NHS Business Services Authority and Taulia Win Bobsguide Partnership Award
Working capital solutions provider Taulia and the UK’s NHS Business Services Authority (NHSBSA) have been recognized with a prestigious Bobsguide Partnership Award for the Best Fintech Implementation Project Management. The Bobsguide Partnership Awards showcase the best partnerships in the fintech market, with the judging panel carrying out several rounds of assessment.
Paying pharmacy contractors on time is key to avoiding supply chain disruption and ensuring the British public has access to fully stocked pharmacies. Last year, NHSBSA launched a new Pharmacy Earlier Payment Scheme (PEPS) with Taulia and funding provider Greensill Capital. The scheme, which was launched in just eight weeks, helps pharmacies accelerate funds owed to pharmacy contractors while avoiding the need for time-consuming KYC processes. Over 1,500 contractors have now transitioned to the new program, which has accelerated over £1 billion of early payments in the last year.
Martin Kelsall, Director of Primary Care Services at NHSBSA said, “A highly competitive cost of borrowing has been made available to all pharmacists at a fixed rate. Now, participating pharmacists have access to cash far earlier than before, improving their trading options with suppliers and wholesalers. Partnering with Taulia enables the NHSBSA to offer a scheme that is easy to switch to, simple to manage and dependable.
“NHSBSA processes 1.1 billion prescriptions a year. By lending their extensive supply chain finance knowledge, Taulia and Greensill Capital have been able to add real strategic value to NHSBSA’s offering.”
Taulia has further supported the program by arranging workshops and building a website to educate pharmacy contractors about the scheme. Contractors participating in the scheme have been able to improve their cash flow, reduce their cost of borrowing and invest in growth in an uncertain market.
“We’re delighted that this outstanding project has been recognized with a Bobsguide Partnership Award,” said Michael Rieskamp, Head of European Sales at Taulia. “The new scheme benefits not only participating contractors, but also the UK public.”
To learn more about PEPS and its benefits visit www.customers.taulia.com/nhs-bsa .
Note 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 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, Europe and Asia Pacific.
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
CA-ANDERSEN-GLOBAL20.11.2019 14:18:10 CET | Pressemeddelelse
Andersen Global udvider i Bosnien-Hercegovina
DAWEX20.11.2019 14:11:09 CET | Press release
Dawex Data Exchange Technology Brings Sustainable Future to Open Data
CA-ESRI20.11.2019 14:02:09 CET | Press release
Salesforce Selects Esri as Key Geospatial Partner
IL-PRICEFX20.11.2019 14:02:09 CET | Press release
Pricefx Introduces New Feature Enhancements and User Interface for its Award-winning Pricing Platform
H.I.G.-CAPITAL20.11.2019 13:07:08 CET | Press release
H.I.G. Capital Completes the Re-Development of a Mixed-Use Asset in Mannheim, Germany
LIVANOVA-PLC20.11.2019 12:02:04 CET | Press release
LivaNova to Restructure its Heart Valve Business Line and End Caisson Transcatheter Mitral Valve Replacement Program
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom