SAN FRANCISCO-Tuesday 11 August 2020 [ AETOS Wire ]
Taulia
is a leading provider of working capital technology solutions
headquartered in San Francisco, California. Through a unique combination
of its technology platform, people and process, Taulia helps companies
access the value tied up in their supply chain by transitioning from
inefficient and often manual working capital management practices into
technology-led, working capital optimization strategies. Taulia’s vision
is to create a world where every business thrives by enabling buyers
and suppliers to choose when to pay and get paid. A network of 2 million
businesses use Taulia’s technology and the company processes over $500
billion every year. Taulia is trusted by the world’s largest companies
including Airbus, AstraZeneca, Nissan and Vodafone. For more
information, please visit www.taulia.com
(BUSINESS WIRE)--
Over 60% of businesses are more interested in requesting early payment
(62%) and automating invoice processing (66%) as a result of the
COVID-19 pandemic, according to a report conducted by working capital
technology solutions leader, Taulia. The global report unlocks key
insights into supplier behavior due to the impact of COVID-19, with main
themes being: a shift in working practices, a decrease in business
demand, and an increase in the automation of financial processes.
The
survey which was conducted over a two-week period in June 2020
collected the views and insights of over 9,000 global respondents, with
the majority (55%) of respondents coming from businesses with less than
USD $10 million in revenue. Respondents were asked questions about how
COVID-19 has impacted their business and how their behavior has changed
as a result of the pandemic.
The
report found that businesses are adapting to the current environment in
numerous ways, with many respondents (78%) stating they have seen a
change in their customers’ working practices. This change is reflected
in their own work environment, with 41% of respondents saying they will
now allow staff to work from home. Respondents also noted that there has
been an increase in receiving late payments (43%) and a general
decrease in business demand (56%), which means managing cash flow and
injecting liquidity into the business has never been more important.
“COVID-19
has disrupted the entire business world and we want to do whatever we
can to help businesses, small and large, to remain operational and
competitive. As a result of COVID-19, we have seen a tremendous increase
in early payment requests and demand for solutions to help manage
financial processes electronically. The report sheds light on current
business attitudes and behavior, which we hope to use to fuel more
innovation to help our customers succeed,” states Cedric Bru, CEO,
Taulia.
The full COVID-19: Effects on your business report can be viewed here.
About Taulia
View source version on businesswire.com: https://www.businesswire.com/news/home/20200811005097/en/
Contacts
Mary Arrizza
Marketing Communications Associate
mary.arrizza@taulia.com
