Initially, the partnership will focus on the provision of supply chain finance and dynamic discounting.

Taulia, a provider of working capital solutions, and Standard Chartered announced a Memorandum of Understanding to jointly advance working capital management solutions and strengthen financial supply chains. Taulia was acquired in January this year by SAP (NYSE: SAP) in a move aimed at giving companies better access to liquidity and improving their cash flows. (Taulia)

Suppliers will gain access to working capital more efficiently and cost effectively, particularly supply chain finance and dynamic discounting solutions through the collaboration between Taulia and Standard Chartered. Taulia will bring to the table its platform and integrated technology; Standard Chartered will provide the advantages from its global presence, expertise in trade finance, and vast client base.

Thomas Mehlkopf, Head of Working Capital Management CoE at SAP and member of the Taulia Leadership Team said in a statement: “We believe that all CFOs should focus on their cash strategy to ensure growth during these turbulent times and our partnership with Standard Chartered will deliver cash when and where it is needed, especially in emerging markets.”

“Ensuring our clients are managing their working capital efficiently is a key priority in ensuring that their businesses grow sustainably, especially with the complexities and challenges in today’s supply chains,” said Kai Fehr, Global Head of Trade & Working Capital, Standard Chartered.

“Taulia’s footprint also complements that of the Bank, offering greater opportunities for us to support companies in the West with their supply chain flows into Asia, Africa and the Middle East,” Fehr added.

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