A/P and will also provide an important boost to get suppliers on-board.” Stay tuned to Spend Matters next week as we take a closer look at this partnership and what it offers procurement and finance organizations. In the meantime, Jason Busch, Spend Matters founder and head of strategy, offered his initial thoughts on the announcement: “This is anything but a traditional systems integration-centric procurement or A/P automation consulting partnership for Taulia,” Jason said. “While KPMG is bringing integration, configuration and deployments capabilities to Taulia as they have done with other P2P technology partners, the real power of the combination is in leveraging KPMG’s influence, relationships and capabilities to create working capital strategies and drive alignment through to P2P, trade financing and payment execution within client organizations.” “This alignment is lacking today in the vast majority of organizations and is the reason why so many discounting and supply chain finance programs are in their infancy despite great technology backing them up,” Jason noted. Related ArticlesSpend Matters 50/50: Taulia – A Provider to Know in 2015GT Nexus and Purchase Order Finance – Going Upstream from Taulia, Tungsten and AribaSpend Matters Asks the Financial Supply Chain Expert: Taulia's New CEO Answers our QuestionsEverything You Thought You Knew About Taulia and Tungsten is WrongRBS selects Taulia to close Gap in Supply Chain finance offerings Discuss this: Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.