Singapore & San Francisco, United States:
Taulia, a number one supplier of working capital options, and Standard Chartered have signed a memorandum of understanding (MoU) to collaborate throughout a spread of working capital finance options, with an preliminary deal with the supply of provide chain finance and dynamic discounting. This marks the primary MoU that Taulia has signed with a banking establishment, following SAP’s acquisition of Taulia.
This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/news/home/20220920005878/en/
As a part of the settlement, each events will look to supply provide chain finance and dynamic discounting options, enabled by Taulia’s market-leading front-end platform and deeply built-in know-how. Combined with the power of Standard Chartered’s world presence particularly within the rising markets, commerce finance experience and deep consumer relationships, the collaboration will assist shoppers improve the resilience and sustainability of their provide chains, by enabling their suppliers to acquire entry to working capital extra effectively and affordably.
Through the collaboration, Standard Chartered and Taulia will be part of forces to prolong the attain of their working capital finance options throughout each current and new consumer networks, particularly multinational firms that require the experience and help at a worldwide and native stage. This shall be additional strengthened by way of Taulia’s current acquisition by SAP, which is able to unlock additional alternatives throughout SAP’s rising ecosystem to ship a differentiated expertise for patrons and suppliers.
“We are proud to announce the signing of the MoU with Standard Chartered and this marks another milestone in Taulia’s journey to grow our bank network and work closely with our partners to deliver working capital solutions for all of our clients,” stated Thomas Mehlkopf, Head of Working Capital Management CoE at SAP and member of the Taulia Leadership Team. “We believe that all CFOs should focus on their cash strategy to ensure growth during these turbulent times and our partnership with Standard Chartered will deliver cash when and where it is needed, especially in emerging markets.”
“Ensuring our clients are managing their working capital efficiently is a key priority in ensuring that their businesses grow sustainably, especially with the complexities and challenges in today’s supply chains,” stated Kai Fehr, Global Head of Trade & Working Capital, Standard Chartered. “We are excited to work with Taulia to explore new and innovative ways to support our clients’ working capital needs, as well as extending the Bank’s leading sustainable trade expertise into their business network. Taulia’s footprint also complements that of the Bank, offering greater opportunities for us to support companies in the West with their supply chain flows into Asia, Africa and the Middle East.”
— ENDS —
Note to editors
Taulia is a fintech supplier of working capital administration options headquartered in San Francisco, California. Taulia helps firms entry worth tied up of their payables, receivables, and stock.
A community of greater than 2 million companies use Taulia’s platform to decide when they need to pay and be paid. Taulia allows its prospects to execute their working capital methods, help their suppliers with early cost, and contribute to constructing sustainable provide chains.
Taulia processes greater than $500 billion every year and is trusted by the world’s largest firms, together with Airbus, AstraZeneca, and Nissan.
In March 2022, Taulia turned a part of SAP. Taulia operates as an impartial firm with its personal model within the SAP Group. For extra data, please go to www.taulia.com.
We are a number one worldwide banking group, with a presence in 59 of the world’s most dynamic markets, and serving shoppers in an extra 83. Our objective is to drive commerce and prosperity by way of our distinctive range, and our heritage and values are expressed in our model promise, right here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
For extra tales and knowledgeable opinions please go to Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.