Taulia Announces 2022 Results With New Client Wins Doubling Year-Over-Year
SAN FRANCISCO--(Business Wire / Korea Newswire) February 24, 2023 -- Taulia, a leading provider of working capital management solutions, celebrates a landmark year in 2022. Following Taulia’s acquisition by SAP, the world’s largest provider of enterprise application software, it has seen rapid increase in new customers and growth in its network to over 3 million suppliers.
In 2022, the business has more than doubled the number of new client wins compared to 2021, including signing international businesses such as Dole Asia, Hapag-Lloyd and World Wide Technology (WWT).
WWT Executive Board & WWT President & MD International, Omar Mir said, “Taulia is a key partner to us and has supported us in achieving sustained growth during a period of economic uncertainty for our customers. Their innovative and flexible approach to Working Capital Management, strategic vision, and the backing of SAP enables our business to run better and provide a best-in-class experience for our customers.”
Other achievements in 2022 include:
· Added new product capabilities for Accounts Receivable Finance and Sustainable Supplier Finance
· Established a strategic partnership with Standard Chartered Bank
· Grew its network of funding partners by 25%
· Increased headcount to more than 425 employees globally
· Appointed Danielle Weinblatt as Chief Product Officer and Steve McDermott as Chief Sales Officer
“2022 was a pivotal year for Taulia,” said Bob Glotfelty, Chief Growth Officer, Taulia. “Working alongside SAP, we’ve been able to amplify the impact we have on businesses both large and small, allowing them to accelerate their working capital and navigate a challenging economic environment. I couldn’t be more excited to see what we can achieve together with our customers and partners in 2023.”
Taulia is a fintech provider of working capital management solutions headquartered in San Francisco, California. Taulia helps companies access value tied up in their payables, receivables, and inventory. A network of more than 3 million businesses use Taulia’s platform to determine when they want to pay and be paid. Taulia enables its customers to execute their working capital strategies, support their suppliers with early payment, and contribute to building sustainable supply chains. Taulia processes more than $500 billion each year and is trusted by the world’s largest companies, including Airbus, AstraZeneca, and Nissan. In March 2022, Taulia became part of SAP. Taulia operates as an independent company with its own brand in the SAP Group.
For more information, please visit www.taulia.com.
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This is a news release distributed by Korea Newswire on behalf of this company.