Taulia has introduced a new product providing customers with real-time insights into payment trends and global supply chains.
Through Taulia Analytics, businesses “can make actionable decisions on how to strengthen their own supply chains, increase efficiency, and invest in their business”, says Markus Ament, chief product officer at Taulia.
The product, launched at Sibos 2014, looks at multiple industries and will enable businesses to see real-time statistics with supplier data and transactions to help them set goals and streamline their operations.
The San Francisco-based company, which counts Coca-Coca Bottling Co, Pfizer and Hallmark as customers, allows companies to compare their payment terms and increase supplier enrolment in early payments schemes and maximise discounts.
“Taulia Analytics lets customers take advantage of Taulia’s vast set of supplier behaviour data, and we believe it will help customers become more profitable by better understanding their suppliers and larger industry trends,” adds Ament.
Taulia Analytics aggregates and analyses the millions of supplier transactions, from more than 300,000 suppliers, made on the Taulia platform since 2009.
The news comes as Taulia receives an investment from BBVA Ventures. The funding came from Taulia’s series D fundraising and saw the firm raise US$40mn. Explaining why BBVA invested in the company, Thomas Whiteaker, executive director at BBVA Ventures, says: “Taulia’s business model is unparalleled in supply chain finance. It sits at the intersection of banking and information technology. We see the convergence of these two streams as the future of banking.”