Taulia: Paperless Transactions Made Easy

Businesses are constantly working to reduce overhead costs while simultaneously increasing profits. Paper invoicing and check payments are cumbersome, time consuming and reduce the profit margin for every business. The large companies miss out on discounts, and the medium and small firms don’t have access to capital required for the business, forcing them to borrow money from lenders and banks at higher rate of interest. “Taulia provides a unique cloud based solution for invoicing, payments and supplier financing, allowing medium and small businesses to enjoy early payments, while larger enterprises benefit from increased discount capture,” says Chris Cauley, Head of Solution Consulting, Taulia.

Headquartered in San Francisco CA, Taulia aims to provide transparency and visibility into the financial supply chain by maximizing the use of electronic files while ensuring efficient electronic transaction. Upon receiving the purchase order, the suppliers can confirm the receipt of the purchase order, submit and inquiry directly related to that PO, flip it into an invoice, and request to be paid early. Suppliers can do this all free of charge. “We cater to the largest as well as medium and small suppliers who want to use e-invoicing better, while avoiding paper and streamlining transactions. Taulia provides a single solution to organizations to meet the needs of all their entire supply chain,” explains Chris.

While many other solution providers struggle to provide a complete electronic invoicing system, Taulia achieves this with its core product, Inbox by Taulia. “Inbox by Taulia provides 100 percent electronic invoicing, even accounting for the invoices sent by suppliers through email. The service is always free of cost to suppliers, we don’t want to make revenue from suppliers and become a barrier for adoption,” he adds.