Taulia Enhances Platform with New Artificial Intelligence Capabilities in a World First for Working Capital Solutions
Harnessing the latest developments in AI technology, Taulia’s upgraded platform supports simplified, informed decision-making and strengthens the buyer-supplier relationships.
- Taulia has upgraded its platform with a set of new world-class AI capabilities.
- Rate of suppliers taking advantage of early payment offers increases three fold.
- The enhanced platform supports companies in making better informed decisions about their working capital and cash.
Companies now have the power of AI at their fingertips with the next-level enhancement of Taulia’s platform. The platform taps into aggregated data on supplier behavior, such as the historic timing of payments and the annual percentage rate (APR) accepted by suppliers when taking early payment, plus other factors including seasonality. By overlaying this with external data sources, the platform informs and simplifies the decision-making process for businesses operating early payment programs.
Suppliers using the platform to receive offers based on their historical behavior, including – but not limited to – the timing of early payments taken, the APR they are willing to accept and any fluctuations in their financial position. Suppliers therefore receive timely offers at the best rate available, adding strength and confidence to the buyer-supplier relationship. Already, buyers have noted a three fold improvement in their early payment efficiency, meaning that more suppliers are making use of the available early payment offers.
Vincent Beerman, Senior Director of Product at Taulia, who recently wrote an article on harnessing the power of AI , said: “The increasing availability and precision of prediction means our customers will be able to execute their working capital strategies with less risk and more reward.”
Cedric Bru, CEO of Taulia, further added: “This is an exciting and massive achievement for Taulia. We are the first working capital solution provider to harness the power of AI and bring it to our clients’ fingertips. This step in our product journey is all about bringing knowledge and decision-making to our clients to make early payment programs stronger, more efficient and more cost effective for all parties in the supply chain.”
Notes to editors: Taulia delivers working capital solutions that make it easy for businesses to free up cash, accelerate payments and improve supply chain health. 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 our team of financial game changers has built a network connecting 1.6 million businesses across 168 countries and has accelerated more than $91 billion in early payments. Taulia is headquartered in San Francisco with locations across the United States, Europe and Asia Pacific.
Taulia website: www.taulia.com
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her, og modtag pressemeddelelser på e-mail. Indtast din e-mail, klik på abonner, og følg instruktionerne i den udsendte e-mail.
Flere pressemeddelelser fra Business Wire
IDEMIA18.4.2019 12:51:04 CEST | Pressemeddelelse
IDEMIA Provides NOS with eSIM Management Solutions
TX-PHYTON-BIOTECH18.4.2019 12:02:11 CEST | Pressemeddelelse
AqVida and Phyton Biotech Receive Approval from European Directorate of Quality Medicines for AqVida’s Cancer-fighting Paclitaxel Injectable Finished Dosage Formulation
NY-BOIES-SCHILLER-FLEX18.4.2019 09:43:12 CEST | Pressemeddelelse
Racketeering Lawsuit Filed by Boies Schiller Flexner LLP Alleges Czech Oligarch Defrauds US Hedge Fund and Former Partner Out of Over $1 Billion
MITSUBISHI-HEAVY-IND18.4.2019 09:23:11 CEST | Pressemeddelelse
MHI Thermal Systems Develops Demonstration Unit of the World’s First Small-Capacity Residential Air-Conditioner Adopting the Low-GWP R454C Refrigerant
MA-HOLOGIC-INC18.4.2019 09:02:09 CEST | Pressemeddelelse
Hologic Receives European CE Mark for ThinPrep® Genesis Processor, an Automated Cytology Slide and Molecular Sample System
SARTORIUS18.4.2019 07:02:15 CEST | Pressemeddelelse
Sartorius Starts off Fiscal 2019 with a Strong First Quarter
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter samt finde vores kontaktoplysninger.Besøg vores nyhedsrum