Continuing from the multifaceted value that Taulia solutions bring, let’s delve into specific instances where leading companies have achieved substantial benefits by leveraging these solutions.
A consumer goods company and a commercial aircraft manufacturer exemplify how businesses across industries have gained significant advantages from using Taulia solutions, illustrating the transformative impact of these innovative financial technologies.
A consumer products company aimed to optimize their working capital by streamlining payment terms and providing alternative financing options for their suppliers. They chose to implement the Taulia Working Capital Management platform because it provided a Supply Chain Finance (SCF) solution that overcame the common challenges associated with traditional bank-led programs. The platform's flexibility allowed it to support their entire supplier base, from small to large suppliers, and ensured a swift, efficient, professional, and scalable onboarding process. The implementation of the solution was impressively completed within just four months. Remarkably, just one month after going live, the program unlocked over $92 million in working capital, surpassing their initial target of $70 million by 132%.
A semiconductor manufacturer wanted to increase discount yield and chose Taulia's Working Capital Management platform. They were impressed by Taulia's buyer-funded early payment capabilities and the operational benefits of their unified self-service portal for suppliers. A key factor in choosing Taulia solutions as the platform's ability to handle early payments and diverse invoice requirements globally, with expert support from Taulia Business Consulting, Supplier Outreach, and Technical Support teams. In its first year, the firm captured $1 million in discounts, a figure that now exceeds $4.5 million annually. Additionally, when enrolled in the Dynamic Discounting program, 95% of suppliers sped up all their invoices. The program is widely used in the US and Europe, and there are plans for expansion into Latin American and Asia-Pacific regions.
An aerospace company was in search of a leading Supply Chain Finance (SCF) provider to support its group working capital goals and enhance Corporate Social Responsibility and supplier relationships. The company needed a solution that could seamlessly integrate with both old and new SAP ERP systems, highlighting the importance of automation and integration.
After a thorough evaluation, the company chose Taulia solutions due to its deep expertise in SAP, which was crucial for its SAP S/4HANA technology transformation strategy. The user-friendly interface and rapid onboarding process were essential for streamlining supplier communication and collaboration. Notably, Taulia’s comprehensive Working Capital Management platform, which stands out from most bank-offered solutions, was a major factor in their decision. As a result of this successful program, $6.2 billion in spend has been accelerated to suppliers over the past 12 months, marking the project as a significant success for our client.
One of our clients, a global tire manufacturer, is dedicated to building a sustainable supply chain that emphasizes sustainability and Environmental, Social, and Governance (ESG) criteria. They launched a comprehensive Sustainable Supply Chain Financing (SSCF) program to incentivize suppliers with high ESG ratings by offering preferential discounts.
Powered by the Taulia Working Capital Management platform, this program facilitates quick supplier onboarding and ensures transparency and efficient early payments. The initiative has been successfully implemented in Europe, India, South Africa, and North America, with dynamic discounting functionality enabled. The program earned recognition as 'Best Supply Chain Finance Solution' at the 2021 Adam Smith Awards, marking its success. This initiative not only supports the company's sustainability objectives but also fosters accountability and transparency within the supply chain, underscoring its commitment to responsible stakeholder capitalism.
Taulia's financial solutions are recommended by global enterprises and industry analysts alike. Our ability to streamline financial processes makes us a reliable partner for businesses seeking growth and efficiency. Customers also benefit from our working capital management program, allowing them to reinvest these gains into other digital transformation initiatives.