Visa, a global leader in digital payments, and Taulia, an SAP company and leading working capital management solutions provider, have announced a groundbreaking partnership to make embedded finance accessible to businesses worldwide via SAP business applications.
The recently unveiled collaboration will seamlessly integrate Visa’s digital payments technology into Taulia Virtual Cards, a solution that works natively with SAP enterprise resource planning (ERP) solutions and business applications to streamline buyers’ and suppliers’ payments experience. Furthermore, the partnership aims to simplify payments across the business ecosystem by embedding Visa’s virtual payment credentials, acceptance, and enablement solutions directly into SAP business applications using Visa’s APIs. This tight integration reinforces the role of financial institutions as issuers and the ERP system’s relationship with corporate clients, driving further value through embedded finance capabilities.
According to Alan Koenigsberg, SVP, Global Head of Large, Middle Market Segments, and Working Capital Solutions at Visa, partnering with SAP/Taulia creates synergies in working capital management and enables a world-class ERP provider. Visa believes this partnership will create a best-in-class payment automation experience for buyers and suppliers while eliminating cumbersome manual processes that divert time and resources from strategic growth initiatives.
Enhancing Cash Flow Visibility through SAP Business Applications
Corporate buyers are increasingly turning to embedded virtual card solutions to streamline their payment processes and enable users to stay within their ERP or business applications for maximum efficiency. The joint solution from Visa and Taulia will help CFOs, procurement teams, and accounts payable departments automate payments to suppliers, particularly one-time vendors, by eliminating the need to create full master data in the system – a process that can take weeks or even months.
Suppliers will also benefit from the partnership, as the integrated solution will improve cash flow and provide enhanced visibility, reducing friction across B2B transactions. By replacing the historically manual reconciliation process for buyers, the Visa-Taulia partnership aims to drive efficiency and transparency throughout the supply chain.
Taulia Chief Product Officer Danielle Weinblatt emphasized the company’s commitment to delivering a customer-centric virtual card experience, stating that Visa’s leading-edge capabilities and extensive network will enable Taulia to innovate and help customers worldwide advance their working capital technology journey.
Leveraging SAP Solutions to Drive Innovation in Working Capital Management
Taulia, headquartered in San Francisco, California, is a fintech provider of working capital management solutions that help companies access value tied up in their payables, receivables, and inventory. With a platform and network of more than 3 million businesses, Taulia enables customers to execute their working capital strategies, support suppliers with early payment, and contribute to building sustainable supply chains. Processing over $500 billion annually, Taulia is trusted by global giants such as Airbus, AstraZeneca, and Nissan.
Since joining SAP in March 2022, Taulia has been well-positioned to leverage the power of SAP business applications to drive innovation in working capital management. The partnership with Visa further enhances this capability, as the integration of digital payment solutions into SAP business applications will create a seamless and efficient experience for businesses worldwide.
As the demand for embedded finance solutions continues to grow, the Visa-Taulia/SAP partnership is poised to revolutionize B2B payments by making these capabilities accessible to a vast network of businesses through the familiar and trusted SAP business applications platform. By automating payments, enhancing cash flow visibility, and reducing manual processes, this collaboration will empower companies to focus on strategic initiatives that drive growth and success in an increasingly competitive global marketplace.
