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Demystifying the role of technology in supply chain finance: Blockchain

Blockchain has been described more than once as a “solution looking for a problem.” In recent years, the hype around this topic — namely the use of a distributed, decentralized public ledger to create an immutable record of transactions — has vastly outweighed its real-life applications. So what could blockchain have to offer the world of supply chain finance?

Supply chain health check: 10 things you should be doing in the COVID-19 era

As companies emerge from the coronavirus storm, it will be more important than ever to test the resilience of their supply chains in the current environment — and strengthen them in preparation for any future crises. From stress-testing the financial health of the supply chain to becoming more agile when onboarding new suppliers, companies should consider the following 10 actions:

Taulia: Vendor Analysis (Part 2) — Strengths and Weaknesses

Taulia is known for its working capital solutions, which include both of its early payment programs: self-funded and funded by third parties. But as mentioned in Part 1 of this Spend Matters PRO Vendor Analysis, Taulia’s platform also offers e-invoicing and AP automation solutions.

In Part 2, we'll give our insight into the strengths and weaknesses of Taulia's platform and offerings. Part 3 will provide a company SWOT analysis, a look at Taulia’s competitors and tech selection tips.

Taulia: Vendor Analysis (Part 1) — Background, Solution Overview, Tech Selection Tips

procurement

In 2009, Taulia started in the U.S. as one of the few dynamic discounting solutions in the market, and through the years, Taulia has become a leading SaaS platform for working capital. It enables a supplier early payment offering that can be funded by the buyer (dynamic discounting) and/or funded for supply chain finance (SCF) by global third-party funders like banks and capital markets.

Taulia's supplier network has grown from 30,000 suppliers to more than 1.8 million suppliers from over 160 countries around the globe, transacting over $500 billion annually. Taulia has a total capital raise of about $178 million since 2010.

Its platform also offers solutions for supplier self-service, e-invoicing and supplier information management (SIM).

Taulia has participated in Spend Matters’ SolutionMap for Invoice-to-Pay vendors since 2017, and for the 2020 Spring Solution Map edition, Taulia attained “Solution Leader” status in our Turn-Key and CIO Friendly personas, which means that Taulia has a combination of software capability and supporting services that delivers results and a defensible ROI, with strong IT support and CIO endorsement.

The first part of this Spend Matters PRO Vendor Analysis provides a company background and detailed solution overview, as well as a few situations when organizations should consider Taulia. The rest of this three-part research brief covers product strengths and weaknesses, Taulia's competitors, a SWOT analysis and tech selection tips.

Taulia

As part of the SolutionMap RFI process, Spend Matters continuously solicits customer references to determine a procurement technology provider’s placement on the ranking graphics. This is a Spend Matters curated summary of verified customer feedback for Taulia, a SolutionMap-ranked provider.

Taulia: What Makes It Great (Invoice-to-Pay SolutionMap Analysis)

Editor’s note: This “What Makes It Great” column is normally reserved for SolutionMap Insider Subscribersbut Taulia has generously agreed to support access for readers who are not yet members.  

Taulia originally led the way nearly a decade ago as the first standalone dynamic discounting (and invoice-to-pay) technology provider to build material traction on its own, primarily selling into the SAP customer base (owing to tight technical integrations with SAP ECC). Flash-forward to today, and Taulia has expanded from its roots into a broad-based trade financing (receivables and payables financing) and invoice-to-pay specialist that integrates with a range of popular ERP and source-to-pay systems. It also brings third-party capital and funding options to the table (bank, multi-bank and non-bank).

As a specialist in the invoice-to-pay market, Taulia differentiates itself in a number of functional/solution areas and is capable of selling both “plumbing” (i.e., technology in support of invoice-to-pay) and outcomes (e.g., business value through working capital improvement). As the Spend Matters Q2 2018 Invoice-to-Pay SolutionMap illustrates, Taulia delivers above-the-benchmark functional capability across these and dozens of other key requirements. Its SolutionMap performance provides compelling evidence that the provider is a must-shortlist candidate for the majority of invoice-to-pay buying scenarios.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.