Fintech provider Taulia has signed a memorandum of understanding (MoU) with Standard Chartered to collaborate on working capital finance solutions. The announcement follows SAP’s acquisition of Tualia earlier this year.
Taulia’s front-end platform and integrated technology will be used to provide supply chain finance and discounting solutions to Standard Chartered’s global network. The agreement will help clients to improve the resilience and sustainability of their supply chains by giving suppliers more efficient and cost-effective access to working capital.
Thomas Mehlkopf, head of working capital management centre of excellence at SAP and member of the Taulia leadership team, says: “We believe that all chief financial officers should focus on their cash strategy to ensure growth during these turbulent times and our partnership with Standard Chartered will deliver cash when and where it is needed, especially in emerging markets.”
Kai Fehr, global head of trading and working capital at Standard Chartered, adds: “Ensuring our clients are managing their working capital efficiently is a key priority in ensuring that their businesses grow sustainably, especially with the complexities and challenges in today’s supply chains.”
.jpg)