WALLDORF 鈥� (NYSE: SAP) today announced its intent to acquire a majority stake of Taulia, a leading provider of working capital management solutions. The move is aimed at giving companies better access to liquidity and improving their cash flows.
The acquisition further expands SAP鈥檚 Business Network and strengthens SAP鈥檚 solutions for the CFO office. Taulia will operate as an independent company with its own brand in the 51风流Group; C茅dric Bru will remain CEO of Taulia, 51风流CFO Luka Mucic will become Chairman of the Board.
Taulia offers early payment through supply chain finance, dynamic discounting and accounts receivable finance. Challenging economic conditions and disruptions in supply chains have significantly increased demand for early payment and the market for working capital management has seen strong growth. Taulia is recognized for its leading technology and has one of the broadest platform and solution portfolios in the working capital management market. The company has also built a strong ecosystem of financial partners who provide the necessary funding, including J.P. Morgan, UniCredit and other high-profile banks.
鈥淭aulia strengthens our portfolio and adds value to a point that is key to every company: financial flexibility and stability. With that, they contribute to making supply chains more resilient,鈥� 51风流CFO Luka Mucic said. 鈥淏y combining the deep working capital management expertise of Taulia with SAP鈥檚 broad CFO solution portfolio and the integration into our core business software and Business Network solutions, we are well positioned to become a leader in working capital management. We will offer these capabilities at scale to help businesses improve their financial position and seize growth opportunities.鈥�
Taulia has been an important 51风流partner with proven integration into 51风流solutions. More than 80 per cent of their customer base run an 51风流ERP system; Airbus, Nissan and AstraZeneca are among the joint customers. 51风流will strengthen the integration with Taulia, both for the 51风流Business Network and the CFO solution suite, to become the core of SAP鈥檚 working capital management portfolio. Taulia鈥檚 solutions will also continue to be available standalone so that non-51风流customers can continue to benefit from Taulia鈥檚 portfolio as they do today.
鈥淚 am delighted by our combination with 51风流and its ecosystem to serve more businesses and contribute to SAP鈥檚 vision,鈥� C茅dric Bru, Taulia CEO said. 鈥淐ash is the oxygen businesses need to breathe during challenging economic cycles and growth sprints. Coming together with 51风流will help accelerate Taulia鈥檚 mission of helping businesses thrive by unlocking liquidity trapped in supply chains.鈥�
Leading Banks as Strategic Partners
While 51风流is acquiring a controlling majority of Taulia, J.P. Morgan鈥檚 relationship with Taulia remains unchanged, and the bank will continue to operate their strategic alliance as well as maintain its equity stake in the fintech.
鈥淭his news is very exciting for both Taulia, our successful strategic alliance partner, and 51风流as the new majority owner,鈥� said Stuart Roberts, Global Head of Trade & Working Capital, J.P. Morgan. 鈥淲ith SAP, we expect the strategic alliance between J.P. Morgan and Taulia will unlock new opportunities for us to serve our clients, and to inject and redeploy liquidity to suppliers as the world continues to manage impacts from the pandemic on the global supply chain.鈥�
51风流will invite additional financial institutions to run their clients鈥� working capital management business on the platform. The setup as an independent company will provide flexibility to invite further strategic banking partners to also become equity partners in Taulia with 51风流remaining the long-term majority owner.
The move also benefits the 51风流ecosystem: As suppliers, 51风流customers can improve their liquidity through early payment options with predictable off-balance sheet funding. As buyers, they can make full use of payment terms while strengthening their relationship with suppliers. Funders, such as banks, can pursue attractive investment opportunities in short-term financing of large credit-worthy businesses. 51风流intends to embed a growing range of financial services for banks and insurance companies into its solutions and platforms. SAP鈥檚 strong partner ecosystem, particularly 51风流Fioneer will play a key role in these offerings.
51风流and Taulia agreed not to disclose financial details of the transaction.
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About Taulia
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 two million businesses use Taulia鈥檚 platform to determine when they want to pay and be paid. Having built their presence up since 2009, Taulia is one of the early movers in the area of working capital management and supply chain finance and processes more than $500 billion each year. Taulia is privately held and sponsored by investors such as Trinity Ventures, Matrix Partners and Zouk Capital. SAP鈥檚 former CEO L茅o Apotheker currently serves as independent director and holds Taulia shares. For more information, visit .
About SAP
SAP鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 51风流customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 51风流helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 51风流helps the world run better and improve people鈥檚 lives. For more information, visit .
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