Hallmark To Provide Comprehensive E-Invoicing And Dynamic Discounting

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Company Conducts Thorough Review To Find Elegant Solution For Its Global Supply Base

Taulia Inc., the only SAP®-certified SaaS platform for dynamic discounting, today announced Hallmark will provide its global supply base with Taulia’s comprehensive suite of services, including e-invoicing, dynamic discounting and supplier self-services. The largest and most successful greeting card brand in the world, Hallmark has long been a technology leader in bringing innovative products to consumers. The company wanted to extend that leadership by providing its suppliers a unique value proposition - comprehensive e-invoicing and self-services, delivered by a dedicated on-board team at no cost to suppliers.

Hallmark decided on Taulia after conducting an exhaustive review of a wide variety of solutions on the market, examining everything from IT capabilities to conducting user evaluations in accounting, procurement and treasury. Taulia’s unique position as the only solution that fully integrates with SAP as a certified add-on, as well as its successful track record with dynamic discounting and its free supplier services, made it stand out above the other platforms. Hallmark spoke with other Taulia customers, including Pacific Gas & Electric, who have saved millions of dollars using Taulia’s dynamic discounting functionality.

“At Hallmark we treasure our relationships with our suppliers and recognize the valuable impact they play in our company’s success,” said Nick Arthur, senior strategic buyer at Hallmark. “We wanted to enhance their experience with Hallmark through a more convenient, flexible and technologically advanced e-invoicing platform, which also gives them the opportunity to negotiate payments on their invoices to Hallmark and be more fully aware of the invoice process from submission through payment. Our extensive evaluation period led us to choose Taulia for its ability to provide our suppliers with comprehensive tools and superior access to data, all without charging them a single penny.”

“We are delighted to have the opportunity to work with Hallmark, a brand well known for excellence in everything it does,” said Bertram Meyer, CEO of Taulia. “Hallmark wanted a way to reach its supplier base and provide them more effective tools for submitting invoices and receiving payment. Not only are we able to address those needs through a seamless integration into their existing SAP ERP system, through our innovative dynamic discounting platform Hallmark can see a near immediate return on investment. It is truly a win-win scenario for Hallmark and its suppliers.”

Hallmark is the world’s leading greeting card brand, and its products are sold in over 38,000 retail locations around the United States. In addition, Hallmark products are available in 30 countries around the world, in over 100 languages. The brand extends through its website at http://www.hallmark.com as well as the successful Hallmark cable channel and Hallmark Hall of Fame original movies. Taulia will begin the implementation process for Hallmark shortly, and anticipates most suppliers will be taking full advantage of the new features within 90 days.

About Taulia
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 solution offers e-invoicing, instant supplier portals and a sophisticated dynamic discounting management system. Taulia's SAP-certified cloud based solution extends SAP financials beyond the enterprise. Customers include Coca-Cola Bottling Co. Consolidated, Pfizer, Pacific Gas & Electric, Hallmark, John Deere and other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco, California with offices in London, Düsseldorf, Germany, New York City and Park City, Utah. For more information, visit http://www.taulia.com.

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Natalee Gibson
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