SAP is to buy working capital fintech Taulia for an undisclosed sum. In a statement, SAP said the move would, ‘Expand SAP’s Business Network and strengthen SAP’s solutions for the CFO office.’
Taulia will operate as an independent company with its own brand, with Cédric Bru remaining as CEO of Taulia and SAP CFO Luka Mucic becoming chairman. JP Morgan, which holds a minority stake in Taulia and funds many of its supply chain finance programmes, welcomed the move and will remain a ‘strategic partner’ of the brand.
However, SAP made it clear that it will actively encourage other financial institutions to run their clients’ working capital programmes on the SAP network, as well as inviting other banks to also become equity partners in Taulia, with SAP remaining the long-term majority owner.
Around 80 per cent of Taulia’s existing customers run an SAP ERP system, including Airbus, Nissan and AstraZeneca, and SAP plans to strengthen the integration with Taulia and make it the core of SAP’s working capital management portfolio. However, Taulia’s solutions will also continue to be available to non-SAP customers. With SAP claiming 94% of the world’s 500 largest companies as SAP as customers, the potential for the combined firm to capture a much greater share of the market for supplier finance is considerable.
© Adaugeo Media Ltd