Spend Matters 50/50: Taulia – A Provider to Know in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about Taulia:

Taulia appears to have established itself as the provider in the hybrid e-invoicing/discounting market that has managed to build market share faster than any other solution in recent years. Taulia did this initially by combining a largely software (SaaS)-centric model with tight integration hooks into SAP systems along with a set of e-invoicing connectivity capabilities (including document exchange, XML/EDI format support), supplier portal, etc., and, of course, a full-featured discounting environment ... The other aspect of Taulia that we find refreshing is how they have been able to work with different sets of customers in procurement and accounts payable together ...

You can read more about what our US colleagues have to say on Taulia here. In Europe, the firm is also making waves having recruited a team a couple of years back and opened offices in London, Dusseldorf and Bulgaria ( a development centre, we would guess).

Initiatives such as this, as reported by the FT, show their growing influence here. "The Royal Bank of Scotland has partnered with Taulia in order to offer RBS’ corporate customers with the chance to pay their suppliers early and save millions of pounds a year and support the strength of small suppliers", the Financial Times writes. A serious option in Europe therefore and a competitor to Tungsten, Basware, Ariba and others who may have a longer track record on this side of the Atlantic, but are feeling the competitive pressure from Taulia.

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