The new AI engine leverages data on supplier behavior and combines it with external factors to help clients make more precise predictions, and ultimately better decisions, on early payment programs and working capital strategies. Vincent Beerman, Senior Director of Product at Taulia, said that the AI improvements will translate to “less risk and more reward.”
“This is an exciting and massive achievement for Taulia,” said Cedric Bru, CEO. “This step in our product journey is all about bringing knowledge and decision-making to our clients to make early payment programs stronger, more efficient and more cost effective for all parties in the supply chain.”
Founded in 2009, Taulia helps businesses build healthy supply chains by providing supply chain financing options that offer flexible payment terms. The tools help businesses accelerate payments and free up working capital. Suppliers that use Taulia receive financing offers based on their historical payment behavior, the APR they are willing to accept, and their financial standing.
At FinovateEurope 2015, Taulia debuted Enhanced Discounting to the European market. Headquartered in San Francisco, Taulia’s network connects 1.6 million businesses across 168 countries and has accelerated more than $91 billion in early payments.