Taulia and ANZ enter into strategic relationship to advance working capital management solutions and help strengthen financial supply chains
17th May 2023, San Francisco, Melbourne – Taulia, a leading provider of working capital management solutions, and ANZ, a leading bank in Australia, have signed an agreement to collaborate across a range of working capital finance solutions.
As part of the agreement, ANZ will provide supply chain finance and dynamic discounting solutions enabled by Taulia’s front-end platform and integrated technology. With the strength of ANZ’s presence in the Asia Pacific region as well as its trade finance expertise, this collaboration is focused on helping clients enhance the resilience and sustainability of their supply chains, allowing their suppliers to gain access to capital more efficiently and cost-effectively. The goal is to offer this functionality to customers before the end of 2023.
Over the coming months, ANZ and Taulia will work together to extend the reach of their working capital finance solutions across both existing and new client networks. This will be further strengthened through Taulia’s acquisition by SAP, unlocking further opportunities across SAP’s growing ecosystem to deliver a differentiated experience for buyers and suppliers.
“This agreement marks yet another milestone in our journey to grow our bank network and work closely to deliver working capital solutions for our clients across Asia Pacific,” said Steve Scott, Head of Asia Pacific, Taulia. “With inflation still a key concern globally, we believe that CFOs should focus on their cash strategy to ensure they can not only survive but thrive during these turbulent times. Through this strategic relationship, we will be able to deliver cash to businesses when and where it is needed.”
“Providing our clients with working capital tools is a key priority in ensuring they can navigate the current landscape,” said Alan Huse, Head of Product Management, Transaction Banking at ANZ Institutional. “We’re looking forward to working with Taulia to explore new and innovative ways as we continue to help our clients effectively manage their supply chains.”
“The signing of this agreement signals the importance of the APAC region to global trade flows and our commitment to creating more resilient supply chains for our joint customers,” said Thomas Mehlkopf, Head of Working Capital, Taulia and SAP. “Ensuring that working capital is flowing unencumbered throughout the region is vital for recovery post-pandemic and to ensure continued growth.”