As a SaaS (News - Alert) solution that includes a dynamic discounting module and vendor self-service portal, the Taulia Invoicement Suite helps automate invoice processing, improve supplier relationships, and reduce supply chain costs through dynamic discounting. To take advantage of these benefits, Coca-Cola Bottling Co. Consolidated has chosen the unique solution, thus driving efficiency and automation across the organization.
In a release, Marcia Golden, director AP at Coca-Cola Bottling Co. Consolidated said, “In 2010 we set very ambitious goals for upgrading our accounts payable and procurement processes - A lean, centralized processing of invoices, reduction of paper invoices by more than 50 percent, highest level of automation, and on top of that, ways to provide our purchasing department with the best possible leverage when negotiating discounts. After conducting an in-depth research and comprehensive evaluation of technologies and solutions available to help us achieve these goals, Taulia’s complete end-to-end solution quickly emerged as our solution of choice.”
Taulia’s solution was chosen based on its extensive SAP background and expertise for optimizing accounts payable and procurement processes, in addition to its SAP (News - Alert) certified software as a service (SaaS) solution that easily integrates with Coca-Cola’s business software with minimal internal IT requirements. A highly automated dynamic discounting optimizer and a comprehensive vendor portal are included along with the solution.
Suppliers not only benefit from immediate payment, but can also achieve greater early payment discounts while lowering receivable costs and days sales outstanding (DSO). They also no longer need to rely on banks for their short-term financing needs. In a release, Bertram Meyer, Taulia’s CEO said, “Organizations can further optimize their working capital and achieve double-digit returns by working with their suppliers and utilizing dynamic discounting instead of taking a hit-or-miss approach for discounts and early payment terms. We continue to see tremendous opportunities for organizations to improve their accounts payable process and leverage speedier processes to achieve greater discounts much beyond traditional rates.”
As solution provider, Taulia delivers SaaS solutions for vendor portals, dynamic discounting and accounts payable automation. As the only SAP Partner, Taulia offers a certified SaaS-based dynamic discount management solution.
Carolyn John is a Contributor to TMCnet. To read more of her articles, please columnist page.
Edited by Jennifer Russell