Invoicing company Taulia has raised $8.5 million in Series B funding led by DAG Ventures with Matrix Partners and Trinity Ventures participating. This brings Taulia’s total funding to over $12 million.

Taulia essentially enables corporations to pay their invoices early through its SaaS Dynamic Discounting solution, which often results in cost-cutting thanks to the early payment discounts they stand to receive from their suppliers. For suppliers, the Taulia Vendor Portal offers the ability to accelerate invoice payment on-demand. The company’s on-demand platform promises to let companies connect to any proprietary portal or third-party e-invoicing network.

A number of Fortune 500 companies are using Taulia’s platform including Pfizer and Coca-Cola.

Taulia will use the additional funding for sales and marketing efforts as well as to acquire new engineering talent for product development.

Crunchbase

• TAULIA

Company: Taulia

Website: taulia.com

Funding: $11.2M

We build simple solutions that help SAP customers uncover hidden savings opportunities in their supply chains Our first product, the Taulia Invoicement Suite, includes a dynamic discounting module and self-service vendor portal. Together these tools reduce Accounts Payable support overhead, improve supplier relations and generate significant cash savings for corporations. Taulia is the only SAP certified partner that offers a web-based dynamic discounting solution. Our minimally invasive SAAS solution is easy to install and maintain because our value is delivered on...

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