The increasing pace of commerce and relentless disruption from new technologies are changing the game for how businesses approach working capital. Improving access to cash is no longer a nice-to-have benefit; going forward, optimized working capital may very well be essential to business survival.
At the event, Taulia shared some recent successes it has had with other clients:
- AstraZeneca funded $600 million in new drug innovations directly from cash liberation through its SCF program.
- Airgas streamlined its P2P process by automating more than 600,000 invoices annually.
- Australian telecom giant Telstra improved its DPO metrics by 29 days, releasing about $350 million from the balance sheet.