Visa and Taulia/SAP Join Forces to Improve Embedded Finance
Visa and Taulia, a supply chain finance entity owned by SAP, have forged a groundbreaking partnership to bring embedded finance to businesses worldwide, according to Finextra. This collaboration aims to make financial services more accessible and streamlined for companies operating on a global scale.
The core of this partnership lies in integrating Visa’s digital payments technology into Taulia Virtual Cards. These virtual cards seamlessly integrate with SAP’s enterprise resource planning solutions and other business applications, enabling smooth and efficient payments for both buyers and suppliers.
One of the key benefits of this partnership is the simplification of payments across the entire business ecosystem. By allowing virtual payment credentials to work natively within SAP business applications, the partnership aims to streamline payments, particularly for CFOs, procurement, and accounts payable teams. This integration will enable these teams to automate payments to suppliers, leading to improved cash flow and enhanced visibility. This, in turn, will reduce friction across B2B transactions.
Alan Koenigsberg, Senior Vice President, Global Head of Large, Middle Market Segments, and Working Capital Solutions at Visa, commented on the partnership, stating, «By partnering with SAP/Taulia, we create synergies in working capital management and the enablement of a world-class ERP provider. We believe that we are creating a best-in-class payments automation experience for buyers and suppliers alike, while removing cumbersome processes that take time away from the most strategic work that drives growth.»
This partnership marks a significant step forward in the world of embedded finance, promising to revolutionize how businesses manage their finances and conduct transactions on a global scale.