Taulia and Standard Chartered Sign Memorandum of Understanding to Advance Working Capital Management Solutions and Strengthen Financial Supply Chains
SAN FRANCISCO AND SINGAPORE–(BUSINESS WIRE)–Taulia, a leading provider of working capital solutions, and Standard Chartered have signed a memorandum of understanding to collaborate on a range of working capital financing solutions, with an initial focus on providing supply chain and dynamic discounting. This is the first memorandum of understanding that Taulia has signed with a banking institution, following the acquisition of Taulia by SAP.
As part of the agreement, both parties will seek to offer supply chain finance and dynamic discounting solutions, enabled by Taulia’s market-leading front-end platform and deeply integrated technology. Combined with the strength of Standard Chartered’s global presence, particularly in emerging markets, its trade finance expertise and deep client relationships, the collaboration will help clients build the resilience and sustainability of their chains. supply chain, allowing their suppliers to access working capital more efficiently. and profitably.
Through this collaboration, Standard Chartered and Taulia will join forces to extend the reach of their working capital financing solutions across existing and new customer networks, particularly multinational companies who need expertise and support for global and local levels. This will be further enhanced by the recent acquisition of Taulia by SAP, which will open up new opportunities in SAP’s growing ecosystem to deliver a differentiated experience for buyers and suppliers.
“We are proud to announce the signing of the Memorandum of Understanding with Standard Chartered and this marks another step in Taulia’s journey to grow our banking network and work closely with our partners to deliver working capital solutions to all of our customers,” said Thomas Mehlkopf, Head of Working Capital Management CoE at SAP and a member of Taulia’s management team. “We believe all CFOs should focus on their cash strategy to ensure growth in these turbulent times and our partnership with Standard Chartered will provide liquidity when and where it is needed, particularly in emerging markets.”
“Ensuring that our customers manage their working capital effectively is a critical priority to ensure the sustainable growth of their businesses, especially with the complexities and challenges of today’s supply chains,” said Kai Fehr. , Global Head of Trade and Working Capital, Standard Chartered. “We are delighted to work with Taulia to explore new and innovative ways to meet our clients’ working capital needs, as well as to extend the Bank’s leading expertise in sustainable commerce to their network of customers. ‘business. Taulia’s footprint also complements that of the Bank, providing us with greater opportunities to support Western companies in their supply chain flows to Asia, Africa and the Middle East.
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Note to Editors
Taulia is a fintech provider of working capital management solutions headquartered in San Francisco, California. Taulia helps companies access the value linked to their payables, receivables and inventories.
A network of over 2 million businesses use Taulia’s platform to determine when they want to pay and get paid. Taulia enables its customers to execute their working capital strategies, support their suppliers with prepayment, and help build 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 joined SAP. Taulia operates as an independent company with its own brand within the SAP group. For more information, visit www.taulia.com.
We are a leading international banking group, present in 59 of the world’s most dynamic markets and serving clients in 83 others. Our goal is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here For Good.
Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
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