Taulia expands into inventory management, addressing a key supply chain challenge for companies
Former Wells Fargo executive Erik Wanberg to lead the expansion
SAN FRANCISCO, 27 APRIL 2021 – Taulia, the leading fintech provider of working capital solutions, has today announced it is expanding its offering to include inventory management. This key development will enable Taulia to provide its global customer base with solutions that cover all three areas of the cash conversion cycle: payables, receivables and inventory.
In bringing its inventory management solution to market, Taulia will build upon a decade’s worth of experience in helping a global network of more than two million companies to access the value tied up in their payables and receivables. It currently processes in excess of $500 billion each year.
Taulia has appointed Erik Wanberg to lead its inventory management business line. Wanberg was previously a Managing Director in Supply Chain Finance at Wells Fargo and joins with almost 25-years’ experience from roles in inventory solutions at the likes of GE Capital and Silicon Valley Bank.
Erik Wanberg, Head of Inventory Management at Taulia, said: “There are limited options available to companies who are looking for inventory management support and supply chain disruptions are forcing many organizations to re-examine their suppliers’ ability to deliver goods when needed. This has created a perfect void that urgently needs filling. Taulia, with its established technology infrastructure, experience in providing access to liquidity for global supply chains and deep network of participating businesses, is the natural choice to step into the breach.”
Cedric Bru, CEO of Taulia, said: “Inventory is often cited as the most difficult working capital component for companies to improve upon. It is a demand that we have heard loud and clear from supply chain and sourcing leaders around the world. Taulia’s customers have told us they face a wide range of challenges, including lengthy lead times, an ever-increasing need for closer safety stocks and alternative solutions to complex vendor-managed inventory programs.
“Taulia has long been committed to empowering companies to unlock liquidity in their supply chains, and ultimately ensuring that process is as easy and efficient as possible. By expanding our platform into inventory management, we are further delivering upon that commitment. With Erik’s wealth of experience in world-class inventory solutions roles, I am confident that we can make a significant difference for our customers.”