• Taulia Raises $8.5 Million To Help Companies Pay Their Invoices Early

    Tuesday, July 26th, 2011

    Leena Rao currently works as a writer for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

    taulia
    taulia

    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.

    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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