Taulia welcomes Crédit Agricole CIB to its funder network
The organization joins major global banks in Taulia’s network of funders
SAN FRANCISCO, CALIFORNIA, JUNE 25 2024 – Taulia, a leading provider of working capital management solutions and part of SAP Group, is pleased to announce it has added Crédit Agricole CIB, corporate and investment banking arm of Crédit Agricole Group, one of the largest global banks, to its global multifunder network.
The announcement follows the recent additions of Bank of China London Branch and BNP Paribas to its network, which provides businesses with flexibility and an extensive and diverse network of banks for funding.
Taulia’s multifunder model is designed to further strengthen customer resilience through diversification and a wider funding pool for different currencies, geographies, client size and profile. Combined with Taulia’s leading-edge technology that allows scalability and operational efficiency through deep ERP integration, Taulia enables businesses to accelerate cash flows and optimize working capital.
Cedric Bru, CEO, Taulia, comments: “We are so excited to be working with Crédit Agricole CIB and to have them join our multifunder network. This announcement marks a significant milestone in our efforts to assist our customers with unlocking the liquidity trapped in their supply chains. Our aim is to empower businesses to invest in their growth, operate more efficiently, and seize new opportunities to foster innovation. With this partnership, we are proudly continuing to support customers in this mission.”
Dominique Honoré, Head of International Trade & Transaction Banking Global Products & Structuring at Crédit Agricole CIB, also comments: “This funding partnership is an important step to enhance our supply chain finance solutions at Crédit Agricole CIB. By teaming up with Taulia, we expand the technology solutions made available to our customers by offering integrated end-to-end solutions and improved client experience. Taulia’s expertise in supply chain technology, combined with the bank’s extensive working capital organization will help corporates efficiently sustain their supply chains and optimize their cash flows. We are delighted to be joining forces and offering cutting edge solutions to our existing and prospective customers.”
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. Taulia’s platform and network of more than 3 million businesses enables customers to execute their working capital strategies, support their suppliers with early payment, and contribute to building 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 became part of SAP. For more information, please visit www.taulia.com/de.
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