WALLDORF, Germany, January 27, 2022 /PRNewswire/ — SAP SE (NYSE: SAP) today announced its intention to acquire a majority stake in Taulia, a leading provider of working capital management solutions. The move aims to give businesses better access to cash and improve their cash flow. The acquisition further expands SAP’s sales network and strengthens SAP’s solutions for the CFO’s office. Taulia will operate as an independent company with its own brand within the SAP group; Cédric Bru remains CEO of Taulia, SAP CFO Luka Mucic will become chairman of the board.
Taulia offers prepayment through supply chain finance, dynamic discounting and accounts receivable financing. Difficult economic conditions and supply chain disruptions have significantly increased the demand for prepayment and the working capital management market has seen strong growth. Taulia is recognized for its cutting-edge technology and has one of the broadest portfolios of platforms and solutions in the working capital management market. The company has also built a strong ecosystem of financial partners who provide the necessary financing, including JP Morgan, UniCredit and other leading banks.
“Taulia strengthens our portfolio and adds value to a point that is essential for every company: financial flexibility and stability. Thanks to this, they contribute to making supply chains more resilient”, SAP CFO Luka Mucic noted. “By combining Taulia’s deep expertise in working capital management with SAP’s extensive portfolio of CFO solutions and integration into our core business software and enterprise network solutions, we are well positioned to become a leader in working capital management. We will deliver these capabilities at scale to help companies improve their financial position and seize growth opportunities.”
Taulia has been an important SAP partner with proven integration into SAP solutions. More than 80% of their customers use an SAP ERP system; Airbus, Nissan and AstraZeneca are among the joint customers. SAP will deepen integration with Taulia, for both the SAP Business Network and the CFO suite of solutions, to become the core of SAP’s working capital management portfolio. Taulia’s solutions will also continue to be available on a standalone basis so that non-SAP customers can continue to benefit from Taulia’s portfolio as they do today.
“I am delighted with our association with SAP and its ecosystem to serve more companies and contribute to the vision of SAP,” said Cédric Bru, CEO of Taulia. “Cash is the oxygen businesses need to breathe during tough economic cycles and growth sprints. Partnering with SAP will help accelerate Taulia’s mission to help businesses thrive by freeing up cash trapped in supply chains.”
Big banks as strategic partners
As SAP acquires majority control of Taulia, JP Morgan’s relationship with Taulia remains unchanged, and the bank will continue to leverage their strategic alliance while maintaining its fintech stake.
“This news is very exciting for both Taulia, our successful strategic alliance partner, and SAP as the new majority owner,” said Stuart Robert, Global Head of Trading and Working Capital, JP Morgan. “With SAP, we expect the strategic alliance between JP Morgan and Taulia will open new opportunities for us to serve our customers, and to inject and redeploy liquidity to suppliers as the world continues to manage the impacts of the pandemic. on the global supply chain.”
SAP will invite other financial institutions to manage their customers’ working capital management activities on the platform. Setting up as an independent company will provide the flexibility to invite other strategic banking partners to also become equity partners of Taulia, with SAP remaining the long-term majority owner.
This decision also benefits the SAP ecosystem: as suppliers, SAP customers can improve their liquidity through prepayment options with predictable off-balance sheet financing. As buyers, they can take full advantage of payment terms while strengthening their relationship with suppliers. Lenders, such as banks, may seek attractive investment opportunities in short-term financing of large, creditworthy companies. SAP intends to integrate a growing range of financial services for banks and insurance companies into its solutions and platforms. SAP’s strong partner ecosystem, in particular SAP Fioneer, will play a key role in these offerings.
SAP and Taulia have agreed not to disclose financial details of the transaction.
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Taulia is a fintech provider of working capital management solutions headquartered in San Francisco, California. Taulia helps companies access the value linked to their payables, receivables and inventories. A network of over two million businesses use Taulia’s platform to determine when they want to pay and get paid. With a presence since 2009, Taulia is one of the forerunners in the field of working capital management and finance and supply chain processes over 500 billion dollars every year. Taulia is privately held and sponsored by investors such as Trinity Ventures, Matrix Partners and Zouk Capital. Former SAP CEO Leo Apotheker is currently an independent director and owns Taulia shares. For more information, visit http://www.taulia.com.
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