Visa and Taulia / SAP Partner to Drive Global Availability of Embedded Finance

Rhea-AI Summary

Visa (V) and Taulia partner to enhance B2B payments with digital solutions. The collaboration integrates Visa's technology into Taulia Virtual Cards for seamless payments within SAP business applications, benefiting buyers and suppliers globally.

Insights

Financial Analyst

The partnership between Visa and Taulia signifies a strategic move that could potentially enhance Visa's competitive edge in the B2B payments sector. By integrating Visa's digital payment technology into Taulia's Virtual Cards, the collaboration is expected to streamline the payment process for corporate buyers and suppliers, particularly within the SAP ecosystem. This integration allows for a more efficient reconciliation process, which is a critical aspect of financial operations for businesses.

From a financial perspective, the automation of payments and the simplification of the reconciliation process could lead to cost savings for businesses by reducing manual labor and the potential for errors. Moreover, the enhanced cash flow and visibility for suppliers could improve the overall financial health of the supply chain. This could lead to an increase in Visa's transaction volumes and, consequently, revenue growth. The market may respond positively to this news, anticipating potential gains in Visa's market share within the B2B space.

Market Research Analyst

Embedded finance is a rapidly growing trend that enables non-financial companies to offer financial services and Visa's move to partner with Taulia taps into this burgeoning market. The partnership is likely to be well-received by CFOs, procurement and accounts payable teams looking for integrated solutions that can automate and simplify payments to suppliers. The ability to pay one-time suppliers without the need for full master data creation could be particularly appealing to businesses seeking to optimize their working capital.

As Visa leverages its vast network and Taulia's working capital management solutions, the joint solution could see increased adoption, especially among businesses already using SAP ERP solutions. The market research angle would focus on analyzing the potential market size for this solution and the adoption rate within the existing SAP user base. It would also examine competitive offerings to assess how this partnership might affect Visa's market positioning.

Economist

By facilitating more efficient B2B transactions, this partnership could have macroeconomic implications. Improved cash flow for suppliers may lead to increased investment and spending in the economy. Additionally, the reduction in time and resources spent on payment processing could allow businesses to allocate more resources to strategic initiatives that drive growth.

On a broader scale, the acceleration of embedded finance could contribute to the digitization of the economy, reducing dependency on traditional payment methods and potentially increasing overall economic productivity. The partnership may also catalyze further innovation within the financial technology sector, as competitors seek to match or exceed the capabilities offered by Visa and Taulia's integrated solution.

New partnership brings seamless execution and reconciliation of b2b payments

SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE:V), a global leader in digital payments, and Taulia, an SAP company, and a leading provider of working capital management solutions, have announced a new partnership to make embedded finance accessible to businesses worldwide. 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.

Visa and Taulia’s partnership will simplify payments across the business ecosystem by enabling virtual payment credentials to work natively across SAP business applications. Through the planned integration, Visa’s APIs will embed virtual payment credentials, acceptance and enablement solutions directly into SAP business applications. The synergies created reinforce the financial institution’s role as Issuer, and the ERP relationship to the corporate client, driving further value through embedded finance capabilities.

Corporate buyers are turning to embedded virtual card solutions to deliver a seamless payment experience, in which users can remain in their ERP or business applications to recognize mass efficiencies. The joint solution will help CFOs, procurement and accounts payable teams automate payments to suppliers, which is especially helpful for paying one-time suppliers as this eliminates the need to create full master data in the system, a process that can take weeks or even months. Suppliers will gain improved cash flow and enhanced visibility, alleviating friction across B2B transactions. This new partnership and resulting solution replace a historically 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,” said Alan Koenigsberg, SVP, Global Head of Large, Middle Market Segments and Working Capital Solutions at Visa. “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.”

Taulia Chief Product Officer Danielle Weinblatt said: “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.”

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Taulia

Taulia is a fintech provider of working capital management solutions headquartered in San Francisco, California. Taulia helps companies access value tied up in their payables, receivables, and inventory. Taulia’s platform and network of more than 3 million businesses enables customers to execute their working capital strategies, support their suppliers with early payment, and contribute to building sustainable supply chains. Taulia processes more than $500 billion each year and is trusted by the world’s largest companies, including Airbus, AstraZeneca, and Nissan. In March 2022, Taulia became part of SAP. For more information, please visit www.taulia.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240311947435/en/

David Thum

dthum@visa.com

Source: Visa Inc.

FAQ

What companies are involved in the new partnership for B2B payments?

Visa (V) and Taulia, an SAP company, have partnered to enhance B2B payments.

What is the main focus of the partnership between Visa and Taulia?

The partnership aims to make embedded finance accessible to businesses worldwide by integrating Visa's digital payments technology into Taulia Virtual Cards.

How will the collaboration simplify payments for buyers and suppliers?

The collaboration will enable virtual payment credentials to work seamlessly across SAP business applications, automating payments and enhancing cash flow for suppliers.

What benefits will the joint solution offer to CFOs, procurement, and accounts payable teams?

The joint solution will help automate payments to suppliers, eliminating the need for creating full master data in the system and improving cash flow and visibility for suppliers.

What are the key statements made by Visa and Taulia regarding the partnership?

Visa emphasizes creating synergies in working capital management and enabling a world-class ERP provider, while Taulia highlights delivering a customer-centric virtual card experience through innovation.