Taulia Content

Supplier Networks and the Source-to-Pay Process: Taulia Connect Dispatch

supplier network

At Taulia Connect Tuesday, Hackett’s Amy Fong provided an overview of dozens of various Hackett Group metrics and benchmarks spanning procurement, accounts payable, treasury and related areas. Hackett is increasingly delving into certain aspects of technology as well in its survey work, including the usage of supplier networks to support the source-to-pay process.

The Funniest CPO in the Business is Dead Serious About E-Invoicing and the Financial Supply Chain: Taulia Connect Dispatch

Yesterday, I tweeted from Taulia Connect that Tom Mathis, head of procurement at of Milliken (he calls himself chief sourcing officer) is the funniest CPO on the planet. He is in the wrong line of work. Seriously, he’s Seinfeld/Larry David funny. Mathis spent 45 minutes keeping the crowd on their toes with a bunch of one-liners — in addition to telling a great story of procurement, accounts payable and treasury improvements at Milliken.

A Shocking Hackett Finding — Treasury, DPO and Procurement Alignment: Taulia Connect Dispatch

Treasury procurement alignment

Earlier today, Hackett’s Amy Fong gave a phenomenal talk, taking the audience on a journey through a range of Hackett purchase-to-pay (P2P), treasury and payables benchmarks, KPIs and recommendations. I’ll cover a number of the highlights from the presentation in a separate post, but I wanted to share one quick highlight that jumped out at me. It’s a radical finding: In a 2015 Hackett Payment Practices Poll, the firm found that treasury departments primarily want to implement solutions “to provide supplier financial liquidity rather than direct working capital improvements.”

Taulia Connect Dispatch: Kicking Things Off With Vision and Numbers

Taulia Connect Cedric Bru

Earlier this morning, Cedric Bru, Taulia’s CEO, welcomed approximately 400 attendees to Taulia Connect, the firm’s customer conference in San Francisco. Cedric’s talk was about as visionary and big picture as it gets. He spent less than a minute going through the usual company and product updates that a CEO often frames at these types of events (see some quick updates on company numbers below). He spent more time making the audience dance. (Yes, he took us through a few moves.)

An Interview With Taulia’s Cedric Bru: Taulia Connect Dispatch (Part 1)

Global Procurement Tech Summit

Cedric Bru, Taulia’s CEO, is no stranger to the world of trade financing and supplier connectivity. Just before Taulia Connect, Cedric shared with me a number of thoughts on topics ranging from Taulia’s position in the market today to the future of trade financing beyond the current world of e-invoicing, dynamic discounting and supply chain finance. We’ll feature this interview in multiple installments throughout the week, in addition to live coverage from Taulia Connect.

Taulia Breaks Its Marketing Silence, Announces Q4 Momentum and More

Taulia Q4 results

Taulia reported record fourth quarter results Monday, with new bookings growth up 219%. The financial supply chain solution company said the new customers it gained in the fourth quarter will add 50,000 suppliers in 71 countries, as well as $65 billion in spend to the existing Taulia platform. Additional milestones for Taulia in Q4 included making more than $50 billion in financing available to suppliers across the globe and retaining its 100% customer renewal rate.

A/P and Procurement Savings: Capturing and Realizing Negotiated Sourcing Value

procurement savings

While many organizations believe that savings originates from a good contract, it really comes from good execution. A negotiated rate reduction of 5% is just a hypothetical savings number if the organization fails to implement and then capture the savings in practice. On average, Spend Matters research suggests that companies typically do not capture 30% or more of negotiated savings. There are a variety of reasons for this, including maverick spend and expedited shipping, but a big reason is simply overspending based on a failure to align functions and systems.

Procurement and Finance: Investigating a Simple Recipe for True Alignment

e-invoicing

Despite all of the talk of alignment in trade publications or solution provider marketing content, procurement and finance are rarely on the same page. The reason is simple: Procurement sees its job as acquiring goods — and increasingly services, too. Accounts payable (A/P) sees its job as processing invoices in-line with finance's guidelines in the most efficient way possible. Too often, purchasing and A/P alignment doesn’t happen, though the savings realization would improve it if did.

CPOs Owning Accounts Payable – Does Supply Chain Finance Make it Interesting at Last? [PRO]

Historically, most CPOs and procurement leaders have not taken a huge amount of interest in the final stage of the end-to-end purchase-to-pay process. The mysterious land of Accounts Payable (AP) has been out of bounds to many of us in the profession. But that was, if we’re being honest, how we liked it. In my ten years as a CPO in three organisations, I never had any desire to expend my empire in that direction. It didn’t look like a “mysterious” place in a good way – it was full of people doing what looked like pretty dull administrative tasks for a start, not what we wanted to be as we tried to build our procurement functions into strategic, business focused powerhouses. So in the vast majority of organisations, procurement has been happy to let AP stay under the auspices of Finance.