SAP Moves Into SCF Industry With Taulia Acquisition

SAP, the leading enterprise software company, recently joined the SCF or supply chain finance industry when they agreed to buy a majority stake at Taulia. A leading working capital solutions provider, Taulia provides early payment with the help of accounts and inventory receivable finance, dynamic discounting, and SCF. The company is now valued at a whopping US$400m according to the Wall Street Journal.

Following the deal with SAP, Taulia will continue to operate as an independent company under the SAP banner. Cedric Bru will remain the Chief Executive while Luka Mucic, the former Chief Financial Officer at SAP will become Chairman of Taulia’s board.

SAP has labeled Taulia as an important partner who has provided valuable integration into SAP solutions. They also confirmed that more than 80% of Taulia’s customers including valuable clients like AstraZeneca, Nissan, and Airbus now use SAP’s ERP systems. The new deal won’t rob Taulia’s non-SAP customers. They can continue working with Taulia’s standalone solutions to allow everyone to use the platform.

Luka Mucic from SAP also added that their new deal with Taulia will increase their portfolio and add value to their financial stability and flexibility. They will combine SAP’s huge CFO solution portfolio with Taulia’s deep working capital management expertise to become a new leader in the world of working capital management. The new models will help businesses seize their growth opportunities and improve their financial positions.

SAP and Taulia’s new partnership will not harm Taulia’s partnership with JP Morgan. The bank will continue its equity stake in fintech. SAP confirmed that they will welcome other strategic bank partners too to become equity partners in Taulia.





Other news

Most Recent Blogs View All Blogs

12 May

Top Ways Fintech Industry Is Getting Transformed Through Blockchain

If you are a businessman who is indulged in any kind of trade ie. import-export activity, you might ...

10 May

Fintechs Are Proving To Be A Boon For Small Exporters

Since the global pandemic of Covid-19 hit the world economy, the global traders have gone into deep ...

25 Apr

Letter of Credit Issuance Process - An Important Trade Finance Instrument

Looking for a letter of credit? This guide covers what an LC is, how it works & its process. Rea...

Disclaimer

Emerio Banque is an innovative global financial institution incorporated in England and Wales with Legal Entity Identifier 875500DGPPWAFABBK130. Emerio Banque does not offer its products and services to businesses and/or persons registered in the United Kingdom.

No information on this website should be construed as a solicitation, offer, recommendation, and representation of suitability or endorsement of any security, investment or strategy.

Important Notice

Emerio Banque would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services offered by us or any intermediary bearing similar names. You should verify with Emerio Banque by calling our Customer Service Number on +44 203 059 7831 or emailing help@emeriobanque.com

Please also be aware of bogus SMS messages and voice message calls or fraudsters who impersonate the staff of Emerio Banque.

We have recently become aware of a number of entities with different names misrepresenting themselves as associates, partners or agents of Emerio Banque.

Please be informed that Emerio Banque is not associated with nor do we have any business connections or dealings with such institutions.

Emerio Banque takes all information regarding suspicious fraudulent activity very seriously. Please immediately inform us at compliance@emeriobanque.com if you suspect or are approached by persons misrepresenting or impersonating Emerio Banque and/or its officials. We will make investigations and will take legal action where necessary.