Taulia Connect Dispatch: Kicking Things Off With Vision and Numbers

Taulia Connect Cedric Bru luciano mortula/Adobe Stock

Earlier this morning, Cedric Bru, Taulia’s CEO, welcomed approximately 400 attendees to Taulia Connect, the firm’s customer conference in San Francisco. A few of the Spend Matters and Trade Financing Matters crew are in attendance.

The Taulia Connect audience represents a mix of customers, prospects and increasingly, partners as well (including KPMG, which has carved out anything but a run-of-the mill partnership with Taulia). Other consulting firms, not partnered with Taulia, were also in attendance.

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.)

I found Cedric’s talk about as great a contrast with the “old” Taulia as it gets — a tech firm focused deeply on product and tactical customer/supplier enablement, perhaps the “geekiest” e-invoicing and trade financing provider in the market.

That’s still there behind the scenes. But you wouldn’t know it from Cedric’s discussion, which centered on positioning taulia as a “business network” at the center of new types of business connectivity with the ambitious goal of “boasting worldwide economic growth” through enabling a connected financial supply chain.

Cedric sounded more like he was campaigning for office on a vision than selling a technology or fintech product — not a bad thing, mind you, but a giant transition for the firm. We’ll revisit this later as we summarize our findings from the event.

In the meantime, here are few quick updates by the numbers (from Cedric’s talk):

  • Taulia Connect attendance is up 100% from the first Taulia connect, which took place in 2014 and had 208 attendees
  • Taulia had 100 buyer (procurement and accounts payable) customers at the end of 2015
  • Taulia’s Q4 (2015) bookings grew 219% year-over-year
  • Taulia has realized a 100% customer retention rate
  • Taulia said it has injected $35 billion into the world economy from “accelerated invoices”
  • The provider has suppliers in more than 100 countries today. (Taulia said it has 700,000 suppliers in its network that have been onboarded.)

Stay tuned for more live coverage this week from Taulia Connect.

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