SAP announced it has completed the acquisition of a majority stake of Taulia, a leading provider of working capital management solutions.
“With Taulia now an official part of our solution portfolio, we can help companies gain financial flexibility and stability and contribute to making supply chains more resilient,” said Luka Mucic, CFO of SAP.
The acquisition further expands SAP’s business network and strengthens SAP’s solutions for the CFO office. Taulia’s solutions will both be tightly integrated into SAP software as well as continue to be available standalone. Taulia will operate as an independent company with its own brand within the SAP Group.
Taulia offers early payment through supply chain finance, dynamic discounting and accounts receivable finance. Challenging economic conditions and disruptions in supply chains have significantly increased demand for early payment and the market for working capital management has seen strong growth.
J.P. Morgan will continue to maintain its equity stake in the fintech.
For more information about this news, visit www.sap.com.