SAP announced it will acquire a majority stake of Taulia, a provider of working capital management solutions.
The acquisition further expands SAP’s Business Network and strengthens SAP’s solutions for the CFO office. Taulia will operate as an independent company with its own brand in the SAP Group; Cedric Bru will remain CEO of Taulia, SAP CFO Luka Mucic will become Chairman of the Board. Taulia offers early payment through supply chain finance, dynamic discounting and accounts receivable finance.
Taulia has received the funding from JP Morgan, UniCredit and other high-profile banks.
More than 80 percent of their customer base run an SAP ERP system; Airbus, Nissan and AstraZeneca are among the joint customers. SAP will strengthen the integration with Taulia, both for the SAP Business Network and the CFO solution suite, to become the core of SAP’s working capital management portfolio.
