Visa and Taulia / SAP Partner to Drive Global Availability of Embedded Finance
12 Marzo 2024 - 1:00PM
Business Wire
New partnership brings seamless execution and
reconciliation of b2b payments
Visa (NYSE:V), a global leader in digital payments, and
Taulia, an SAP company, and a leading provider of working capital
management solutions, have announced a new partnership to make
embedded finance accessible to businesses worldwide. The
collaboration will incorporate Visa’s digital payments technology
into Taulia Virtual Cards, a solution that integrates with SAP
enterprise resource planning (ERP) solutions and business
applications for a seamless and streamlined payments experience for
buyers and suppliers.
Visa and Taulia’s partnership will simplify payments across the
business ecosystem by enabling virtual payment credentials to work
natively across SAP business applications. Through the planned
integration, Visa’s APIs will embed virtual payment credentials,
acceptance and enablement solutions directly into SAP business
applications. The synergies created reinforce the financial
institution’s role as Issuer, and the ERP relationship to the
corporate client, driving further value through embedded finance
capabilities.
Corporate buyers are turning to embedded virtual card solutions
to deliver a seamless payment experience, in which users can remain
in their ERP or business applications to recognize mass
efficiencies. The joint solution will help CFOs, procurement and
accounts payable teams automate payments to suppliers, which is
especially helpful for paying one-time suppliers as this eliminates
the need to create full master data in the system, a process that
can take weeks or even months. Suppliers will gain improved cash
flow and enhanced visibility, alleviating friction across B2B
transactions. This new partnership and resulting solution replace a
historically manual reconciliation process for buyers.
"We are thrilled to partner globally with SAP/Taulia to embed
our digital payment solutions into workflows across this impressive
ecosystem,” said Alan Koenigsberg, SVP, Global Head of Large,
Middle Market Segments and Working Capital Solutions at Visa. “By
partnering with SAP/Taulia, we create synergies in working capital
management and the enablement of a world class ERP provider. We
believe that we are creating a best-in-class payments automation
experience for buyers and suppliers alike, while removing
cumbersome processes that take time away from the most strategic
work that drives growth.”
Taulia Chief Product Officer Danielle Weinblatt said: “Our
partnership with Visa further demonstrates our commitment to
delivering a customer-centric virtual card experience. Visa’s
leading-edge capabilities and vast network will allow us to
innovate and help our customers around the world advance on their
journey with forward-thinking working capital technology.”
About Visa
Visa (NYSE: V) is a world leader in digital payments,
facilitating transactions between consumers, merchants, financial
institutions and government entities across more than 200 countries
and territories. Our mission is to connect the world through the
most innovative, convenient, reliable and secure payments network,
enabling individuals, businesses and economies to thrive. We
believe that economies that include everyone everywhere, uplift
everyone everywhere and see access as foundational to the future of
money movement. Learn more at Visa.com.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240311947435/en/
David Thum dthum@visa.com
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