Core Process’ business partner, market-leading working capital solutions provider Taulia, rounded off a year of spectacular growth marked by numerous high-profile achievements. To highlight one, businesses accelerated 24 billion dollar through early payments via Taulia, doubling from 12 billion dollar in 2017.
Using a new AI-powered buyer user interface, customers can access the insights needed to make on-the-spot, real-time decisions, and thereby optimize discount rates and payment terms. Taulia’s success in 2018 was underpinned by the company’s continuing commitment to this kind of technological innovation.
“We believe a winning mindset is key to success, and this is something that Taulia and our clients continue to demonstrate. In 2019 we will be looking to build on our considerable achievements over the last year and support our customers in freeing up the cash trapped in supply chains globally”, Cedric Bru, CEO of Taulia, said.
Key 2018 milestones include:
- Businesses globally accelerated $24 billion through early payments via Taulia.
- Early payments revenue grew by 126 per cent.
- Signed new customers across five continents including landmark GBP30m UK Government’s procurement framework contract (Crown Commercial Services), Rio Tinto, Sasol and Telstra.
- Taulia became profitable under U.S. GAAP.
- Customers benefited from new AI-powered user interface.
Taulia delivers working capital solutions that make it easy for businesses to free up cash, accelerate payments and improve supply chain health. Core Process represents Taulia in the Nordic market.
Since its foundation in 2009, Taulia has envisioned a world where every business can thrive by liberating cash using our state of the art platform. Today Taulia´s team of financial game changers have built a network connecting 1.6 million businesses across 168 countries and has accelerated more than $90 billion in early payments.
Taulia is headquartered in San Francisco with locations across the United States, the UK, and Europé.
Cedric Bru is President and CEO of Taulia, the Fintech company revolutionizing cash flows and supplier financing. He has more than 20 years of experience and a proven executive management track in financial services and technology companies like Visa and Hewlett-Packard.