Visa and Taulia Partner to Supercharge Embedded Finance Offering
(18 March 2024 – United States) A new embedded finance partnership between Visa and Taulia is set to provide seamless execution and reconciliation of B2B payments for corporates.
Visa and Taulia have partnered to make embedded finance accessible to enterprises globally. The collaboration will incorporate Visa’s digital payments technology into Taulia Virtual Cards, a solution that integrates with SAP enterprise resource planning (ERP) solutions and business applications for a seamless and streamlined payments experience for buyers and suppliers.
Through the planned integration, Visa’s application programming interfaces (APIs) will embed virtual payment credentials, acceptance and enablement solutions directly into SAP business applications. The joint solution will help CFOs, procurement and accounts payable (AP) teams automate payments to suppliers. The new solution replaces a historically frustrating manual reconciliation process for buyers.
"We are thrilled to partner globally with SAP/Taulia to embed our digital payment solutions into workflows across this impressive ecosystem. 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” commented Visa SVP, Global Head of Large, Middle Market Segments and Working Capital Solutions, Alan Koenigsberg.
“Our partnership with Visa further demonstrates our commitment to delivering a customer-centric virtual card experience. Visa’s leading-edge capabilities and vast network will allow us to innovate and help our customers around the world advance on their journey with forward-thinking working capital technology” said Taulia Chief Product Officer, Danielle Weinblatt.
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