San Francisco, Calif. (PRWEB) October 16, 2012
Taulia Inc., the only SAP®-certified SaaS platform for dynamic discounting, today announced it is the first solution to be featured by SAP as using the scalable, on-demand Amazon Web Services (AWS) platform for production use of SAP HANA. The popular AWS cloud model, which allows customers to pay only for the resources used, will enable SAP HANA users the ability to deploy their solutions without making required long-term commitments or costly capital expenditures. As the first solution in production with SAP HANA on AWS, Taulia was featured this morning during the SAP TechEd keynote address, given by SAP’s Chief Technology Officer and executive board member Dr. Vishal Sikka.
Having played a featured role in previous SAP keynotes and The Startup Focus Program, Taulia remains at the forefront of SAP HANA innovation and is pleased to have been chosen first to showcase CloudFinance, powered by SAP HANA on the AWS platform. CloudFinance allows third party financing organizations to make risk-free, short-term investments through purchasing supplier’s receivables and collecting full payment from buyers. Taking supply chain finance to a new level, CloudFinance offers an alternative to traditional factoring that allows suppliers to grant discounts to third-party payers in exchange for being paid earlier for their receivables. Through SAP HANA Taulia is able to do extensive risk profiling of suppliers and their receivables in real-time, allowing potential third-party payers to provide funds based on up-to-the-minute calculations. CloudFinance gives suppliers an easy way to get paid when they need it while buyers can continue to run operations with no interruptions.
“We are incredibly excited to be the first case of being on production on AWS with SAP HANA, and to play a key role in their launch,” said Philip Stehlik, CTO of Taulia. “The Taulia technology is a perfect fit because it allows users to access results of data-intensive calculations in real time, without the burden and time commitment of a costly implementation. With CloudFinance, Taulia revolutionizes the factoring game and allows for creditworthiness decisions to be made in split seconds. This provides a direct and immediate benefit to suppliers, buyers and third party financing organizations; something previously unimagined.”
SAP’s TechEd conference takes place October 15-19, 2012 in Las Vegas. In addition to Taulia’s featured role in the keynote address, Stehlik will present in three key sessions during the conference. They include a primer on Developing for SAP HANA Using Java Applications, which will be presented on Tuesday, October 16th from 1:30 - 2 pm and two sessions on the Seven Things to Consider When Going into Production with SAP HANA in the Public, presented on Tuesday, October 16th from 10 - 10:30 am and on Wednesday, October 17th from 2:30 - 3 pm.
Taulia optimizes the invoicing and payment process. With Taulia, large buying organizations can reduce their total spend and achieve double-digit returns on their cash positions, while their suppliers get paid earlier at a lower cost of capital than alternative options. Taulia's Dynamic Payment Platform offers e-invoicing, instant vendor portals and a sophisticated dynamic enterprise payment management system. Taulia's SAP-certified cloud based solution extends SAP financials beyond the enterprise. To learn more about how Taulia is partnering with SAP HANA on AWS, visit taulia.com/sap-hana-cloud-finance.